Sumitomo Mitsui Trust Holdings Inc. decreased its stake in shares of Union Pacific Co. (NYSE:UNP) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,785,772 shares of the railroad operator’s stock after selling 29,796 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Union Pacific were worth $471,102,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of UNP. Norges Bank acquired a new position in Union Pacific during the fourth quarter worth approximately $1,036,317,000. FMR LLC increased its position in Union Pacific by 29.1% during the first quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock worth $2,712,416,000 after purchasing an additional 3,653,756 shares during the last quarter. Ellis Investment Partners LLC increased its position in Union Pacific by 16,626.5% during the first quarter. Ellis Investment Partners LLC now owns 2,689,126 shares of the railroad operator’s stock worth $2,689,000 after purchasing an additional 2,673,049 shares during the last quarter. Ronna Sue Cohen increased its position in Union Pacific by 15,456.0% during the first quarter. Ronna Sue Cohen now owns 1,298,301 shares of the railroad operator’s stock worth $1,298,000 after purchasing an additional 1,289,955 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its position in Union Pacific by 17,755.2% during the second quarter. Thoroughbred Financial Services LLC now owns 798,662 shares of the railroad operator’s stock worth $79,866,000 after purchasing an additional 794,189 shares during the last quarter. 79.32% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on UNP shares. UBS Group set a $201.00 price target on shares of Union Pacific and gave the stock a “buy” rating in a research report on Friday, July 19th. Stifel Nicolaus set a $170.00 price objective on shares of Union Pacific and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Cascend Securities downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Raymond James set a $197.00 price objective on shares of Union Pacific and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Cowen reiterated a “buy” rating and set a $184.00 price objective on shares of Union Pacific in a research note on Thursday, July 18th. One equities 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. Union Pacific currently has a consensus rating of “Buy” and a consensus target price of $182.62.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.10. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.98 earnings per share. Sell-side analysts forecast that Union Pacific Co. will post 8.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a $0.97 dividend. The ex-dividend date is Thursday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a dividend yield of 2.33%. Union Pacific’s dividend payout ratio is 44.50%.
In other news, Director William J. Delaney III bought 5,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was acquired at an average cost of $174.06 per share, for a total transaction of $870,300.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $870,300. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 94,943 shares of the company’s stock, valued at $17,093,537.72. The disclosure for this sale can be found here. 9.96% of the stock is currently owned by corporate insiders.
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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