National Asset Management Inc. lessened its holdings in shares of Union Pacific Co. (NYSE:UNP) by 28.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,989 shares of the railroad operator’s stock after selling 3,191 shares during the period. National Asset Management Inc.’s holdings in Union Pacific were worth $1,128,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Stonebridge Financial Planning Group LLC acquired a new position in shares of Union Pacific during the fourth quarter worth $41,000. IndexIQ Advisors LLC acquired a new position in shares of Union Pacific during the fourth quarter worth $44,000. Royal Fund Management LLC acquired a new position in shares of Union Pacific during the first quarter worth $35,000. Westside Investment Management Inc. acquired a new position in shares of Union Pacific during the first quarter worth $37,000. Finally, Carmichael Hill & Associates Inc. acquired a new position in shares of Union Pacific during the fourth quarter worth $54,000. Institutional investors own 79.76% of the company’s stock.
In related news, COO Vincenzo J. Vena bought 3,206 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $155.92 per share, with a total value of $499,879.52. Following the completion of the purchase, the chief operating officer now owns 19,966 shares of the company’s stock, valued at $3,113,098.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William J. Delaney III acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was acquired at an average cost of $138.20 per share, with a total value of $2,073,000.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at $2,764,000. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.25. Union Pacific had a net margin of 27.85% and a return on equity of 34.15%. The company had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the prior year, the company earned $1.93 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Union Pacific Co. will post 7.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a $0.97 dividend. The ex-dividend date is Thursday, May 28th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.35%. Union Pacific’s dividend payout ratio is presently 46.30%.
UNP has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of Union Pacific from $193.00 to $163.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Cowen lifted their target price on shares of Union Pacific from $156.00 to $163.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Benchmark lowered their target price on shares of Union Pacific from $206.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Susquehanna Bancshares lowered their target price on shares of Union Pacific from $215.00 to $169.00 and set a “positive” rating for the company in a research note on Wednesday, April 8th. Finally, Cfra lowered their target price on shares of Union Pacific from $190.00 to $172.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Eleven equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $172.68.
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.
Recommended Story: Do Tariffs Work?
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.