Thompson Siegel & Walmsley LLC cut its holdings in Union Pacific Co. (NYSE:UNP – Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,878 shares of the railroad operator’s stock after selling 181 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Union Pacific were worth $2,025,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in UNP. Howard Capital Management Group LLC lifted its stake in Union Pacific by 16.4% in the third quarter. Howard Capital Management Group LLC now owns 2,860 shares of the railroad operator’s stock worth $705,000 after purchasing an additional 403 shares during the last quarter. Impax Asset Management Group plc raised its stake in shares of Union Pacific by 2,025.4% during the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock valued at $134,636,000 after acquiring an additional 520,536 shares during the last quarter. Plato Investment Management Ltd raised its stake in shares of Union Pacific by 5.8% during the third quarter. Plato Investment Management Ltd now owns 1,812 shares of the railroad operator’s stock valued at $446,000 after acquiring an additional 100 shares during the last quarter. Lifeworks Advisors LLC bought a new position in shares of Union Pacific during the third quarter valued at about $343,000. Finally, Oak Harbor Wealth Partners LLC raised its stake in shares of Union Pacific by 3.5% during the third quarter. Oak Harbor Wealth Partners LLC now owns 8,981 shares of the railroad operator’s stock valued at $2,214,000 after acquiring an additional 302 shares during the last quarter. 80.38% of the stock is owned by institutional investors.
Insider Activity
In related news, EVP Craig V. Richardson sold 6,495 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $252.00, for a total value of $1,636,740.00. Following the sale, the executive vice president now owns 26,319 shares in the company, valued at approximately $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the president now owns 64,960 shares in the company, valued at $16,240,000. This represents a 10.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
Union Pacific Price Performance
Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same quarter in the previous year, the business earned $2.71 EPS. Analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.
Union Pacific Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific’s payout ratio is 48.33%.
Analyst Ratings Changes
UNP has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Union Pacific in a research note on Friday, March 7th. They set a “buy” rating and a $295.00 price objective for the company. Citigroup upped their price objective on shares of Union Pacific from $254.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Robert W. Baird increased their price target on shares of Union Pacific from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Benchmark increased their price target on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Raymond James reissued a “strong-buy” rating and issued a $285.00 price target (up from $265.00) on shares of Union Pacific in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.00.
View Our Latest Research Report on Union Pacific
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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