DNB Asset Management AS Decreases Stock Position in Union Pacific Corporation $UNP

DNB Asset Management AS decreased its position in shares of Union Pacific Corporation (NYSE:UNP) by 10.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 165,345 shares of the railroad operator’s stock after selling 19,742 shares during the quarter. DNB Asset Management AS’s holdings in Union Pacific were worth $38,248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC increased its stake in shares of Union Pacific by 40.4% in the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after purchasing an additional 665 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in Union Pacific by 0.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after buying an additional 102 shares in the last quarter. Main Street Financial Solutions LLC raised its holdings in Union Pacific by 1.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock valued at $859,000 after acquiring an additional 58 shares during the period. HUB Investment Partners LLC boosted its holdings in shares of Union Pacific by 10.0% in the second quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock worth $1,401,000 after acquiring an additional 554 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Union Pacific by 7.4% in the second quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after purchasing an additional 105,664 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the sale, the executive vice president directly owned 61,102 shares in the company, valued at $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the transaction, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This represents a 1.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,386 shares of company stock worth $8,461,716 over the last three months. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $289.00 price objective (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Wells Fargo & Company reissued an “overweight” rating and issued a $300.00 price target (up from $260.00) on shares of Union Pacific in a report on Friday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Union Pacific from $267.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Finally, Raymond James Financial set a $310.00 price objective on shares of Union Pacific in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $280.47.

Union Pacific Price Performance

NYSE:UNP opened at $270.58 on Friday. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $274.79. The stock has a fifty day moving average of $252.29 and a 200 day moving average of $242.06. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The firm has a market capitalization of $160.65 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 2.86 and a beta of 0.99.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.07. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.70 EPS. On average, research analysts expect that Union Pacific Corporation will post 12.53 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business 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 $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.

About Union Pacific

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.