TIAA CREF Investment Management LLC raised its stake in Union Pacific Co. (NYSE:UNP) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,608,925 shares of the railroad operator’s stock after purchasing an additional 1,403,429 shares during the quarter. Union Pacific makes up about 0.8% of TIAA CREF Investment Management LLC’s portfolio, making the stock its 16th biggest holding. TIAA CREF Investment Management LLC’s holdings in Union Pacific were worth $1,154,457,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of UNP. Acropolis Investment Management LLC bought a new position in shares of Union Pacific during the 4th quarter worth approximately $107,000. Icon Wealth Partners LLC bought a new position in Union Pacific during the fourth quarter valued at $119,000. Exane Derivatives grew its holdings in Union Pacific by 55,600.0% during the fourth quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock valued at $149,000 after purchasing an additional 1,112 shares during the period. Aevitas Wealth Management Inc. bought a new position in Union Pacific during the fourth quarter valued at $185,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Union Pacific during the fourth quarter valued at $200,000. Hedge funds and other institutional investors own 79.94% of the company’s stock.
In other Union Pacific news, EVP Elizabeth F. Whited sold 15,576 shares of the firm’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $133.79, for a total transaction of $2,083,913.04. Following the sale, the executive vice president now owns 65,613 shares in the company, valued at $8,778,363.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert M. Knight, Jr. sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now owns 106,518 shares in the company, valued at approximately $14,634,508.02. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, January 25th. The railroad operator reported $1.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter last year, the business posted $1.39 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. analysts predict that Union Pacific Co. will post 7.58 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.73 per share. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $2.92 dividend on an annualized basis and a yield of 2.24%. Union Pacific’s dividend payout ratio (DPR) is presently 50.43%.
A number of equities analysts have recently commented on the company. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a report on Monday, January 15th. Scotiabank set a $150.00 price target on Union Pacific and gave the stock a “hold” rating in a report on Thursday, January 11th. Daiwa Capital Markets raised Union Pacific from a “hold” rating to an “outperform” rating in a report on Thursday, January 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $150.00 price target on shares of Union Pacific in a report on Monday, January 8th. Finally, UBS raised Union Pacific from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $136.10.
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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