Viking Global Investors LP purchased a new position in Union Pacific Co. (NYSE:UNP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 291,533 shares of the railroad operator’s stock, valued at approximately $39,095,000.
A number of other hedge funds have also bought and sold shares of UNP. Acropolis Investment Management LLC purchased a new stake in shares of Union Pacific during the 4th quarter worth approximately $107,000. Icon Wealth Partners LLC purchased a new stake in shares of Union Pacific during the 4th quarter worth approximately $119,000. Exane Derivatives raised its holdings in shares of Union Pacific by 55,600.0% during the 4th quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock worth $149,000 after acquiring an additional 1,112 shares in the last quarter. Aevitas Wealth Management Inc. purchased a new stake in shares of Union Pacific during the 4th quarter worth approximately $185,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Union Pacific during the 4th quarter worth approximately $200,000. Institutional investors and hedge funds own 79.94% of the company’s stock.
UNP has been the topic of several recent research reports. Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Barclays reaffirmed a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a report on Wednesday, December 13th. Scotiabank set a $150.00 price objective on Union Pacific and gave the stock a “hold” rating in a report on Thursday, January 11th. Argus upped their price objective on Union Pacific from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Morgan Stanley upped their price objective on Union Pacific from $105.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. Union Pacific has a consensus rating of “Hold” and a consensus target price of $136.10.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, January 25th. The railroad operator reported $1.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.44 billion. Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $1.39 EPS. equities analysts expect that Union Pacific Co. will post 7.58 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th were given a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Tuesday, February 27th. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s dividend payout ratio is 50.43%.
In other Union Pacific news, EVP Elizabeth F. Whited sold 15,576 shares of the company’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $133.79, for a total value of $2,083,913.04. Following the transaction, the executive vice president now owns 65,613 shares of the company’s stock, valued at approximately $8,778,363.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert M. Knight, Jr. sold 25,000 shares of the company’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $137.39, for a total value of $3,434,750.00. Following the completion of the transaction, the chief financial officer now directly owns 106,518 shares in the company, valued at approximately $14,634,508.02. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.
About Union Pacific
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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