Buckley Wealth Management LLC lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 64.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,602 shares of the railroad operator’s stock after selling 13,652 shares during the quarter. Buckley Wealth Management LLC’s holdings in Union Pacific were worth $1,271,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Union Pacific by 2.2% in the fourth quarter. BlackRock Inc. now owns 48,020,051 shares of the railroad operator’s stock worth $6,637,811,000 after purchasing an additional 1,029,260 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Union Pacific by 18,524.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,738,808 shares of the railroad operator’s stock valued at $237,000 after buying an additional 32,563,028 shares in the last quarter. Morgan Stanley boosted its stake in Union Pacific by 5.7% during the third quarter. Morgan Stanley now owns 15,894,983 shares of the railroad operator’s stock valued at $2,588,181,000 after buying an additional 859,164 shares in the last quarter. Geode Capital Management LLC boosted its stake in Union Pacific by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock valued at $1,330,401,000 after buying an additional 688,775 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Union Pacific by 3.4% during the fourth quarter. Northern Trust Corp now owns 8,284,737 shares of the railroad operator’s stock valued at $1,145,199,000 after buying an additional 270,547 shares in the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.
In related news, VP Todd M. Rynaski sold 8,802 shares of the stock in a transaction dated 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 completion of the sale, the vice president now directly owns 19,731 shares of the company’s stock, valued at approximately $3,354,270. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $180.01, for a total value of $248,413.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at $17,090,689.43. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,667 shares of company stock valued at $5,454,729. Company insiders own 9.96% of the company’s stock.
Shares of NYSE:UNP traded down $0.58 during midday trading on Wednesday, reaching $174.46. The company had a trading volume of 1,967,797 shares, compared to its average volume of 3,881,136. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.32. Union Pacific Co. has a 1-year low of $128.08 and a 1-year high of $180.02. The firm has a market capitalization of $123.90 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. The firm 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 30.73% and a net margin of 26.59%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 EPS. Equities analysts predict that Union Pacific Co. will post 9.06 earnings per share for the current year.
Union Pacific announced that its board has authorized a share buyback program on Thursday, February 7th that permits the company to buyback 150,000,000 shares. This buyback authorization permits the railroad operator to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, May 30th. Union Pacific’s dividend payout ratio is currently 44.50%.
Several brokerages recently weighed in on UNP. Loop Capital cut Union Pacific from a “buy” rating to a “hold” rating and decreased their target price for the company from $193.00 to $182.00 in a research note on Tuesday, March 19th. Citigroup raised their target price on Union Pacific from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. BMO Capital Markets raised their target price on Union Pacific to $190.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Deutsche Bank set a $200.00 target price on Union Pacific and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, TD Securities raised their target price on Union Pacific from $170.00 to $180.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Union Pacific has an average rating of “Buy” and an average target price of $175.35.
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About Union Pacific
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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