Madison Asset Management LLC cut its position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 7.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,610 shares of the railroad operator’s stock after selling 4,459 shares during the quarter. Madison Asset Management LLC’s holdings in Union Pacific were worth $14,463,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Cambient Family Office LLC acquired a new position in shares of Union Pacific in the 4th quarter valued at about $1,319,000. First National Bank of Omaha lifted its position in shares of Union Pacific by 35.8% in the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after purchasing an additional 14,399 shares in the last quarter. North Dakota State Investment Board acquired a new stake in shares of Union Pacific during the fourth quarter worth approximately $4,746,000. Avanza Fonder AB acquired a new stake in shares of Union Pacific during the fourth quarter worth approximately $1,449,000. Finally, Sage Investment Advisers LLC purchased a new position in Union Pacific during the fourth quarter valued at approximately $997,000. 80.38% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
UNP has been the topic of several research reports. Benchmark reiterated a “buy” rating and issued a $325.00 price objective (up from $300.00) on shares of Union Pacific in a research note on Wednesday, July 15th. Stephens raised shares of Union Pacific to a “strong-buy” rating in a research note on Wednesday, July 8th. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a report on Monday, July 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $285.00 price target (up from $278.00) on shares of Union Pacific in a research note on Friday, April 24th. Finally, Sanford C. Bernstein increased their price objective on Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $299.11.
Insider Activity
In related news, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction 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 completion of the sale, the chief financial officer owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 32,378 shares of company stock worth $8,781,595. 0.22% of the stock is owned by corporate insiders.
Union Pacific Trading Down 1.1%
Shares of NYSE UNP opened at $293.07 on Wednesday. The business has a 50 day simple moving average of $273.12 and a 200 day simple moving average of $257.03. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $303.15. The stock has a market cap of $174.00 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 3.10 and a beta of 0.96. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92.
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 the consensus estimate of $2.86 by $0.07. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.70 earnings per share. On average, research analysts predict that Union Pacific Corporation will post 12.62 earnings per share for the current fiscal year.
Union Pacific Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a dividend of $1.38 per share. The ex-dividend date was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio (DPR) is currently 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.
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