First Trust Advisors LP reduced its position in shares of Union Pacific Co. (NYSE:UNP) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 544,849 shares of the railroad operator’s stock after selling 9,660 shares during the quarter. First Trust Advisors LP owned about 0.08% of Union Pacific worth $91,099,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of UNP. BlackRock Inc. increased its holdings in Union Pacific by 2.2% during the 4th quarter. BlackRock Inc. now owns 48,020,051 shares of the railroad operator’s stock worth $6,637,811,000 after purchasing an additional 1,029,260 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Union Pacific by 18,524.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,738,808 shares of the railroad operator’s stock worth $237,000 after purchasing an additional 32,563,028 shares in the last quarter. FMR LLC increased its holdings in Union Pacific by 29.1% during the 1st quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock worth $2,712,416,000 after purchasing an additional 3,653,756 shares in the last quarter. Geode Capital Management LLC increased its holdings in Union Pacific by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock worth $1,330,401,000 after purchasing an additional 688,775 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Union Pacific by 3.4% during the 4th quarter. Northern Trust Corp now owns 8,284,737 shares of the railroad operator’s stock worth $1,145,199,000 after purchasing an additional 270,547 shares in the last quarter. 78.93% of the stock is currently owned by institutional investors and hedge funds.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 1,380 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $180.01, for a total transaction of $248,413.80. Following the completion of the transaction, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at $17,090,689.43. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rhonda S. Ferguson sold 11,485 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $175.00, for a total value of $2,009,875.00. Following the transaction, the executive vice president now directly owns 53,858 shares of the company’s stock, valued at $9,425,150. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,667 shares of company stock valued at $5,454,729. 9.96% of the stock is currently owned by corporate insiders.
A number of analysts have commented on UNP shares. Deutsche Bank set a $200.00 price objective on Union Pacific and gave the stock a “buy” rating in a report on Monday, April 22nd. ValuEngine raised Union Pacific from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Citigroup boosted their price objective on Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $190.00 to $170.00 in a report on Thursday, June 13th. Finally, Stifel Nicolaus set a $170.00 price objective on Union Pacific and gave the stock a “hold” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Union Pacific currently has an average rating of “Buy” and an average price target of $175.80.
UNP stock opened at $165.93 on Thursday. The company has a market capitalization of $117.18 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Co. has a 12-month low of $128.08 and a 12-month high of $180.02.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. The company had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.51 billion. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. Union Pacific’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. Analysts anticipate that Union Pacific Co. will post 9.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, May 30th. Union Pacific’s dividend payout ratio is presently 44.50%.
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About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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