Kidder Stephen W Grows Position in Union Pacific Co. (NYSE:UNP)

Kidder Stephen W boosted its stake in shares of Union Pacific Co. (NYSE:UNP) by 24.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,112 shares of the railroad operator’s stock after purchasing an additional 418 shares during the period. Kidder Stephen W’s holdings in Union Pacific were worth $357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in UNP. Norges Bank acquired a new stake in Union Pacific during the 4th quarter valued at approximately $1,036,317,000. FMR LLC lifted its stake in Union Pacific by 29.1% during 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. Ellis Investment Partners LLC lifted its stake in 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. Ronna Sue Cohen lifted its stake in Union Pacific by 15,456.0% during the 1st quarter. Ronna Sue Cohen now owns 1,298,301 shares of the railroad operator’s stock valued at $1,298,000 after acquiring an additional 1,289,955 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its stake in Union Pacific by 17,755.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 798,662 shares of the railroad operator’s stock valued at $79,866,000 after acquiring an additional 794,189 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.

In related news, Director William J. Delaney III purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average price of $174.06 per share, with a total value of $870,300.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $870,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The disclosure for this sale can be found here. 9.96% of the stock is currently owned by insiders.

Several brokerages have commented on UNP. Loop Capital lifted their price objective on shares of Union Pacific to $191.00 in a research note on Friday, July 19th. Zacks Investment Research upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price objective for the company in a research note on Monday, July 22nd. Atlantic Securities upgraded shares of Union Pacific from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $175.00 to $195.00 in a research note on Friday, July 26th. TD Securities lifted their price objective on shares of Union Pacific from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Finally, Sanford C. Bernstein set a $177.00 price objective on shares of Union Pacific and gave the company a “hold” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $182.62.

NYSE UNP traded down $1.49 on Friday, hitting $173.52. The company had a trading volume of 2,329,851 shares, compared to its average volume of 3,452,827. The stock has a market capitalization of $123.30 billion, a P/E ratio of 20.78, a PEG ratio of 1.95 and a beta of 1.04. The company’s fifty day moving average price is $171.19. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. Union Pacific Co. has a 12-month low of $128.08 and a 12-month high of $180.54.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping the consensus estimate of $2.12 by $0.10. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.98 EPS. As a group, equities research analysts predict that Union Pacific Co. will post 8.96 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s payout ratio is presently 44.50%.

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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