Quadrant Capital Group LLC trimmed its position in Union Pacific Corporation (NYSE:UNP – Free Report) by 6.7% in the 4th quarter, HoldingsChannel reports. The firm owned 26,252 shares of the railroad operator’s stock after selling 1,897 shares during the quarter. Quadrant Capital Group LLC’s holdings in Union Pacific were worth $6,073,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Rachor Investment Advisory Services LLC purchased a new position in shares of Union Pacific in the fourth quarter worth about $25,000. Tucker Asset Management LLC purchased a new position in shares of Union Pacific in the fourth quarter worth about $25,000. SWAN Capital LLC raised its stake in shares of Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. High Point Wealth Management LLC purchased a new position in shares of Union Pacific in the fourth quarter worth about $26,000. Finally, Caitlin John LLC purchased a new position in shares of Union Pacific in the third quarter worth about $27,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
Union Pacific Stock Up 1.5%
Shares of UNP stock opened at $272.37 on Friday. The stock has a 50 day moving average of $262.23 and a 200 day moving average of $248.69. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. The stock has a market cap of $161.71 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.84 and a beta of 0.97. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $279.70.
Union Pacific Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.
Insider Activity at Union Pacific
In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the transaction, the chief financial officer owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 34,377 shares of company stock worth $9,251,221. 0.22% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on UNP shares. JPMorgan Chase & Co. raised their price objective on Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. Susquehanna restated a “positive” rating and issued a $305.00 price objective on shares of Union Pacific in a research note on Friday, June 5th. Evercore restated an “outperform” rating and issued a $277.00 price objective on shares of Union Pacific in a research note on Friday, April 24th. Finally, UBS Group restated a “neutral” rating and issued a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $282.21.
Get Our Latest Stock Report on Union Pacific
Union Pacific Company 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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