Swarthmore Group Inc. raised its position in Union Pacific Co. (NYSE:UNP) by 1,189.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,632 shares of the railroad operator’s stock after purchasing an additional 37,482 shares during the quarter. Union Pacific accounts for approximately 2.4% of Swarthmore Group Inc.’s portfolio, making the stock its 16th largest holding. Swarthmore Group Inc.’s holdings in Union Pacific were worth $8,956,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Union Pacific during the 4th quarter worth approximately $1,403,262,000. FMR LLC raised its stake in Union Pacific by 22.8% during the 4th quarter. FMR LLC now owns 10,276,326 shares of the railroad operator’s stock valued at $2,139,736,000 after acquiring an additional 1,908,977 shares in the last quarter. Maj Invest Holding A S raised its stake in Union Pacific by 53.4% during the 4th quarter. Maj Invest Holding A S now owns 1,788,062 shares of the railroad operator’s stock valued at $372,308,000 after acquiring an additional 622,137 shares in the last quarter. Findlay Park Partners LLP bought a new stake in Union Pacific during the 4th quarter valued at $116,502,000. Finally, Morgan Stanley raised its stake in shares of Union Pacific by 10.6% in the 4th quarter. Morgan Stanley now owns 5,297,288 shares of the railroad operator’s stock worth $1,103,003,000 after buying an additional 509,251 shares in the last quarter. Institutional investors own 77.83% of the company’s stock.
UNP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on Union Pacific from $212.00 to $216.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 12th. BMO Capital Markets upped their price target on Union Pacific from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, April 23rd. Sanford C. Bernstein raised Union Pacific from a “market perform” rating to an “outperform” rating in a research report on Monday, January 11th. Vertical Research initiated coverage on Union Pacific in a research note on Friday, March 26th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Union Pacific from $239.00 to $252.00 and gave the company a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $217.57.
Shares of Union Pacific stock opened at $222.50 on Tuesday. Union Pacific Co. has a 1 year low of $147.05 and a 1 year high of $228.32. The stock has a market cap of $147.81 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 2.33 and a beta of 1.11. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.06 and a quick ratio of 0.93. The firm’s 50-day moving average is $219.89 and its two-hundred day moving average is $208.06.
Union Pacific (NYSE:UNP) last posted its earnings results on Wednesday, April 21st. The railroad operator reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.06). Union Pacific had a net margin of 27.40% and a return on equity of 31.71%. The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same period last year, the firm earned $2.15 earnings per share. Union Pacific’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities analysts expect that Union Pacific Co. will post 8.02 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, February 26th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.74%. The ex-dividend date was Thursday, February 25th. Union Pacific’s payout ratio is 46.30%.
In other news, EVP Elizabeth F. Whited sold 1,491 shares of the firm’s stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $215.00, for a total value of $320,565.00. Following the transaction, the executive vice president now directly owns 34,124 shares in the company, valued at approximately $7,336,660. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Todd M. Rynaski sold 7,698 shares of the firm’s stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $212.00, for a total value of $1,631,976.00. Following the sale, the vice president now owns 17,197 shares in the company, valued at $3,645,764. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.
About Union Pacific
Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.
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