Insider Buying: Union Pacific Co. (UNP) Director Buys 5,000 Shares of Stock

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Union Pacific Co. (NYSE:UNP) Director William J. Delaney III bought 5,000 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were acquired at an average cost of $174.06 per share, with a total value of $870,300.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $870,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of UNP opened at $172.65 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.32. Union Pacific Co. has a 12-month low of $128.08 and a 12-month high of $180.02. The stock has a market capitalization of $123.90 billion, a P/E ratio of 21.83, a PEG ratio of 1.93 and a beta of 1.11.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.04. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. Union Pacific’s quarterly revenue was down 1.7% on a year-over-year basis. Equities research analysts anticipate that Union Pacific Co. will post 9.07 EPS for the current year.

Union Pacific announced that its Board of Directors has initiated a share buyback plan on Thursday, February 7th that permits the company to repurchase 150,000,000 shares. This repurchase authorization permits the railroad operator to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Thursday, May 30th. Union Pacific’s dividend payout ratio is currently 44.50%.

A number of equities research analysts have recently issued reports on UNP shares. Cowen reaffirmed a “buy” rating on shares of Union Pacific in a report on Thursday, January 24th. Deutsche Bank set a $200.00 target price on shares of Union Pacific and gave the stock a “buy” rating in a report on Monday, April 22nd. ValuEngine raised shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Citigroup upped their target price on shares of Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $175.35.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Union Pacific by 2.2% during the fourth quarter. BlackRock Inc. now owns 48,020,051 shares of the railroad operator’s stock worth $6,637,811,000 after buying an additional 1,029,260 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Union Pacific by 18,524.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,738,808 shares of the railroad operator’s stock worth $237,000 after buying an additional 32,563,028 shares during the period. FMR LLC boosted its stake in Union Pacific by 29.1% during the first quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock worth $2,712,416,000 after buying an additional 3,653,756 shares during the period. Geode Capital Management LLC boosted its stake in Union Pacific by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock worth $1,330,401,000 after buying an additional 688,775 shares during the period. Finally, Northern Trust Corp boosted its stake in Union Pacific by 3.4% during the fourth quarter. Northern Trust Corp now owns 8,284,737 shares of the railroad operator’s stock worth $1,145,199,000 after buying an additional 270,547 shares during the period. 80.25% of the stock is owned by hedge funds and other institutional investors.

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About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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