Goelzer Investment Management Inc. decreased its holdings in Union Pacific Co. (NYSE:UNP) by 13.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,582 shares of the railroad operator’s stock after selling 710 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Union Pacific were worth $616,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Mackenzie Financial Corp raised its position in shares of Union Pacific by 248.7% in the 4th quarter. Mackenzie Financial Corp now owns 2,156,861 shares of the railroad operator’s stock valued at $289,235,000 after purchasing an additional 1,538,325 shares in the last quarter. BlackRock Inc. raised its position in shares of Union Pacific by 2.8% during the 4th quarter. BlackRock Inc. now owns 52,135,522 shares of the railroad operator’s stock valued at $6,991,373,000 after acquiring an additional 1,434,475 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Union Pacific by 19.5% during the 4th quarter. TIAA CREF Investment Management LLC now owns 8,608,925 shares of the railroad operator’s stock valued at $1,154,457,000 after acquiring an additional 1,403,429 shares in the last quarter. Stifel Financial Corp raised its position in shares of Union Pacific by 4,512.7% during the 3rd quarter. Stifel Financial Corp now owns 1,182,095 shares of the railroad operator’s stock valued at $137,145,000 after acquiring an additional 1,156,468 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its position in shares of Union Pacific by 3,248.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,049,158 shares of the railroad operator’s stock valued at $140,691,000 after acquiring an additional 1,017,823 shares in the last quarter. Institutional investors own 79.01% of the company’s stock.
Shares of Union Pacific traded down $0.28, hitting $142.64, on Wednesday, MarketBeat Ratings reports. The company’s stock had a trading volume of 53,265 shares, compared to its average volume of 3,585,206. Union Pacific Co. has a 12 month low of $101.06 and a 12 month high of $146.73. The stock has a market cap of $111.75 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.65 and a current ratio of 0.82.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 26th. The railroad operator reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.02. Union Pacific had a return on equity of 22.16% and a net margin of 50.73%. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the prior year, the business posted $1.32 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. equities research analysts predict that Union Pacific Co. will post 7.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 31st will be paid a $0.73 dividend. The ex-dividend date is Wednesday, May 30th. This represents a $2.92 annualized dividend and a dividend yield of 2.05%. Union Pacific’s payout ratio is 50.43%.
UNP has been the topic of several research reports. Zacks Investment Research lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Argus upped their price target on Union Pacific from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Morgan Stanley upped their price target on Union Pacific from $105.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Robert W. Baird reissued a “hold” rating and set a $148.00 price target on shares of Union Pacific in a research report on Tuesday, April 10th. Finally, ValuEngine raised Union Pacific from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $138.95.
In other news, EVP Elizabeth F. Whited sold 15,576 shares of the stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $133.79, for a total value of $2,083,913.04. Following the completion of the transaction, the executive vice president now owns 65,613 shares of the company’s stock, valued at $8,778,363.27. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert M. Knight, Jr. sold 25,000 shares of the company’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $137.39, for a total value of $3,434,750.00. Following the completion of the sale, the chief financial officer now owns 106,518 shares of the company’s stock, valued at approximately $14,634,508.02. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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