Blair William & Co. IL trimmed its stake in shares of Union Pacific Co. (NYSE:UNP) by 6.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 460,094 shares of the railroad operator’s stock after selling 31,154 shares during the period. Blair William & Co. IL owned about 0.07% of Union Pacific worth $64,892,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stonebridge Financial Planning Group LLC purchased a new stake in shares of Union Pacific during the fourth quarter valued at $41,000. IndexIQ Advisors LLC purchased a new stake in shares of Union Pacific during the fourth quarter valued at $44,000. Royal Fund Management LLC acquired a new position in Union Pacific during the first quarter valued at $35,000. Westside Investment Management Inc. acquired a new position in Union Pacific during the first quarter valued at $37,000. Finally, Carmichael Hill & Associates Inc. acquired a new position in Union Pacific during the fourth quarter valued at $54,000. 79.76% of the stock is owned by institutional investors and hedge funds.
In other Union Pacific news, COO Vincenzo J. Vena bought 3,206 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $155.92 per share, for a total transaction of $499,879.52. Following the purchase, the chief operating officer now directly owns 19,966 shares in the company, valued at $3,113,098.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Delaney III bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were acquired at an average price of $138.20 per share, with a total value of $2,073,000.00. Following the purchase, the director now owns 20,000 shares in the company, valued at $2,764,000. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.
UNP has been the topic of several recent analyst reports. UBS Group raised Union Pacific from a “neutral” rating to a “buy” rating and upped their price target for the company from $156.00 to $181.00 in a research report on Wednesday. Barclays dropped their price target on Union Pacific from $200.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Benchmark dropped their price target on Union Pacific from $206.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Evercore ISI initiated coverage on Union Pacific in a research report on Thursday, March 26th. They set an “outperform” rating and a $174.00 price target on the stock. Finally, Royal Bank of Canada dropped their price target on Union Pacific from $180.00 to $177.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $172.68.
Shares of NYSE UNP traded up $1.57 during mid-day trading on Friday, reaching $165.16. 1,704,326 shares of the company traded hands, compared to its average volume of 3,348,208. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.67 and a current ratio of 0.82. The stock has a market cap of $111.01 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07. The company’s fifty day moving average is $151.96 and its two-hundred day moving average is $165.94. Union Pacific Co. has a fifty-two week low of $105.08 and a fifty-two week high of $188.96.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.25. The business 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 firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.93 EPS. Research analysts forecast that Union Pacific Co. will post 7.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a dividend of $0.97 per share. The ex-dividend date is Thursday, May 28th. This represents a $3.88 annualized dividend and a yield of 2.35%. Union Pacific’s payout ratio is 46.30%.
About Union Pacific
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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