Pensionfund Sabic trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 23.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,400 shares of the railroad operator’s stock after selling 5,000 shares during the quarter. Union Pacific accounts for 0.9% of Pensionfund Sabic’s investment portfolio, making the stock its 20th largest holding. Pensionfund Sabic’s holdings in Union Pacific were worth $2,742,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Paradigm Financial Partners LLC purchased a new stake in Union Pacific in the 4th quarter valued at $912,000. Segment Wealth Management LLC raised its position in Union Pacific by 5.9% in the 4th quarter. Segment Wealth Management LLC now owns 32,454 shares of the railroad operator’s stock valued at $4,486,000 after buying an additional 1,820 shares during the last quarter. Claybrook Capital LLC purchased a new stake in Union Pacific in the 4th quarter valued at $85,000. BlackRock Inc. raised its position in Union Pacific by 2.2% in the 4th quarter. BlackRock Inc. now owns 48,020,051 shares of the railroad operator’s stock valued at $6,637,811,000 after buying an additional 1,029,260 shares during the last quarter. Finally, Lehman & Derafelo Financial Resources LLC purchased a new stake in Union Pacific in the 4th quarter valued at $291,000. 79.69% of the stock is currently owned by institutional investors.
Shares of Union Pacific stock opened at $176.66 on Friday. Union Pacific Co. has a 1 year low of $126.37 and a 1 year high of $177.77. The firm has a market cap of $121.43 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 1.02.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.04. The company had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.51 billion. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 EPS. Equities analysts expect that Union Pacific Co. will post 8.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 28th were paid a dividend of $0.88 per share. This is an increase from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date was Wednesday, February 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.99%. Union Pacific’s dividend payout ratio is presently 44.50%.
Union Pacific declared that its board has authorized a stock repurchase program on Thursday, February 7th that permits the company to buyback 150,000,000 shares. This buyback authorization permits the railroad operator to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
A number of equities research analysts recently commented on UNP shares. Royal Bank of Canada raised Union Pacific from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Cowen reissued a “buy” rating and issued a $187.00 price target on shares of Union Pacific in a research report on Thursday. ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Zacks Investment Research lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, TD Securities raised their target price on Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, January 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $170.63.
In other news, EVP Robert M. Knight, Jr. sold 10,000 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $170.01, for a total transaction of $1,700,100.00. Following the completion of the transaction, the executive vice president now owns 94,943 shares in the company, valued at approximately $16,141,259.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Todd M. Rynaski sold 8,802 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.00, for a total value of $1,496,340.00. Following the transaction, the vice president now owns 19,731 shares of the company’s stock, valued at approximately $3,354,270. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
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Union Pacific Company Profile
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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