Natixis Advisors L.P. decreased its stake in Union Pacific Co. (NYSE:UNP) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,387 shares of the railroad operator’s stock after selling 8,026 shares during the period. Natixis Advisors L.P.’s holdings in Union Pacific were worth $23,829,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in UNP. Oregon Public Employees Retirement Fund increased 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 acquiring an additional 32,563,028 shares during the period. Matthew Goff Investment Advisor LLC increased its position in Union Pacific by 14,067.9% in the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 5,083,714 shares of the railroad operator’s stock valued at $35,882,000 after acquiring an additional 5,047,832 shares during the period. Capital International Investors increased its position in Union Pacific by 1,302.7% in the 3rd quarter. Capital International Investors now owns 4,801,143 shares of the railroad operator’s stock valued at $781,770,000 after acquiring an additional 4,458,858 shares during the period. Jennison Associates LLC increased its position in Union Pacific by 450.0% in the 4th quarter. Jennison Associates LLC now owns 5,134,698 shares of the railroad operator’s stock valued at $709,769,000 after acquiring an additional 4,201,086 shares during the period. Finally, Boston Partners increased its position in Union Pacific by 192.1% in the 4th quarter. Boston Partners now owns 2,449,175 shares of the railroad operator’s stock valued at $338,550,000 after acquiring an additional 1,610,779 shares during the period. 79.69% of the stock is currently owned by institutional investors and hedge funds.
UNP has been the topic of several analyst reports. Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Cowen upgraded Union Pacific from a “market perform” rating to an “outperform” rating and raised their target price for the company from $153.00 to $178.00 in a research report on Tuesday, January 8th. Loop Capital raised their target price on Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a research report on Thursday, January 24th. Credit Suisse Group lowered their target price on Union Pacific from $190.00 to $166.00 and set an “outperform” rating on the stock in a research report on Monday, January 7th. Finally, Argus raised their target price on Union Pacific to $175.00 and gave the company a “positive” rating in a research report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Union Pacific currently has an average rating of “Buy” and a consensus price target of $170.63.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.04. The business had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.51 billion. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $1.68 EPS. Equities research analysts predict that Union Pacific Co. will post 8.98 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 28th were paid a dividend of $0.88 per share. The ex-dividend date was Wednesday, February 27th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a dividend yield of 1.99%. Union Pacific’s dividend payout ratio (DPR) is currently 44.50%.
Union Pacific announced that its Board of Directors has approved a stock buyback program on Thursday, February 7th that allows the company to repurchase 150,000,000 shares. This repurchase authorization allows the railroad operator to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, EVP Robert M. Knight, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $170.01, for a total transaction of $1,700,100.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Todd M. Rynaski sold 8,802 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.00, for a total value of $1,496,340.00. Following the sale, the vice president now directly owns 19,731 shares of the company’s stock, valued at $3,354,270. The disclosure for this sale can be found here. Company insiders own 9.96% of the company’s stock.
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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