Fmr LLC Acquires 3,653,756 Shares of Union Pacific Co. (NYSE:UNP)

Fmr LLC raised its position in shares of Union Pacific Co. (NYSE:UNP) by 29.1% in the first quarter, HoldingsChannel.com reports. The firm owned 16,222,588 shares of the railroad operator’s stock after acquiring an additional 3,653,756 shares during the period. Fmr LLC’s holdings in Union Pacific were worth $2,712,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of UNP. Camarda Financial Advisors LLC boosted its stake in Union Pacific by 673.7% during the 1st quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 128 shares during the period. Squar Milner Financial Services LLC boosted its stake in Union Pacific by 368.6% during the 1st quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 129 shares during the period. Mackey Komara & Dankovich LLC acquired a new position in Union Pacific during the 1st quarter valued at about $29,000. Joseph P. Lucia & Associates LLC acquired a new position in Union Pacific during the 1st quarter valued at about $30,000. Finally, Clarfeld Financial Advisors LLC acquired a new position in Union Pacific during the 4th quarter valued at about $42,000. 78.93% of the stock is owned by hedge funds and other institutional investors.

In other Union Pacific news, Director William J. Delaney III bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $174.06 per share, for a total transaction of $870,300.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $870,300. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $180.01, for a total transaction of $248,413.80. Following the completion of the sale, the executive vice president now owns 94,943 shares in the company, valued at $17,090,689.43. The disclosure for this sale can be found here. Insiders sold a total of 31,667 shares of company stock worth $5,454,729 over the last quarter. Insiders own 9.96% of the company’s stock.

Shares of NYSE UNP traded down $2.12 during midday trading on Monday, reaching $164.88. The company’s stock had a trading volume of 808,004 shares, compared to its average volume of 2,706,800. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Co. has a one year low of $128.08 and a one year high of $180.02. The company has a market capitalization of $118.20 billion, a P/E ratio of 20.84, a PEG ratio of 1.84 and a beta of 1.09.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 18th. The railroad operator reported $1.93 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the previous year, the firm earned $1.68 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, analysts anticipate that Union Pacific Co. will post 9.06 earnings per share for the current year.

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 issued a $0.88 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.13%. Union Pacific’s payout ratio is currently 44.50%.

A number of research analysts have issued reports on the stock. Sanford C. Bernstein lowered shares of Union Pacific from an “outperform” rating to a “market perform” rating and set a $166.99 target price for the company. in a research note on Monday. Loop Capital lowered shares of Union Pacific from a “buy” rating to a “hold” rating and reduced their price target for the stock from $193.00 to $182.00 in a research note on Tuesday, March 19th. Citigroup upped their price target on shares of Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. BMO Capital Markets upped their price target on shares of Union Pacific to $190.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Finally, Deutsche Bank set a $200.00 price target on shares of Union Pacific and gave the stock a “buy” rating in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $175.30.

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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.

Further Reading: Understanding Average Daily Trade Volume

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

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