Precision Path Capital LP Has $30.41 Million Position in Union Pacific Co. (UNP)

Precision Path Capital LP raised its stake in Union Pacific Co. (NYSE:UNP) by 423.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 220,000 shares of the railroad operator’s stock after buying an additional 178,000 shares during the quarter. Union Pacific comprises approximately 13.0% of Precision Path Capital LP’s investment portfolio, making the stock its 2nd biggest holding. Precision Path Capital LP’s holdings in Union Pacific were worth $30,411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Paradigm Financial Partners LLC acquired a new position in Union Pacific during the fourth quarter worth $912,000. Winthrop Partners WNY LLC increased its holdings in shares of Union Pacific by 30.6% in the third quarter. Winthrop Partners WNY LLC now owns 7,155 shares of the railroad operator’s stock valued at $1,165,000 after purchasing an additional 1,676 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Union Pacific by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 1,340,870 shares of the railroad operator’s stock valued at $185,348,000 after purchasing an additional 24,984 shares during the last quarter. Segment Wealth Management LLC increased its holdings in shares of Union Pacific by 5.9% in the fourth quarter. Segment Wealth Management LLC now owns 32,454 shares of the railroad operator’s stock valued at $4,486,000 after purchasing an additional 1,820 shares during the last quarter. Finally, Claybrook Capital LLC acquired a new position in shares of Union Pacific in the fourth quarter valued at $85,000. 79.63% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:UNP traded down $1.35 on Thursday, reaching $175.49. 2,159,272 shares of the stock traded hands, compared to its average volume of 4,104,063. The company has a market capitalization of $125.10 billion, a PE ratio of 22.19, a P/E/G ratio of 1.95 and a beta of 1.11. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.74 and a current ratio of 0.75. Union Pacific Co. has a 1-year low of $126.37 and a 1-year high of $179.55.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 EPS. Research analysts predict that Union Pacific Co. will post 9.05 EPS for the current year.

Union Pacific declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 7th that authorizes the company to buyback 150,000,000 outstanding shares. This buyback authorization authorizes the railroad operator to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 28th were given a dividend of $0.88 per share. This is an increase from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $3.52 annualized dividend and a dividend yield of 2.01%. Union Pacific’s dividend payout ratio (DPR) is 44.50%.

In other news, VP Todd M. Rynaski sold 8,802 shares of the firm’s stock in a transaction that occurred on 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 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 accessible through this link. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $170.01, for a total value of $1,700,100.00. Following the completion of the transaction, the executive vice president now owns 94,943 shares in the company, valued at $16,141,259.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,287 shares of company stock valued at $5,206,315. Insiders own 9.96% of the company’s stock.

UNP has been the topic of several research reports. Royal Bank of Canada upgraded shares of Union Pacific from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Cowen restated an “outperform” rating and issued a $187.00 price target (up from $178.00) on shares of Union Pacific in a research note on Thursday, April 18th. ValuEngine downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Raymond James upped their price target on shares of Union Pacific from $192.00 to $201.00 and gave the company a “strong-buy” rating in a research note on Monday. Finally, Zacks Investment Research downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $175.35.

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Union Pacific 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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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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