PNC Financial Services Group Inc. lowered its position in Union Pacific Corporation (NYSE:UNP – Free Report) by 3.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,206,875 shares of the railroad operator’s stock after selling 36,901 shares during the period. PNC Financial Services Group Inc.’s holdings in Union Pacific were worth $292,812,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in UNP. Key Financial Inc grew its stake in Union Pacific by 2.1% in the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after acquiring an additional 38 shares during the last quarter. Members Trust Co raised its position in Union Pacific by 2.5% during the first quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock worth $382,000 after acquiring an additional 38 shares during the last quarter. EJMK Ventures LLC lifted its holdings in shares of Union Pacific by 4.0% in the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock valued at $247,000 after purchasing an additional 39 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Union Pacific by 0.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 6,637 shares of the railroad operator’s stock valued at $1,535,000 after purchasing an additional 42 shares in the last quarter. Finally, Fairvoy Private Wealth LLC lifted its holdings in shares of Union Pacific by 3.8% in the first quarter. Fairvoy Private Wealth LLC now owns 1,156 shares of the railroad operator’s stock valued at $280,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
Union Pacific Stock Performance
Shares of NYSE UNP opened at $293.07 on Wednesday. The company has a market cap of $174.00 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 3.10 and a beta of 0.96. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $303.15. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. The company has a 50-day simple moving average of $273.12 and a 200-day simple moving average of $257.03.
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%.
Insider Buying and Selling at Union Pacific
In other Union Pacific news, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $31,492,157.40. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 32,378 shares of company stock worth $8,781,595. Insiders own 0.22% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the stock. Weiss Ratings cut shares of Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein upped their target price on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Benchmark reiterated a “buy” rating and set a $325.00 target price (up from $300.00) on shares of Union Pacific in a report on Wednesday, July 15th. Stephens raised Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Citigroup initiated coverage on Union Pacific in a report on Wednesday, July 15th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $299.11.
View Our Latest Research Report on UNP
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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