Glenview State Bank Trust DEPT. purchased a new stake in shares of Union Pacific Co. (NYSE:UNP) in the first quarter, according to its most recent filing with the SEC. The firm purchased 1,237 shares of the railroad operator’s stock, valued at approximately $207,000.
Several other hedge funds also recently bought and sold shares of UNP. Oregon Public Employees Retirement Fund lifted its position in shares of Union Pacific by 18,524.9% during 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 shares of Union Pacific during the 4th quarter valued at approximately $1,036,317,000. Jennison Associates LLC lifted its position in shares of Union Pacific by 450.0% during 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. Ellis Investment Partners LLC lifted its position in shares of Union Pacific by 16,626.5% during 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. Finally, Boston Partners lifted its position in shares of Union Pacific by 192.1% during 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. Institutional investors own 80.25% of the company’s stock.
A number of research firms have recently issued reports on UNP. BMO Capital Markets lifted their price target on shares of Union Pacific to $190.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Raymond James lifted 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 report on Monday, April 22nd. TD Securities lifted their price target on shares of Union Pacific from $170.00 to $180.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. ValuEngine raised shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Finally, Cowen reissued an “outperform” rating and set a $187.00 price objective (up from $178.00) on shares of Union Pacific in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $175.35.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.04. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The business had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same period last year, the company posted $1.68 EPS. The company’s revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts expect that Union Pacific Co. will post 9.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $3.52 annualized dividend and a yield of 2.04%. Union Pacific’s payout ratio is currently 44.50%.
Union Pacific announced that its board has approved a stock buyback program on Thursday, February 7th that permits the company to repurchase 150,000,000 shares. This repurchase authorization permits the railroad operator to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
In other Union Pacific news, VP Todd M. Rynaski sold 8,802 shares of Union Pacific stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.00, for a total value of $1,496,340.00. Following the completion of the sale, the vice president now directly owns 19,731 shares of the company’s stock, valued at approximately $3,354,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Delaney III bought 5,000 shares of the stock in a transaction on Monday, May 20th. The stock was purchased at an average cost of $174.06 per share, with a total value of $870,300.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $870,300. The disclosure for this purchase can be found here. Insiders sold a total of 31,667 shares of company stock valued at $5,454,729 over the last ninety days. 9.96% of the stock is owned by corporate insiders.
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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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