UniSuper Management Pty Ltd Has $107.77 Million Holdings in Union Pacific Corporation $UNP

UniSuper Management Pty Ltd grew its stake in Union Pacific Corporation (NYSE:UNP) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 465,907 shares of the railroad operator’s stock after buying an additional 48,347 shares during the quarter. Union Pacific accounts for about 0.6% of UniSuper Management Pty Ltd’s investment portfolio, making the stock its 27th biggest holding. UniSuper Management Pty Ltd’s holdings in Union Pacific were worth $107,774,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its holdings in Union Pacific by 8.2% during the third quarter. Public Sector Pension Investment Board now owns 842,206 shares of the railroad operator’s stock worth $199,072,000 after purchasing an additional 63,523 shares during the last quarter. Magellan Asset Management Ltd acquired a new position in Union Pacific during the third quarter worth $69,343,000. Jefferies Financial Group Inc. boosted its holdings in Union Pacific by 1,581.2% during the third quarter. Jefferies Financial Group Inc. now owns 232,000 shares of the railroad operator’s stock worth $54,838,000 after purchasing an additional 218,200 shares during the last quarter. Varma Mutual Pension Insurance Co raised its position in Union Pacific by 30.1% during the third quarter. Varma Mutual Pension Insurance Co now owns 105,049 shares of the railroad operator’s stock worth $24,830,000 after acquiring an additional 24,300 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in Union Pacific by 2.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 208,469 shares of the railroad operator’s stock worth $49,276,000 after acquiring an additional 5,572 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $300.00 price target (up from $260.00) on shares of Union Pacific in a research report on Friday, April 24th. Benchmark upped their price target on shares of Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Citigroup reaffirmed a “buy” rating and set a $307.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. Finally, Raymond James Financial set a $310.00 price target on shares of Union Pacific in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $282.21.

Insider Activity

In other news, EVP Kenyatta G. Rocker sold 27,387 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This represents a 30.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the transaction, the chief financial officer directly owned 114,642 shares in the company, valued at $31,492,157.40. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,377 shares of company stock valued at $9,251,221 over the last ninety days. 0.22% of the stock is currently owned by company insiders.

Union Pacific Stock Performance

NYSE UNP opened at $268.50 on Friday. The firm has a market capitalization of $159.41 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 2.83 and a beta of 0.97. The firm’s fifty day moving average price is $261.64 and its two-hundred day moving average price is $248.52. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $279.70. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.07. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.70 earnings per share. As a group, research analysts anticipate that Union Pacific Corporation will post 12.53 EPS for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific’s dividend payout ratio is presently 45.47%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.