Cigna Investments Inc. New grew its stake in Union Pacific Co. (NYSE:UNP) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,636 shares of the railroad operator’s stock after buying an additional 1,200 shares during the period. Cigna Investments Inc. New’s holdings in Union Pacific were worth $2,769,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Royal Fund Management LLC acquired a new stake in shares of Union Pacific in the first quarter valued at about $35,000. Westside Investment Management Inc. acquired a new stake in shares of Union Pacific in the first quarter valued at about $37,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at about $41,000. IndexIQ Advisors LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at about $44,000. Finally, Simon Quick Advisors LLC increased its stake in shares of Union Pacific by 90.5% in the first quarter. Simon Quick Advisors LLC now owns 360 shares of the railroad operator’s stock valued at $51,000 after buying an additional 171 shares during the period. 79.76% of the stock is owned by institutional investors.
Shares of UNP stock traded up $1.57 during trading hours on Friday, reaching $165.16. The company had a trading volume of 1,704,326 shares, compared to its average volume of 3,348,208. Union Pacific Co. has a 12 month low of $105.08 and a 12 month high of $188.96. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.82 and a quick ratio of 0.67. The business has a fifty day simple moving average of $151.96 and a 200-day simple moving average of $165.94. The company has a market cap of $111.01 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 23rd. The railroad operator reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.25. The company had revenue of $5.23 billion for the quarter, compared to analyst estimates 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 for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $1.93 earnings per share. On average, equities research analysts expect that Union Pacific Co. will post 7.7 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis 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 other Union Pacific news, Director William J. Delaney III purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was bought at an average cost of $138.20 per share, with a total value of $2,073,000.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $2,764,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Vincenzo J. Vena purchased 3,206 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $155.92 per share, with a total value of $499,879.52. Following the completion of the transaction, the chief operating officer now directly owns 19,966 shares of the company’s stock, valued at approximately $3,113,098.72. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.
Several equities research analysts recently commented on the company. Deutsche Bank decreased their target price on Union Pacific from $205.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Stephens raised their target price on Union Pacific from $167.00 to $176.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Raymond James decreased their target price on Union Pacific from $212.00 to $185.00 and set a “strong-buy” rating for the company in a research note on Friday, April 17th. Credit Suisse Group raised their target price on Union Pacific from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Morgan Stanley raised Union Pacific from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $139.00 to $125.00 in a research note on Monday, March 23rd. Eleven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $172.68.
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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