Triangle Securities Wealth Management Sells 2,290 Shares of Union Pacific Corporation $UNP

Triangle Securities Wealth Management decreased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 50.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,234 shares of the railroad operator’s stock after selling 2,290 shares during the period. Triangle Securities Wealth Management’s holdings in Union Pacific were worth $542,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in UNP. Vanguard Group Inc. boosted its position in Union Pacific by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator’s stock valued at $13,724,045,000 after buying an additional 659,378 shares during the last quarter. State Street Corp raised its position in shares of Union Pacific by 4.3% during the fourth quarter. State Street Corp now owns 26,330,080 shares of the railroad operator’s stock worth $6,090,674,000 after acquiring an additional 1,082,285 shares during the last quarter. Capital World Investors raised its position in shares of Union Pacific by 92.1% during the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after acquiring an additional 9,655,306 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Union Pacific by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock valued at $3,552,550,000 after acquiring an additional 296,814 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Union Pacific by 5.0% during the fourth quarter. Morgan Stanley now owns 12,636,050 shares of the railroad operator’s stock valued at $2,922,971,000 after acquiring an additional 602,647 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on UNP. 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 report on Friday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Wells Fargo & Company restated an “overweight” rating and issued a $300.00 price objective (up from $260.00) on shares of Union Pacific in a report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and issued a $294.00 price objective on shares of Union Pacific in a research note on Thursday. Finally, Sanford C. Bernstein lifted their target price on shares of Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $283.11.

Union Pacific Price Performance

Union Pacific stock opened at $267.61 on Friday. The firm has a market capitalization of $158.88 billion, a P/E ratio of 22.04, a PEG ratio of 2.76 and a beta of 0.97. The business has a 50-day moving average of $264.62 and a 200-day moving average of $250.68. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $279.70.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating the consensus estimate of $2.86 by $0.07. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.70 earnings per share. On average, equities analysts anticipate that Union Pacific Corporation will post 12.55 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed 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. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, May 29th. Union Pacific’s payout ratio is 45.47%.

Insider Activity at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction that occurred on 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 directly owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 32,378 shares of company stock worth $8,781,595. 0.22% of the stock is owned by company insiders.

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.