Legal & General Group Plc cut its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,518,302 shares of the railroad operator's stock after selling 1,239,515 shares during the quarter. Legal & General Group Plc owned 0.75% of Union Pacific worth $1,030,354,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Investment Advisors LLC boosted its holdings in shares of Union Pacific by 103.1% in the third quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator's stock valued at $8,770,000 after acquiring an additional 18,060 shares in the last quarter. abrdn plc lifted its position in Union Pacific by 9.3% in the fourth quarter. abrdn plc now owns 415,874 shares of the railroad operator's stock valued at $94,588,000 after purchasing an additional 35,414 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Union Pacific by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator's stock valued at $44,348,000 after purchasing an additional 4,939 shares during the period. Border to Coast Pensions Partnership Ltd boosted its holdings in Union Pacific by 24.2% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator's stock valued at $63,185,000 after purchasing an additional 53,946 shares in the last quarter. Finally, Pensionfund Sabic increased its position in Union Pacific by 61.5% during the 4th quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator's stock worth $2,394,000 after purchasing an additional 4,000 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Union Pacific news, EVP Craig V. Richardson sold 6,495 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the transaction, the executive vice president now directly owns 26,319 shares of the company's stock, valued at $6,632,388. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Elizabeth F. Whited sold 7,500 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was 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 disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.
Union Pacific Stock Down 0.4 %
Shares of Union Pacific stock traded down $0.89 on Friday, hitting $218.43. 2,964,945 shares of the company's stock traded hands, compared to its average volume of 2,519,860. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The firm's 50-day moving average is $237.48 and its 200 day moving average is $237.28. The stock has a market cap of $130.91 billion, a P/E ratio of 19.70, a PEG ratio of 2.15 and a beta of 1.06. Union Pacific Co. has a 52-week low of $204.66 and a 52-week high of $258.07.
Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, topping the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same quarter in the previous year, the business earned $2.71 EPS. Equities analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current year.
Union Pacific Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, February 28th. Union Pacific's dividend payout ratio (DPR) is presently 48.33%.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Guggenheim increased their price objective on Union Pacific from $266.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Stifel Nicolaus upped their target price on Union Pacific from $253.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Union Pacific in a report on Friday, March 7th. They set a "buy" rating and a $295.00 price target for the company. Susquehanna dropped their target price on Union Pacific from $265.00 to $255.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Finally, UBS Group decreased their price target on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Union Pacific presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.48.
Check Out Our Latest Report on UNP
Union Pacific Profile
(
Free Report)
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.
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