Bessemer Group Inc. Sells 16,508 Shares of Union Pacific Co. (NYSE:UNP)

Bessemer Group Inc. decreased its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 536,489 shares of the railroad operator's stock after selling 16,508 shares during the quarter. Bessemer Group Inc. owned 0.09% of Union Pacific worth $122,342,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Union Pacific by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock worth $3,282,305,000 after purchasing an additional 1,616,895 shares during the last quarter. Norges Bank acquired a new stake in shares of Union Pacific during the fourth quarter worth approximately $1,927,377,000. Franklin Resources Inc. boosted its holdings in shares of Union Pacific by 5.0% in the 4th quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator's stock worth $1,752,804,000 after acquiring an additional 363,937 shares in the last quarter. Invesco Ltd. increased its holdings in Union Pacific by 4.6% during the 4th quarter. Invesco Ltd. now owns 6,439,861 shares of the railroad operator's stock valued at $1,468,546,000 after purchasing an additional 285,401 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Union Pacific by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 6,305,684 shares of the railroad operator's stock valued at $1,437,948,000 after purchasing an additional 20,099 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

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Union Pacific Trading Down 0.2 %

Shares of UNP traded down $0.44 during mid-day trading on Tuesday, reaching $221.83. 851,052 shares of the company were exchanged, compared to its average volume of 2,515,946. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77. Union Pacific Co. has a 52 week low of $204.66 and a 52 week high of $258.07. The business has a 50 day simple moving average of $237.03 and a two-hundred day simple moving average of $237.08. The stock has a market capitalization of $132.95 billion, a PE ratio of 20.00, a PEG ratio of 2.15 and a beta of 1.06.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same quarter in the prior year, the company posted $2.71 earnings per share. On average, analysts predict that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, February 28th. Union Pacific's payout ratio is 48.33%.

Wall Street Analyst Weigh In

UNP has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on shares of Union Pacific from $260.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Loop Capital downgraded shares of Union Pacific from a "hold" rating to a "sell" rating and lowered their target price for the company from $265.00 to $200.00 in a research note on Monday, February 3rd. Raymond James dropped their price target on Union Pacific from $285.00 to $260.00 and set a "strong-buy" rating on the stock in a research report on Friday. Jefferies Financial Group dropped their price target on Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, BMO Capital Markets boosted their price objective on shares of Union Pacific from $275.00 to $277.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Union Pacific presently has an average rating of "Moderate Buy" and a consensus target price of $257.43.

Insider Buying and Selling

In other news, President Elizabeth F. Whited sold 7,500 shares of the company's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the transaction, the president now owns 64,960 shares of the company's stock, valued at approximately $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $252.00, for a total value of $1,636,740.00. Following the completion of the transaction, the executive vice president now directly owns 26,319 shares in the company, valued at approximately $6,632,388. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.