DAGCO Inc. reduced its position in Union Pacific Co. (NYSE:UNP) by 7.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,809 shares of the railroad operator’s stock after selling 324 shares during the quarter. DAGCO Inc.’s holdings in Union Pacific were worth $840,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in UNP. FMR LLC increased its position in Union Pacific by 22.8% in the fourth quarter. FMR LLC now owns 10,276,326 shares of the railroad operator’s stock worth $2,139,736,000 after purchasing an additional 1,908,977 shares during the period. Norges Bank bought a new stake in Union Pacific in the 4th quarter valued at approximately $1,403,262,000. Nuveen Asset Management LLC grew its position in shares of Union Pacific by 1.3% during the 4th quarter. Nuveen Asset Management LLC now owns 6,582,497 shares of the railroad operator’s stock worth $1,370,608,000 after purchasing an additional 84,102 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Union Pacific by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 6,165,846 shares of the railroad operator’s stock valued at $1,283,851,000 after purchasing an additional 93,789 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Union Pacific by 3.6% in the 4th quarter. Jennison Associates LLC now owns 5,594,366 shares of the railroad operator’s stock valued at $1,164,859,000 after purchasing an additional 196,770 shares in the last quarter. 77.83% of the stock is owned by institutional investors and hedge funds.
Several research analysts have issued reports on UNP shares. BMO Capital Markets raised their price target on shares of Union Pacific from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, April 23rd. UBS Group boosted their price objective on Union Pacific from $219.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, January 22nd. Royal Bank of Canada boosted their price objective on Union Pacific from $232.00 to $244.00 and gave the company an “outperform” rating in a research note on Friday, April 23rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on Union Pacific from $215.00 to $250.00 in a research note on Monday, January 11th. Finally, Morgan Stanley upped their price target on Union Pacific from $180.00 to $190.00 and gave the company an “equal weight” rating in a research report on Thursday, April 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Union Pacific currently has an average rating of “Buy” and a consensus price target of $217.57.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Wednesday, April 21st. The railroad operator reported $2.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.06). Union Pacific had a return on equity of 31.71% and a net margin of 27.40%. The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period in the previous year, the firm earned $2.15 EPS. The business’s revenue was down 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that Union Pacific Co. will post 8.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, February 26th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Thursday, February 25th. Union Pacific’s payout ratio is 46.30%.
In other news, VP Todd M. Rynaski sold 7,698 shares of Union Pacific stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $212.00, for a total value of $1,631,976.00. Following the completion of the transaction, the vice president now owns 17,197 shares in the company, valued at approximately $3,645,764. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Elizabeth F. Whited sold 1,491 shares of Union Pacific stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $215.00, for a total value of $320,565.00. Following the completion of the transaction, the executive vice president now owns 34,124 shares of the company’s stock, valued at approximately $7,336,660. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
Union Pacific Company Profile
Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.
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