Flputnam Investment Management Co. Lowers Stock Holdings in Union Pacific Corporation $UNP

Flputnam Investment Management Co. reduced its position in shares of Union Pacific Corporation (NYSE:UNP) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,641 shares of the railroad operator’s stock after selling 3,723 shares during the period. Flputnam Investment Management Co.’s holdings in Union Pacific were worth $27,213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC raised its stake in shares of Union Pacific by 40.4% in the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after acquiring an additional 665 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Union Pacific by 0.5% in the second quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after acquiring an additional 102 shares in the last quarter. Main Street Financial Solutions LLC raised its stake in shares of Union Pacific by 1.6% in the second quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock valued at $859,000 after acquiring an additional 58 shares in the last quarter. HUB Investment Partners LLC raised its stake in shares of Union Pacific by 10.0% in the second quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock valued at $1,401,000 after acquiring an additional 554 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Union Pacific by 7.4% in the second quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after acquiring an additional 105,664 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Up 2.1%

UNP opened at $271.54 on Wednesday. The business’s 50-day simple moving average is $254.81 and its 200-day simple moving average is $244.69. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. Union Pacific Corporation has a one year low of $210.84 and a one year high of $276.40. The stock has a market capitalization of $161.22 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter in the previous year, the firm earned $2.70 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. Analysts anticipate that Union Pacific Corporation will post 12.53 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.0%. Union Pacific’s payout ratio is 45.47%.

Insider Transactions at Union Pacific

In other news, EVP Eric J. Gehringer sold 1,999 shares of Union Pacific stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $234.93, for a total transaction of $469,625.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the sale, the chief financial officer owned 114,642 shares in the company, valued at $31,492,157.40. This trade represents a 1.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 31,386 shares of company stock worth $8,461,716. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

UNP has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $289.00 price objective (up from $273.00) on shares of Union Pacific in a research note on Friday, April 24th. Sanford C. Bernstein increased their price objective on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Evercore reiterated an “outperform” rating and issued a $277.00 price objective on shares of Union Pacific in a research note on Friday, April 24th. Wells Fargo & Company reiterated an “overweight” rating and issued a $300.00 price objective (up from $260.00) on shares of Union Pacific in a research note on Friday, April 24th. Finally, UBS Group reiterated a “neutral” rating and issued a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.47.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two?thirds of the United States.