Diversified Trust Co grew its holdings in Union Pacific Corporation (NYSE:UNP – Free Report) by 163.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 30,404 shares of the railroad operator’s stock after buying an additional 18,866 shares during the quarter. Diversified Trust Co’s holdings in Union Pacific were worth $7,377,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of UNP. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific during the fourth quarter worth $25,000. Tucker Asset Management LLC purchased a new position in Union Pacific during the fourth quarter worth about $25,000. SWAN Capital LLC boosted its holdings in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. High Point Wealth Management LLC acquired a new position in Union Pacific in the 4th quarter valued at about $26,000. Finally, Caitlin John LLC purchased a new stake in shares of Union Pacific in the 3rd quarter valued at approximately $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $289.00 price target (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. TD Cowen upped their price objective on Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a report on Friday, April 24th. Citigroup reiterated a “buy” rating and issued a $307.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. Susquehanna reissued a “positive” rating and set a $305.00 target price on shares of Union Pacific in a research note on Friday, June 5th. Finally, Sanford C. Bernstein lifted their target price on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $282.21.
Insiders Place Their Bets
In other news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,378 shares of company stock worth $8,781,595 in the last ninety days. 0.22% of the stock is owned by corporate insiders.
Union Pacific Stock Up 0.2%
Shares of NYSE UNP opened at $257.46 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. The business’s 50 day moving average is $263.79 and its two-hundred day moving average is $249.80. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $279.70. The firm has a market cap of $152.86 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.72 and a beta of 0.97.
Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period in the previous year, the firm posted $2.70 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Research analysts predict that Union Pacific Corporation will post 12.55 EPS for the current year.
Union Pacific Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio is presently 45.47%.
About Union Pacific
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.
See Also
- Five stocks we like better than Union Pacific
- 3 Retail Winners Using Cash Flow to Stay Ahead
- 3 Tech ETFs That Could Bounce Back After the AI Selloff
- 3 Penny Stocks Under $5 Backed by Real Revenue Growth
- 3 Non-Pharma Firms That Could Benefit From the GLP-1 Trend
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP – Free Report).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.
