Levin Capital Strategies L.P. reduced its position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 11.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,381 shares of the railroad operator’s stock after selling 13,259 shares during the period. Union Pacific accounts for approximately 1.9% of Levin Capital Strategies L.P.’s portfolio, making the stock its 11th largest position. Levin Capital Strategies L.P.’s holdings in Union Pacific were worth $25,082,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Union Pacific by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator’s stock valued at $13,724,045,000 after purchasing an additional 659,378 shares during the period. State Street Corp lifted its holdings in Union Pacific by 4.3% in the 4th quarter. State Street Corp now owns 26,330,080 shares of the railroad operator’s stock worth $6,090,674,000 after buying an additional 1,082,285 shares during the period. Capital World Investors grew its position in shares of Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after buying an additional 9,655,306 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Union Pacific by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock worth $3,552,550,000 after buying an additional 296,814 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Union Pacific by 5.0% during the fourth quarter. Morgan Stanley now owns 12,636,050 shares of the railroad operator’s stock valued at $2,922,971,000 after buying an additional 602,647 shares during the period. 80.38% of the stock is owned by institutional investors.
Insider Transactions at Union Pacific
In related news, CFO Jennifer L. Hamann sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was 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 directly owned 61,102 shares in the company, valued at approximately $16,605,079.52. The trade was a 30.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,378 shares of company stock worth $8,781,595 in the last quarter. Company insiders own 0.22% of the company’s stock.
More Union Pacific News
- Positive Sentiment: Union Pacific and CN announced a binding agreement tied to Union Pacific’s proposed Norfolk Southern merger, including expanded operating rights in Chicago and new access routes that could improve network efficiency and customer service. The deal may help support regulatory approval by addressing competitive access concerns and could create longer-term synergies if the merger goes through. Union Pacific and CN Reach Agreement to Expand Customer Opportunities in Connection with Merger
- Positive Sentiment: The agreement also gives Union Pacific expanded operating rights over CN’s EJ&E corridor in Chicago, which CEO Jim Vena said offers a faster route around the city and may improve rail flow, reliability, and operating efficiency. Union Pacific and CN Announce Agreement to Improve North American Rail Connectivity
- Neutral Sentiment: CN will not oppose the proposed Union Pacific-Norfolk Southern transaction and both companies will work through the Surface Transportation Board process, leaving some execution and approval risk until regulators make a decision. Union Pacific and CN Announce Agreement to Improve North American Rail Connectivity
- Neutral Sentiment: Union Pacific is also due to report second-quarter earnings, which may keep investor focus on whether the company can back up the merger optimism with solid near-term financial results. Union Pacific to post Q2 earnings amid merger push
Union Pacific Stock Down 0.3%
Union Pacific stock opened at $292.15 on Thursday. Union Pacific Corporation has a one year low of $210.84 and a one year high of $303.15. The stock has a fifty day moving average of $273.68 and a 200 day moving average of $257.46. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The stock has a market cap of $173.45 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 3.07 and a beta of 0.96.
Union Pacific (NYSE:UNP – Get Free Report) last announced its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.07. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm posted $2.70 earnings per share. As a group, sell-side analysts predict that Union Pacific Corporation will post 12.62 EPS for the current year.
Union Pacific Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Union Pacific’s dividend payout ratio is 45.47%.
Wall Street Analysts Forecast Growth
UNP has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Union Pacific from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $289.00 price objective (up from $273.00) on shares of Union Pacific in a research report on Friday, April 24th. TD Cowen raised their target price on shares of Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Susquehanna boosted their price objective on shares of Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Finally, Benchmark reiterated a “buy” rating and set a $325.00 price target (up from $300.00) on shares of Union Pacific in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $299.11.
Read Our Latest Stock Analysis on Union Pacific
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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