Midwest Professional Planners LTD. raised its stake in shares of Union Pacific Co. (NYSE:UNP – Get Rating) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,772 shares of the railroad operator’s stock after purchasing an additional 49 shares during the period. Midwest Professional Planners LTD.’s holdings in Union Pacific were worth $1,958,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mountain Pacific Investment Advisers Inc. ID boosted its holdings in shares of Union Pacific by 6.2% during the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 2,753 shares of the railroad operator’s stock valued at $694,000 after purchasing an additional 160 shares during the last quarter. PFG Private Wealth Management LLC boosted its holdings in shares of Union Pacific by 23.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 428 shares of the railroad operator’s stock valued at $108,000 after purchasing an additional 81 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Union Pacific by 16.9% during the 3rd quarter. Epoch Investment Partners Inc. now owns 163,572 shares of the railroad operator’s stock valued at $32,062,000 after purchasing an additional 23,637 shares during the last quarter. CWM LLC bought a new position in shares of Union Pacific during the 4th quarter valued at about $4,067,000. Finally, Berger Financial Group Inc boosted its holdings in shares of Union Pacific by 37.0% during the 4th quarter. Berger Financial Group Inc now owns 2,453 shares of the railroad operator’s stock valued at $618,000 after purchasing an additional 663 shares during the last quarter. 80.26% of the stock is owned by institutional investors and hedge funds.
In other Union Pacific news, EVP Kenyatta G. Rocker sold 4,018 shares of Union Pacific stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $250.00, for a total value of $1,004,500.00. Following the transaction, the executive vice president now directly owns 41,177 shares of the company’s stock, valued at $10,294,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently owned by insiders.
Union Pacific (NYSE:UNP – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.02. Union Pacific had a net margin of 30.06% and a return on equity of 50.20%. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the company earned $2.00 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Union Pacific Co. will post 11.64 EPS for the current year.
Union Pacific announced that its board has approved a stock buyback program on Thursday, February 3rd that authorizes the company to buyback 100,000,000 shares. This buyback authorization authorizes the railroad operator to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Tuesday, May 31st will be issued a $1.30 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.18. This represents a $5.20 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, May 27th. Union Pacific’s payout ratio is currently 44.87%.
Several research firms have commented on UNP. Royal Bank of Canada downgraded shares of Union Pacific from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $271.00 to $258.00 in a report on Thursday, March 17th. TD Securities increased their price target on shares of Union Pacific from $265.00 to $275.00 and gave the company a “hold” rating in a report on Friday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Union Pacific from $270.00 to $260.00 and set a “buy” rating for the company in a report on Monday, January 24th. Susquehanna increased their price target on shares of Union Pacific from $306.00 to $310.00 and gave the company a “positive” rating in a report on Thursday, April 7th. Finally, StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $267.74.
Union Pacific Company Profile (Get Rating)
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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