Rathbones Group PLC cut its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,343 shares of the railroad operator's stock after selling 1,702 shares during the period. Rathbones Group PLC's holdings in Union Pacific were worth $9,200,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Twin Capital Management Inc. increased its holdings in Union Pacific by 35.6% during the 4th quarter. Twin Capital Management Inc. now owns 4,537 shares of the railroad operator's stock worth $1,035,000 after purchasing an additional 1,190 shares in the last quarter. Invesco Ltd. boosted its position in shares of Union Pacific by 4.6% during the fourth quarter. Invesco Ltd. now owns 6,439,861 shares of the railroad operator's stock valued at $1,468,546,000 after buying an additional 285,401 shares during the last quarter. Trek Financial LLC grew its holdings in Union Pacific by 41.3% during the fourth quarter. Trek Financial LLC now owns 4,043 shares of the railroad operator's stock worth $922,000 after buying an additional 1,181 shares in the last quarter. Titleist Asset Management LLC raised its position in Union Pacific by 5.3% in the 4th quarter. Titleist Asset Management LLC now owns 3,960 shares of the railroad operator's stock valued at $903,000 after buying an additional 198 shares during the last quarter. Finally, Cascades Capital Asset Management LLC lifted its stake in Union Pacific by 6.2% during the 4th quarter. Cascades Capital Asset Management LLC now owns 1,518 shares of the railroad operator's stock valued at $346,000 after acquiring an additional 88 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 traded down $0.89 during mid-day trading on Friday, hitting $218.43. The company had a trading volume of 2,964,945 shares, compared to its average volume of 2,519,559. The stock's 50-day moving average price is $237.48 and its 200-day moving average price is $237.24. The company has a market capitalization of $130.91 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 2.15 and a beta of 1.06. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 1 year low of $204.66 and a 1 year high of $258.07.
Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, beating the consensus estimate 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 previous year, the firm earned $2.71 EPS. On average, sell-side analysts forecast that Union Pacific Co. will post 11.99 earnings per share for the current year.
Union Pacific Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, February 28th. Union Pacific's payout ratio is 48.33%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on UNP. Stifel Nicolaus increased their target price on shares of Union Pacific from $253.00 to $270.00 and gave the company a "buy" rating in a report on Friday, January 24th. TD Cowen increased their price objective on shares of Union Pacific from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Robert W. Baird lifted their target price on shares of Union Pacific from $260.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Raymond James reduced their target price on Union Pacific from $285.00 to $260.00 and set a "strong-buy" rating for the company in a report on Friday. Finally, Wells Fargo & Company dropped their price target on Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $258.48.
Check Out Our Latest Stock Analysis on UNP
Insider Activity
In related news, EVP Craig V. Richardson sold 6,495 shares of the business's stock in a transaction dated Monday, January 27th. The stock was 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 in the company, valued at $6,632,388. The trade was a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Elizabeth F. Whited sold 7,500 shares of the firm's stock in a transaction dated 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 completion of the sale, the president now directly owns 64,960 shares in the company, valued at approximately $16,240,000. The trade was a 10.35 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.28% of the company's stock.
About Union Pacific
(
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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