Sciencast Management LP Purchases New Stake in Union Pacific Co. (UNP)

Share on StockTwits

Sciencast Management LP purchased a new position in shares of Union Pacific Co. (NYSE:UNP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,491 shares of the railroad operator’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UNP. Schwab Charles Investment Management Inc. lifted its position in Union Pacific by 69.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,019,393 shares of the railroad operator’s stock worth $674,758,000 after acquiring an additional 2,049,128 shares during the period. Mackenzie Financial Corp lifted its position in Union Pacific by 248.7% during the 4th quarter. Mackenzie Financial Corp now owns 2,156,861 shares of the railroad operator’s stock worth $289,235,000 after acquiring an additional 1,538,325 shares during the period. BlackRock Inc. lifted its position in Union Pacific by 2.8% during the 4th quarter. BlackRock Inc. now owns 52,135,522 shares of the railroad operator’s stock worth $6,991,373,000 after acquiring an additional 1,434,475 shares during the period. TIAA CREF Investment Management LLC lifted its position in Union Pacific by 19.5% during the 4th quarter. TIAA CREF Investment Management LLC now owns 8,608,925 shares of the railroad operator’s stock worth $1,154,457,000 after acquiring an additional 1,403,429 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its position in Union Pacific by 3,248.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,049,158 shares of the railroad operator’s stock worth $140,691,000 after acquiring an additional 1,017,823 shares during the period. 78.71% of the stock is owned by institutional investors.

Shares of Union Pacific stock opened at $142.81 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 0.64. Union Pacific Co. has a twelve month low of $101.06 and a twelve month high of $148.33. The stock has a market capitalization of $112.88 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 1.80 and a beta of 0.80.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 26th. The railroad operator reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.02. Union Pacific had a return on equity of 22.16% and a net margin of 50.73%. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the business earned $1.32 EPS. Union Pacific’s revenue for the quarter was up 6.7% compared to the same quarter last year. analysts forecast that Union Pacific Co. will post 7.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, May 31st will be paid a $0.73 dividend. The ex-dividend date is Wednesday, May 30th. This represents a $2.92 annualized dividend and a dividend yield of 2.04%. Union Pacific’s dividend payout ratio is presently 50.43%.

In related news, EVP Elizabeth F. Whited sold 15,576 shares of Union Pacific stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $133.79, for a total value of $2,083,913.04. Following the completion of the transaction, the executive vice president now owns 65,613 shares in the company, valued at approximately $8,778,363.27. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

A number of analysts have commented on the company. Robert W. Baird lifted their price target on Union Pacific from $144.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, June 4th. TD Securities lifted their price target on Union Pacific from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, June 1st. Scotiabank lifted their price objective on Union Pacific from $148.00 to $153.00 and gave the company a “sector perform” rating in a research note on Friday, June 1st. Credit Suisse Group lifted their price objective on Union Pacific from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, June 1st. Finally, BMO Capital Markets lifted their price objective on Union Pacific from $158.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, June 1st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $146.70.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).

Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply