Rockefeller Capital Management L.P. Has $130.82 Million Stock Position in Union Pacific Corporation $UNP

Rockefeller Capital Management L.P. raised its position in Union Pacific Corporation (NYSE:UNP) by 29.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 565,523 shares of the railroad operator’s stock after buying an additional 129,761 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Union Pacific were worth $130,817,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of UNP. Cambient Family Office LLC bought a new stake in Union Pacific in the fourth quarter worth $1,319,000. Magellan Asset Management Ltd acquired a new position in Union Pacific during the third quarter worth $69,343,000. Jefferies Financial Group Inc. raised its holdings in Union Pacific by 1,581.2% during the third quarter. Jefferies Financial Group Inc. now owns 232,000 shares of the railroad operator’s stock valued at $54,838,000 after buying an additional 218,200 shares in the last quarter. North Dakota State Investment Board bought a new position in Union Pacific during the fourth quarter valued at about $4,746,000. Finally, First National Bank of Omaha lifted its position in shares of Union Pacific by 35.8% in the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after buying an additional 14,399 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 32,378 shares of company stock valued at $8,781,595. 0.22% of the stock is owned by company insiders.

Union Pacific Stock Up 0.2%

UNP stock opened at $257.46 on Friday. The stock has a market capitalization of $152.86 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 2.72 and a beta of 0.97. The company has a 50-day moving average of $263.79 and a two-hundred day moving average of $249.80. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $279.70. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter in the previous year, the firm earned $2.70 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Union Pacific Corporation will post 12.55 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued 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 2.1%. Union Pacific’s payout ratio is 45.47%.

Analyst Ratings Changes

Several research firms have recently issued reports on UNP. BMO Capital Markets reiterated a “market perform” rating and set a $285.00 price target (up from $278.00) on shares of Union Pacific in a research note on Friday, April 24th. Robert W. Baird set a $311.00 price objective on Union Pacific and gave the company an “outperform” rating in a research note on Friday, March 6th. Wells Fargo & Company restated an “overweight” rating and issued a $300.00 target price (up from $260.00) on shares of Union Pacific in a report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and set a $277.00 target price on shares of Union Pacific in a research report on Friday, April 24th. Finally, Raymond James Financial set a $310.00 price target on Union Pacific in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $282.21.

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.