Shares of Union Pacific Co. (NYSE:UNP) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $186.68 and last traded at $186.58, with a volume of 120417 shares trading hands. The stock had previously closed at $180.93.
A number of research firms have recently issued reports on UNP. Credit Suisse Group increased their target price on Union Pacific from $215.00 to $216.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group lowered Union Pacific from a “buy” rating to a “neutral” rating and increased their target price for the company from $184.00 to $201.00 in a research note on Friday. Cowen reiterated a “buy” rating and issued a $172.00 target price on shares of Union Pacific in a research note on Thursday, October 17th. Argus increased their target price on Union Pacific from $190.00 to $205.00 and gave the company a “buy” rating in a research note on Friday. Finally, Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $191.85.
The business has a 50 day simple moving average of $179.56 and a two-hundred day simple moving average of $171.27. The company has a current ratio of 0.89, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The stock has a market cap of $125.60 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 1.92 and a beta of 1.08.
The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, November 29th were given a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $3.88 annualized dividend and a dividend yield of 2.09%. Union Pacific’s payout ratio is 49.05%.
In other news, CFO Jennifer L. Hamann sold 1,000 shares of Union Pacific stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $183.00, for a total value of $183,000.00. Following the completion of the transaction, the chief financial officer now owns 62,331 shares in the company, valued at approximately $11,406,573. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Elizabeth F. Whited sold 5,342 shares of Union Pacific stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $171.62, for a total value of $916,794.04. Following the completion of the transaction, the executive vice president now owns 63,021 shares of the company’s stock, valued at approximately $10,815,664.02. The disclosure for this sale can be found here. 9.96% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Union Pacific by 10.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,804,736 shares of the railroad operator’s stock worth $2,074,113,000 after purchasing an additional 1,253,490 shares during the last quarter. Boston Partners lifted its holdings in shares of Union Pacific by 11.4% in the 2nd quarter. Boston Partners now owns 3,311,761 shares of the railroad operator’s stock worth $560,158,000 after purchasing an additional 338,049 shares during the last quarter. Primecap Management Co. CA lifted its holdings in shares of Union Pacific by 0.5% in the 2nd quarter. Primecap Management Co. CA now owns 2,691,662 shares of the railroad operator’s stock worth $455,187,000 after purchasing an additional 12,476 shares during the last quarter. Johanson Financial Advisors Inc. raised its stake in Union Pacific by 17,670.0% during the 4th quarter. Johanson Financial Advisors Inc. now owns 2,456,353 shares of the railroad operator’s stock valued at $13,589,000 after acquiring an additional 2,442,530 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Union Pacific by 15,152.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,792,513 shares of the railroad operator’s stock valued at $290,351,000 after acquiring an additional 1,780,761 shares in the last quarter. Institutional investors own 77.91% of the company’s stock.
About Union Pacific (NYSE:UNP)
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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