Pictet Asset Management Holding SA decreased its stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 657,418 shares of the railroad operator’s stock after selling 42,703 shares during the period. Pictet Asset Management Holding SA’s holdings in Union Pacific were worth $159,503,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of UNP. Rachor Investment Advisory Services LLC purchased a new position in shares of Union Pacific in the 4th quarter worth about $25,000. Tucker Asset Management LLC purchased a new stake in Union Pacific during the fourth quarter worth about $25,000. SWAN Capital LLC increased its holdings in Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after buying an additional 103 shares during the last quarter. High Point Wealth Management LLC bought a new stake in Union Pacific in the fourth quarter worth about $26,000. Finally, Caitlin John LLC bought a new stake in Union Pacific in the third quarter worth about $27,000. Institutional investors own 80.38% of the company’s stock.
Union Pacific Trading Up 0.5%
Shares of Union Pacific stock opened at $269.56 on Monday. The company’s 50-day moving average price is $265.05 and its 200-day moving average price is $250.92. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $279.70. The company has a market cap of $160.04 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.82 and a beta of 0.97.
Union Pacific Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 2.0%. Union Pacific’s payout ratio is 45.47%.
Insider Transactions at Union Pacific
In other news, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the transaction, the chief financial officer directly owned 114,642 shares in the company, valued at approximately $31,492,157.40. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares in the company, valued at $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 32,378 shares of company stock worth $8,781,595. 0.22% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
UNP has been the subject of a number of research reports. BMO Capital Markets reissued a “market perform” rating and set a $285.00 target price (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. Robert W. Baird set a $311.00 price objective on Union Pacific and gave the company an “outperform” rating in a research note on Friday, March 6th. Evercore reissued an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a report on Thursday. Raymond James Financial set a $310.00 target price on Union Pacific in a research report on Friday, April 24th. Finally, Weiss Ratings lowered Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $283.11.
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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