Macquarie Group Ltd. reduced its position in Union Pacific Co. (NYSE:UNP) by 16.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 298,568 shares of the railroad operator’s stock after selling 60,794 shares during the period. Macquarie Group Ltd.’s holdings in Union Pacific were worth $26,428,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. EP Wealth Advisors LLC lifted its stake in Union Pacific by 5.2% in the 4th quarter. EP Wealth Advisors LLC now owns 80,417 shares of the railroad operator’s stock valued at $10,864,000 after purchasing an additional 3,940 shares during the last quarter. Financial Advocates Investment Management acquired a new stake in Union Pacific in the 4th quarter valued at about $850,000. Hoylecohen LLC acquired a new stake in Union Pacific during the fourth quarter worth approximately $7,840,000. Cypress Wealth Advisors LLC lifted its position in Union Pacific by 6.2% during the fourth quarter. Cypress Wealth Advisors LLC now owns 7,494 shares of the railroad operator’s stock worth $1,005,000 after acquiring an additional 439 shares during the last quarter. Finally, Reilly Herbert Faulkner III lifted its position in Union Pacific by 1.7% during the fourth quarter. Reilly Herbert Faulkner III now owns 41,269 shares of the railroad operator’s stock worth $5,534,000 after acquiring an additional 699 shares during the last quarter. Institutional investors and hedge funds own 79.94% of the company’s stock.
Several equities research analysts have issued reports on the stock. Deutsche Bank upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a research report on Monday, April 2nd. Bank of America raised their price objective on shares of Union Pacific from $150.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, March 15th. Zacks Investment Research downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Cowen restated a “market perform” rating and set a $139.00 price objective (down from $140.00) on shares of Union Pacific in a research report on Wednesday, February 28th. Finally, Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Union Pacific has a consensus rating of “Hold” and a consensus price target of $136.10.
Union Pacific (NYSE:UNP) last announced its earnings results 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). 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 for the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the prior year, the business posted $1.39 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities analysts predict that Union Pacific Co. will post 7.56 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.73 per share. The ex-dividend date was Tuesday, February 27th. This is a boost from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a dividend yield of 2.24%. Union Pacific’s dividend payout ratio (DPR) is currently 50.43%.
In related news, CFO Robert M. Knight, Jr. sold 25,000 shares of Union Pacific stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 106,518 shares of the company’s stock, valued at $14,634,508.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth F. Whited sold 15,576 shares of Union Pacific stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $133.79, for a total transaction of $2,083,913.04. Following the completion of the transaction, the executive vice president now directly owns 65,613 shares in the company, valued at $8,778,363.27. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.
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Union Pacific Profile
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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