O Shaughnessy Asset Management LLC boosted its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 163,965 shares of the railroad operator’s stock after purchasing an additional 9,428 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Union Pacific were worth $37,928,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Manchester Capital Management LLC increased its holdings in Union Pacific by 5.3% in the fourth quarter. Manchester Capital Management LLC now owns 8,999 shares of the railroad operator’s stock valued at $2,082,000 after purchasing an additional 450 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Union Pacific during the 4th quarter worth about $675,000. HFR Wealth Management LLC grew its holdings in Union Pacific by 1.1% during the 4th quarter. HFR Wealth Management LLC now owns 47,421 shares of the railroad operator’s stock worth $10,969,000 after acquiring an additional 497 shares during the period. CNB Bank grew its holdings in Union Pacific by 2.1% during the 4th quarter. CNB Bank now owns 16,216 shares of the railroad operator’s stock worth $3,751,000 after acquiring an additional 335 shares during the period. Finally, Palladiem LLC acquired a new stake in Union Pacific during the 4th quarter worth about $76,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.
Union Pacific Stock Performance
Shares of UNP opened at $272.28 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. The stock has a 50-day moving average of $259.32 and a 200-day moving average of $247.21. The company has a market cap of $161.66 billion, a PE ratio of 22.43, a P/E/G ratio of 2.89 and a beta of 0.97. Union Pacific Corporation has a one year low of $210.84 and a one year high of $279.70.
Union Pacific Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.0%. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on UNP shares. Citigroup reiterated a “buy” rating and set a $307.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Benchmark increased their price target on Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, April 24th. TD Cowen increased their price target on Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Raymond James Financial set a $310.00 price target on Union Pacific in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $282.21.
Read Our Latest Analysis on UNP
Insider Activity
In other news, CFO Jennifer L. Hamann sold 2,000 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the completion of the sale, the chief financial officer directly owned 114,642 shares in the company, valued at $31,492,157.40. This trade represents a 1.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the completion of the sale, the executive vice president owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This represents a 30.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,377 shares of company stock worth $9,251,221 in the last three months. Company insiders own 0.22% of the company’s stock.
Union Pacific Profile
Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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