Y.D. More Investments Ltd purchased a new position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,070 shares of the railroad operator’s stock, valued at approximately $3,717,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitlin John LLC purchased a new position in shares of Union Pacific in the 3rd quarter worth approximately $27,000. Saranac Partners Ltd purchased a new stake in shares of Union Pacific during the third quarter valued at approximately $27,000. Howard Hughes Medical Institute bought a new stake in Union Pacific during the second quarter worth $30,000. Total Investment Management Inc. bought a new stake in Union Pacific during the second quarter worth $31,000. Finally, Stephens Consulting LLC boosted its position in Union Pacific by 48.4% in the fourth quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.
Insider Activity at Union Pacific
In related news, EVP Eric J. Gehringer sold 1,999 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $234.93, for a total value of $469,625.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.
Union Pacific Stock Down 0.1%
Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.06). The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $2.91 EPS. On average, equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.
Union Pacific Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were given a $1.38 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific’s payout ratio is 46.12%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on UNP. Sanford C. Bernstein raised their target price on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. BMO Capital Markets restated a “market perform” rating and set a $295.00 price target on shares of Union Pacific in a research report on Thursday, February 19th. The Goldman Sachs Group restated a “neutral” rating and set a $267.00 price objective on shares of Union Pacific in a report on Tuesday, January 27th. Citigroup reaffirmed a “buy” rating and issued a $270.00 price objective (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. Finally, Robert W. Baird set a $311.00 target price on shares of Union Pacific and gave the company an “outperform” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $265.18.
Get Our Latest Stock Report on UNP
Union Pacific Profile
Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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