Bank of New York Mellon Corp lessened its holdings in Union Pacific Corporation (NYSE:UNP – Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,610,494 shares of the railroad operator’s stock after selling 129,883 shares during the period. Bank of New York Mellon Corp’s holdings in Union Pacific were worth $875,978,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Rachor Investment Advisory Services LLC acquired a new position in shares of Union Pacific during the 4th quarter worth approximately $25,000. Tucker Asset Management LLC acquired a new stake in Union Pacific during the 4th quarter valued at $25,000. SWAN Capital LLC grew its holdings in Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after buying an additional 103 shares during the last quarter. High Point Wealth Management LLC purchased a new position in Union Pacific during the fourth quarter worth $26,000. Finally, Saranac Partners Ltd purchased a new position in Union Pacific during the third quarter worth $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently issued reports on UNP. TD Cowen upped their price objective on Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Barclays reiterated an “overweight” rating and set a $315.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. Evercore reissued an “outperform” rating and issued a $294.00 target price on shares of Union Pacific in a research note on Thursday, June 25th. Stephens upgraded shares of Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Union Pacific from $275.00 to $304.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $299.11.
Insider Buying and Selling at Union Pacific
In other news, EVP Kenyatta G. Rocker sold 27,387 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This represents a 30.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 owned 114,642 shares in the company, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 32,378 shares of company stock worth $8,781,595 in the last 90 days. 0.22% of the stock is owned by company insiders.
Union Pacific Trading Up 0.1%
Shares of Union Pacific stock opened at $288.68 on Thursday. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $291.66. The business’s fifty day moving average is $270.51 and its two-hundred day moving average is $255.22. 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 firm has a market cap of $171.39 billion, a PE ratio of 23.78, a P/E/G ratio of 3.02 and a beta of 0.96.
Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.70 earnings per share. Analysts anticipate that Union Pacific Corporation will post 12.62 earnings per share for the current year.
Union Pacific Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were issued a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.9%. Union Pacific’s payout ratio is 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.
Read More
- Five stocks we like better than Union Pacific
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
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.
