Calamos Advisors LLC trimmed its position in Union Pacific Co. (NYSE:UNP) by 50.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,790 shares of the railroad operator’s stock after selling 310,151 shares during the period. Calamos Advisors LLC’s holdings in Union Pacific were worth $50,626,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Private Ocean LLC purchased a new stake in shares of Union Pacific during the 4th quarter worth $25,000. Gradient Investments LLC raised its stake in shares of Union Pacific by 117.1% during the 4th quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock worth $33,000 after buying an additional 130 shares during the last quarter. Tributary Capital Management LLC acquired a new position in shares of Union Pacific during the 4th quarter worth $42,000. Clarfeld Financial Advisors LLC acquired a new position in shares of Union Pacific during the 4th quarter worth $42,000. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Union Pacific during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 81.28% of the company’s stock.
Several research analysts have recently issued reports on UNP shares. Cowen reaffirmed an “outperform” rating and set a $187.00 price target (up previously from $178.00) on shares of Union Pacific in a research note on Thursday, April 18th. ValuEngine downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Raymond James lifted their price target on Union Pacific from $192.00 to $201.00 and gave the stock a “strong-buy” rating in a research note on Monday, April 22nd. Zacks Investment Research downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Finally, TD Securities boosted their target price on shares of Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, January 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $175.35.
In other news, VP Todd M. Rynaski sold 8,802 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.00, for a total transaction of $1,496,340.00. Following the completion of the sale, the vice president now owns 19,731 shares in the company, valued at approximately $3,354,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William J. Delaney III bought 5,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were purchased at an average price of $174.06 per share, with a total value of $870,300.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $870,300. The disclosure for this purchase can be found here. Insiders have sold a total of 31,667 shares of company stock valued at $5,454,729 in the last quarter. Company insiders own 9.96% of the company’s stock.
Shares of NYSE UNP traded down $0.58 on Wednesday, reaching $174.46. 1,967,797 shares of the company traded hands, compared to its average volume of 3,881,136. Union Pacific Co. has a fifty-two week low of $128.08 and a fifty-two week high of $180.02. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.75 and a quick ratio of 0.60. The company has a market cap of $123.90 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.93 and a beta of 1.11.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 EPS for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.04. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The company had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the prior year, the company posted $1.68 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Union Pacific Co. will post 9.06 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Thursday, May 30th. Union Pacific’s payout ratio is currently 44.50%.
Union Pacific declared that its board has authorized a share buyback program on Thursday, February 7th that authorizes the company to repurchase 150,000,000 shares. This repurchase authorization authorizes the railroad operator to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
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Union Pacific 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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