MainStreet Investment Advisors LLC decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 31.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,722 shares of the railroad operator’s stock after selling 13,298 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Union Pacific were worth $4,051,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. TPI Fund Managers Ltd lifted its holdings in Union Pacific by 0.6% during the 1st quarter. TPI Fund Managers Ltd now owns 34,185 shares of the railroad operator’s stock worth $4,821,000 after buying an additional 203 shares in the last quarter. Fiduciary Group LLC lifted its holdings in Union Pacific by 2.0% during the 1st quarter. Fiduciary Group LLC now owns 53,957 shares of the railroad operator’s stock worth $7,610,000 after buying an additional 1,081 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. lifted its holdings in Union Pacific by 1.0% during the 1st quarter. Nan Shan Life Insurance Co. Ltd. now owns 251,000 shares of the railroad operator’s stock worth $35,401,000 after buying an additional 2,558 shares in the last quarter. InterOcean Capital LLC lifted its holdings in Union Pacific by 6.3% during the 1st quarter. InterOcean Capital LLC now owns 1,792 shares of the railroad operator’s stock worth $253,000 after buying an additional 106 shares in the last quarter. Finally, Tredje AP fonden lifted its holdings in Union Pacific by 14.9% during the 1st quarter. Tredje AP fonden now owns 51,382 shares of the railroad operator’s stock worth $6,375,000 after buying an additional 6,661 shares in the last quarter. 79.76% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the company. Credit Suisse Group upped their price objective on Union Pacific from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Raymond James cut their price target on Union Pacific from $212.00 to $185.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 17th. Deutsche Bank cut their price target on Union Pacific from $205.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Benchmark cut their price target on Union Pacific from $206.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Finally, Zacks Investment Research raised Union Pacific from a “sell” rating to a “hold” rating and set a $166.00 price target on the stock in a research note on Monday, April 27th. Eleven research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $172.68.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 23rd. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.25. The firm had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Union Pacific had a return on equity of 34.15% and a net margin of 27.85%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.93 EPS. As a group, equities research analysts forecast that Union Pacific Co. will post 7.7 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, May 28th. Union Pacific’s payout ratio is 46.30%.
In related news, Director William J. Delaney III acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was bought at an average price of $138.20 per share, for a total transaction of $2,073,000.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $2,764,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Vincenzo J. Vena acquired 3,206 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $155.92 per share, with a total value of $499,879.52. Following the acquisition, the chief operating officer now directly owns 19,966 shares in the company, valued at $3,113,098.72. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.
Union Pacific Company 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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