Insider Buying: Union Pacific Co. (UNP) Director Acquires 5,000 Shares of Stock

Union Pacific Co. (NYSE:UNP) Director William J. Delaney III acquired 5,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $174.06 per share, for a total transaction of $870,300.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $870,300. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Union Pacific stock traded down $0.58 on Wednesday, reaching $174.46. 1,995,210 shares of the company were exchanged, compared to its average volume of 3,881,136. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $123.90 billion, a price-to-earnings ratio of 22.06, 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 earnings results on Thursday, April 18th. The railroad operator reported $1.93 EPS for the quarter, beating the consensus estimate of $1.89 by $0.04. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The firm had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period last year, the firm earned $1.68 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. Sell-side analysts predict that Union Pacific Co. will post 9.06 earnings per share for the current year.

Union Pacific announced that its board has approved a stock repurchase plan on Thursday, February 7th that allows the company to repurchase 150,000,000 outstanding shares. This repurchase authorization allows the railroad operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, May 30th. Union Pacific’s dividend payout ratio is currently 44.50%.

A number of institutional investors and hedge funds have recently bought and sold shares of 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. Norges Bank acquired a new stake in Union Pacific in the 4th quarter valued at approximately $1,036,317,000. 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. FMR LLC increased its position in Union Pacific by 29.1% in the 1st quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock valued at $2,712,416,000 after acquiring an additional 3,653,756 shares during the period. Finally, Ellis Investment Partners LLC increased its position in Union Pacific by 16,626.5% in the 1st quarter. Ellis Investment Partners LLC now owns 2,689,126 shares of the railroad operator’s stock valued at $2,689,000 after acquiring an additional 2,673,049 shares during the period. Hedge funds and other institutional investors own 81.28% of the company’s stock.

Several analysts have issued reports on UNP shares. Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. TD Securities upped their price objective on Union Pacific from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Loop Capital upped their price objective on Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a research note on Thursday, January 24th. Argus upped their price objective on Union Pacific to $175.00 and gave the company a “positive” rating in a research note on Friday, January 25th. Finally, Cowen restated a “buy” rating on shares of Union Pacific in a research note on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price 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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