Pillar Pacific Capital Management LLC reduced its stake in Union Pacific Co. (NYSE:UNP) by 1.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 76,591 shares of the railroad operator’s stock after selling 1,403 shares during the quarter. Union Pacific accounts for 1.5% of Pillar Pacific Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Pillar Pacific Capital Management LLC’s holdings in Union Pacific were worth $12,806,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Perennial Advisors LLC increased its stake in Union Pacific by 1.9% during the fourth quarter. Perennial Advisors LLC now owns 22,220 shares of the railroad operator’s stock valued at $3,071,000 after purchasing an additional 424 shares during the last quarter. Advisor Partners LLC lifted its stake in Union Pacific by 3.2% during the fourth quarter. Advisor Partners LLC now owns 23,323 shares of the railroad operator’s stock valued at $3,224,000 after buying an additional 723 shares in the last quarter. Horrell Capital Management Inc. lifted its position in shares of Union Pacific by 0.9% in the fourth quarter. Horrell Capital Management Inc. now owns 89,414 shares of the railroad operator’s stock worth $12,360,000 after purchasing an additional 815 shares in the last quarter. Alpha Cubed Investments LLC lifted its position in shares of Union Pacific by 879.6% in the fourth quarter. Alpha Cubed Investments LLC now owns 41,310 shares of the railroad operator’s stock worth $5,710,000 after purchasing an additional 37,093 shares in the last quarter. Finally, Hayden Royal LLC acquired a new position in Union Pacific in the fourth quarter worth approximately $354,000. Hedge funds and other institutional investors own 78.93% of the company’s stock.
In other news, EVP Rhonda S. Ferguson sold 11,485 shares of Union Pacific stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $175.00, for a total transaction of $2,009,875.00. Following the transaction, the executive vice president now owns 53,858 shares in the company, valued at approximately $9,425,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of Union Pacific stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $180.01, for a total value of $248,413.80. Following the transaction, the executive vice president now owns 94,943 shares in the company, valued at approximately $17,090,689.43. The disclosure for this sale can be found here. Insiders have sold a total of 22,865 shares of company stock valued at $3,958,389 over the last 90 days. Corporate insiders own 9.96% of the company’s stock.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.04. The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.51 billion. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The company’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the company earned $1.68 earnings per share. Equities analysts anticipate that Union Pacific Co. will post 9.03 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were given a dividend of $0.88 per share. The ex-dividend date was Thursday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 2.05%. Union Pacific’s payout ratio is currently 44.50%.
Several equities analysts have commented on UNP shares. Deutsche Bank set a $200.00 price target on Union Pacific and gave the company a “buy” rating in a report on Monday, April 22nd. Citigroup increased their price objective on Union Pacific from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. ValuEngine cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Loop Capital cut Union Pacific from a “buy” rating to a “hold” rating and reduced their price objective for the company from $193.00 to $182.00 in a research report on Tuesday, March 19th. Finally, Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $175.80.
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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