MUFG Securities EMEA plc raised its holdings in Union Pacific Co. (NYSE:UNP) by 378.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,000 shares of the railroad operator’s stock after buying an additional 75,953 shares during the period. MUFG Securities EMEA plc’s holdings in Union Pacific were worth $13,270,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Private Ocean LLC bought a new position in shares of Union Pacific during the fourth quarter worth approximately $25,000. Gradient Investments LLC increased its stake in shares of Union Pacific by 117.1% during the fourth quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock worth $33,000 after purchasing an additional 130 shares during the period. Tributary Capital Management LLC bought a new position in shares of Union Pacific during the fourth quarter worth approximately $42,000. Clarfeld Financial Advisors LLC bought a new position in shares of Union Pacific during the fourth quarter worth approximately $42,000. Finally, Essex Investment Management Co. LLC bought a new position in shares of Union Pacific during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Loop Capital lowered Union Pacific from a “buy” rating to a “hold” rating and lowered their target price for the stock from $193.00 to $182.00 in a research note on Tuesday, March 19th. Scotiabank upgraded Union Pacific from a “sector perform” rating to an “outperform” rating and lowered their target price for the stock from $175.00 to $165.00 in a research note on Monday, January 7th. Citigroup increased their target price on Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Seaport Global Securities upgraded Union Pacific from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Tuesday, January 8th. Finally, Atlantic Securities assumed coverage on Union Pacific in a research note on Tuesday, January 8th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $170.16.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $170.01, for a total transaction of $1,700,100.00. Following the transaction, the executive vice president now owns 94,943 shares in the company, valued at approximately $16,141,259.43. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Todd M. Rynaski sold 8,802 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.00, for a total value of $1,496,340.00. Following the completion of the sale, the vice president now directly owns 19,731 shares in the company, valued at approximately $3,354,270. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.
Union Pacific stock opened at $169.28 on Thursday. Union Pacific Co. has a one year low of $126.37 and a one 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 firm has a market cap of $121.43 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 1.87 and a beta of 1.11.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, January 24th. The railroad operator reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate 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 last year, the company earned $1.53 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Equities research analysts expect that Union Pacific Co. will post 8.98 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 28th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Wednesday, February 27th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. Union Pacific’s dividend payout ratio (DPR) is 44.50%.
Union Pacific announced that its Board of Directors has authorized a share buyback plan on Thursday, February 7th that allows the company to repurchase 150,000,000 outstanding shares. This repurchase authorization allows the railroad operator to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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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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