Bank of Stockton purchased a new position in shares of Union Pacific Co. (NYSE:UNP) during the first quarter, Holdings Channel reports. The firm purchased 2,047 shares of the railroad operator’s stock, valued at approximately $341,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Union Pacific by 2.2% in the 4th quarter. BlackRock Inc. now owns 48,020,051 shares of the railroad operator’s stock valued at $6,637,811,000 after acquiring an additional 1,029,260 shares during the period. Oregon Public Employees Retirement Fund raised its position in Union Pacific by 18,524.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,738,808 shares of the railroad operator’s stock valued at $237,000 after purchasing an additional 32,563,028 shares during the last quarter. Geode Capital Management LLC raised its position in Union Pacific by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock valued at $1,330,401,000 after purchasing an additional 688,775 shares during the last quarter. Northern Trust Corp raised its position in Union Pacific by 3.4% in the 4th quarter. Northern Trust Corp now owns 8,284,737 shares of the railroad operator’s stock valued at $1,145,199,000 after purchasing an additional 270,547 shares during the last quarter. Finally, Norges Bank purchased a new stake in Union Pacific in the 4th quarter valued at $1,036,317,000. Hedge funds and other institutional investors own 81.37% of the company’s stock.
A number of brokerages have commented on UNP. Citigroup upped their price objective on shares of Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. BMO Capital Markets upped their price objective on shares of Union Pacific to $190.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Cowen restated an “outperform” rating and set a $187.00 price objective (up previously from $178.00) on shares of Union Pacific in a research report on Thursday, April 18th. Finally, Raymond James upped their price objective on shares of Union Pacific from $192.00 to $201.00 and gave the stock a “strong-buy” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Union Pacific has an average rating of “Buy” and an average target price of $175.35.
In related news, EVP Robert M. Knight, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $170.01, for a total value of $1,700,100.00. Following the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $16,141,259.43. The sale 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 stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.00, for a total transaction 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 $3,354,270. The disclosure for this sale can be found here. Insiders sold a total of 31,667 shares of company stock valued at $5,454,729 in the last quarter. Insiders own 9.96% of the company’s stock.
Shares of UNP opened at $177.16 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $126.84 billion, a PE ratio of 22.40, a P/E/G ratio of 1.98 and a beta of 1.11. Union Pacific Co. has a 52-week low of $128.08 and a 52-week high of $180.02.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.04. The business had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.51 billion. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 EPS. On average, equities research analysts forecast that Union Pacific Co. will post 9.06 EPS for the current fiscal year.
Union Pacific announced that its Board of Directors has approved 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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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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