SG Trading Solutions LLC purchased a new stake in Union Pacific Corporation (NYSE:UNP – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,985 shares of the railroad operator’s stock, valued at approximately $690,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Acadian Asset Management LLC increased its stake in Union Pacific by 40.4% in the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after buying an additional 665 shares during the period. Schnieders Capital Management LLC. raised its position in Union Pacific by 0.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock worth $4,741,000 after buying an additional 102 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in shares of Union Pacific by 1.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock worth $859,000 after acquiring an additional 58 shares during the period. HUB Investment Partners LLC lifted its stake in shares of Union Pacific by 10.0% in the 2nd quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock worth $1,401,000 after acquiring an additional 554 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Union Pacific by 7.4% in the second quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after acquiring an additional 105,664 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.
Union Pacific Stock Performance
NYSE:UNP opened at $257.46 on Friday. The firm’s fifty day simple moving average is $263.62 and its 200-day simple moving average is $249.75. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. The stock has a market cap of $152.86 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.74 and a beta of 0.97. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $279.70.
Union Pacific Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is presently 45.47%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Citigroup reiterated a “buy” rating and set a $307.00 price target (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Barclays restated an “overweight” rating and issued a $315.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. Susquehanna reaffirmed a “positive” rating and issued a $305.00 price objective on shares of Union Pacific in a report on Friday, June 5th. Wells Fargo & Company reiterated an “overweight” rating and set a $300.00 target price (up from $260.00) on shares of Union Pacific in a research report on Friday, April 24th. Finally, Evercore reissued an “outperform” rating and set a $277.00 target price on shares of Union Pacific in a research note on Friday, April 24th. One equities 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $282.21.
Check Out Our Latest Report on UNP
Insider Activity
In other news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the sale, the chief financial officer owned 114,642 shares of the company’s stock, valued at $31,492,157.40. The trade was a 1.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 32,378 shares of company stock worth $8,781,595. Company insiders own 0.22% of the company’s stock.
Union Pacific Company 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.
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