Virginia Retirement Systems ET AL reduced its position in shares of Union Pacific Co. (NYSE:UNP) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,300 shares of the railroad operator’s stock after selling 1,200 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Union Pacific were worth $31,843,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Camarda Financial Advisors LLC grew its holdings in shares of 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 acquiring an additional 128 shares in the last quarter. Squar Milner Financial Services LLC grew its holdings in shares of 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 acquiring an additional 129 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new position in shares of Union Pacific during the 1st quarter valued at $29,000. Joseph P. Lucia & Associates LLC purchased a new position in shares of Union Pacific during the 1st quarter valued at $30,000. Finally, Manchester Financial Inc. purchased a new position in shares of Union Pacific during the 2nd quarter valued at $39,000. 79.32% of the stock is currently owned by institutional investors.
NYSE:UNP traded up $1.34 during trading hours on Tuesday, reaching $168.18. The company’s stock had a trading volume of 119,870 shares, compared to its average volume of 3,439,046. The company has a market cap of $122.25 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04. Union Pacific Co. has a one year low of $128.08 and a one year high of $180.54. The business has a 50-day moving average of $171.47. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 2.31%. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s dividend payout ratio is 44.50%.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares in the company, valued at $17,093,537.72. 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 purchased 5,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $174.06 per share, with a total value of $870,300.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $870,300. The disclosure for this purchase can be found here. 9.96% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on UNP shares. Credit Suisse Group set a $203.00 price target on shares of Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. UBS Group set a $201.00 price target on shares of Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. Morgan Stanley set a $140.00 price target on shares of Union Pacific and gave the company a “sell” rating in a report on Friday, July 19th. Stifel Nicolaus set a $170.00 price target on shares of Union Pacific and gave the company a “hold” rating in a report on Tuesday, April 23rd. Finally, Cowen restated a “buy” rating and set a $184.00 price target on shares of Union Pacific in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $182.62.
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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