Parsons Capital Management Inc. RI raised its stake in Union Pacific Co. (NYSE:UNP) by 29.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,028 shares of the railroad operator’s stock after buying an additional 2,525 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Union Pacific were worth $1,844,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of Union Pacific by 2.2% during the 4th quarter. BlackRock Inc. now owns 48,020,051 shares of the railroad operator’s stock worth $6,637,811,000 after purchasing an additional 1,029,260 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Union Pacific by 18,524.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,738,808 shares of the railroad operator’s stock worth $237,000 after purchasing an additional 32,563,028 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Union Pacific by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock worth $1,330,401,000 after purchasing an additional 688,775 shares during the last quarter. Northern Trust Corp increased its stake in shares of Union Pacific by 3.4% during the 4th quarter. Northern Trust Corp now owns 8,284,737 shares of the railroad operator’s stock worth $1,145,199,000 after purchasing an additional 270,547 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Union Pacific during the 4th quarter worth $1,036,317,000. Hedge funds and other institutional investors own 80.25% of the company’s stock.
NYSE UNP opened at $172.65 on Friday. 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 firm has a market cap of $123.90 billion, a P/E ratio of 21.83, a PEG ratio of 1.93 and a beta of 1.11. Union Pacific Co. has a 1 year low of $128.08 and a 1 year high of $180.02.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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%. Union Pacific’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. On average, equities research analysts expect that Union Pacific Co. will post 9.07 earnings per share for the current year.
Union Pacific announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 7th that authorizes the company to repurchase 150,000,000 shares. This repurchase authorization authorizes the railroad operator to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, May 30th. Union Pacific’s dividend payout ratio (DPR) is presently 44.50%.
In other Union Pacific news, VP Todd M. Rynaski sold 8,802 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.00, for a total value of $1,496,340.00. Following the completion of the sale, the vice president now directly owns 19,731 shares of the company’s stock, valued at approximately $3,354,270. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Rhonda S. Ferguson sold 11,485 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $175.00, for a total transaction of $2,009,875.00. Following the completion of the sale, the executive vice president now directly owns 53,858 shares of the company’s stock, valued at $9,425,150. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,667 shares of company stock valued at $5,454,729. Insiders own 9.96% of the company’s stock.
Several research analysts have recently commented on the stock. Citigroup increased their price target on shares of Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. BMO Capital Markets increased their price target on shares of Union Pacific to $190.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Cowen restated an “outperform” rating and set a $187.00 price target (up previously from $178.00) on shares of Union Pacific in a research note on Thursday, April 18th. Finally, Stifel Nicolaus set a $170.00 price target on shares of Union Pacific and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. 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. The stock presently has a consensus rating of “Buy” and an average price target of $175.35.
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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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