Financial Advocates Investment Management decreased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,740 shares of the railroad operator’s stock after selling 488 shares during the period. Financial Advocates Investment Management’s holdings in Union Pacific were worth $1,070,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. Oregon Public Employees Retirement Fund increased its position 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 during the period. Matthew Goff Investment Advisor LLC increased its position in Union Pacific by 14,067.9% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 5,083,714 shares of the railroad operator’s stock worth $35,882,000 after purchasing an additional 5,047,832 shares during the period. Jennison Associates LLC increased its position in Union Pacific by 450.0% during the 4th quarter. Jennison Associates LLC now owns 5,134,698 shares of the railroad operator’s stock worth $709,769,000 after purchasing an additional 4,201,086 shares during the period. Boston Partners increased its position in Union Pacific by 192.1% during the 4th quarter. Boston Partners now owns 2,449,175 shares of the railroad operator’s stock worth $338,550,000 after purchasing an additional 1,610,779 shares during the period. Finally, Commonwealth Bank of Australia increased its position in Union Pacific by 1,646.9% during the 4th quarter. Commonwealth Bank of Australia now owns 1,370,614 shares of the railroad operator’s stock worth $189,445,000 after purchasing an additional 1,292,152 shares during the period. Institutional investors own 79.69% of the company’s stock.
In related news, VP Todd M. Rynaski sold 8,802 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.00, for a total value of $1,496,340.00. Following the sale, the vice president now owns 19,731 shares of the company’s stock, valued at approximately $3,354,270. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $170.01, for a total value of $1,700,100.00. Following the completion of the sale, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $16,141,259.43. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
UNP stock opened at $167.98 on Wednesday. Union Pacific Co. has a 1 year low of $126.37 and a 1 year high of $172.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.90. The company has a market capitalization of $120.98 billion, a P/E ratio of 21.24, a P/E/G ratio of 1.88 and a beta of 1.11.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, January 24th. The railroad operator reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.06. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. The firm had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the prior year, the company earned $1.53 EPS. Union Pacific’s revenue was up 5.6% on a year-over-year basis. Analysts expect that Union Pacific Co. will post 9 earnings per share for the current year.
Union Pacific announced that its board has initiated a share repurchase plan on Thursday, February 7th that authorizes the company to repurchase 150,000,000 outstanding shares. This repurchase authorization authorizes the railroad operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 28th were paid a $0.88 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $3.52 dividend on an annualized basis and a yield of 2.10%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. Union Pacific’s dividend payout ratio is presently 44.50%.
A number of equities research analysts recently weighed in on the company. Loop Capital cut Union Pacific from a “buy” rating to a “hold” rating and lowered their price target for the stock from $193.00 to $182.00 in a report on Tuesday, March 19th. Scotiabank upgraded Union Pacific from a “sector perform” rating to an “outperform” rating and lowered their price target for the stock from $175.00 to $165.00 in a report on Monday, January 7th. Citigroup upped their price target on Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Seaport Global Securities upgraded Union Pacific from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Tuesday, January 8th. Finally, Atlantic Securities assumed coverage on Union Pacific in a report on Tuesday, January 8th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. Union Pacific presently has a consensus rating of “Buy” and an average target price of $170.16.
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Union Pacific Profile
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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