First United Bank Trust bought a new stake in Union Pacific Co. (NYSE:UNP) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,384 shares of the railroad operator’s stock, valued at approximately $231,000.
Other large investors have also recently modified their holdings of the company. NuWave Investment Management LLC raised its holdings in Union Pacific by 1,047.9% during the first quarter. NuWave Investment Management LLC now owns 2,755 shares of the railroad operator’s stock worth $461,000 after purchasing an additional 2,515 shares in the last quarter. Harvey Investment Co. LLC raised its holdings in Union Pacific by 3.9% during the first quarter. Harvey Investment Co. LLC now owns 2,338 shares of the railroad operator’s stock worth $391,000 after purchasing an additional 88 shares in the last quarter. Malaga Cove Capital LLC acquired a new stake in Union Pacific during the first quarter worth approximately $201,000. Ferguson Wellman Capital Management Inc. raised its holdings in Union Pacific by 3.9% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 150,789 shares of the railroad operator’s stock worth $25,212,000 after purchasing an additional 5,625 shares in the last quarter. Finally, DNB Asset Management AS raised its holdings in Union Pacific by 2.5% during the first quarter. DNB Asset Management AS now owns 111,674 shares of the railroad operator’s stock worth $18,672,000 after purchasing an additional 2,754 shares in the last quarter. 81.28% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on UNP. Loop Capital lifted their target price on shares of Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a report on Thursday, January 24th. Cowen reaffirmed a “buy” rating on shares of Union Pacific in a report on Thursday, January 24th. Argus lifted their target price on shares of Union Pacific to $175.00 and gave the company a “positive” rating in a report on Friday, January 25th. TD Securities lifted their target price on shares of Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a report on Friday, January 25th. Finally, ValuEngine cut shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $175.35.
Shares of NYSE UNP traded down $0.58 during trading on Wednesday, hitting $174.46. 1,967,797 shares of the company were exchanged, compared to its average volume of 3,881,136. The firm has a market capitalization of $123.90 billion, a P/E ratio of 22.06, a PEG ratio of 1.93 and a beta of 1.11. Union Pacific Co. has a 1 year low of $128.08 and a 1 year high of $180.02. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.60 and a current ratio of 0.75.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 18th. The railroad operator reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.51 billion. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 EPS. On average, sell-side analysts forecast that Union Pacific Co. will post 9.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 2.02%. Union Pacific’s payout ratio is currently 44.50%.
Union Pacific declared that its board has initiated 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. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
In other Union Pacific news, VP Todd M. Rynaski sold 8,802 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.00, for a total transaction of $1,496,340.00. Following the sale, the vice president now directly owns 19,731 shares in the company, valued at approximately $3,354,270. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of the business’s 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 sale, the executive vice president now owns 94,943 shares in the company, valued at $16,141,259.43. The disclosure for this sale can be found here. Insiders have sold a total of 31,667 shares of company stock worth $5,454,729 over the last 90 days. Insiders own 9.96% of the company’s stock.
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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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