Royal Fund Management LLC acquired a new position in shares of Union Pacific Co. (NYSE:UNP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 252 shares of the railroad operator’s stock, valued at approximately $35,000.
Other hedge funds have also recently modified their holdings of the company. Stonebridge Financial Planning Group LLC bought a new stake in Union Pacific during the 4th quarter worth $41,000. IndexIQ Advisors LLC bought a new stake in Union Pacific during the 4th quarter worth $44,000. Westside Investment Management Inc. bought a new stake in Union Pacific during the 1st quarter worth $37,000. Carmichael Hill & Associates Inc. bought a new stake in Union Pacific during the 4th quarter worth $54,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in Union Pacific during the 4th quarter worth $63,000. Institutional investors and hedge funds own 79.76% of the company’s stock.
In other Union Pacific news, COO Vincenzo J. Vena bought 3,206 shares of Union Pacific stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $155.92 per share, with a total value of $499,879.52. Following the completion of the acquisition, the chief operating officer now directly owns 19,966 shares in the company, valued at approximately $3,113,098.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William J. Delaney III acquired 15,000 shares of Union Pacific stock in a transaction on Tuesday, March 31st. The shares were purchased at an average cost of $138.20 per share, with a total value of $2,073,000.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $2,764,000. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.
UNP stock opened at $165.16 on Friday. The stock’s 50 day simple moving average is $151.96 and its 200 day simple moving average is $165.94. Union Pacific Co. has a fifty-two week low of $105.08 and a fifty-two week high of $188.96. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.67 and a current ratio of 0.82. The company has a market cap of $111.01 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.25. Union Pacific had a return on equity of 34.15% and a net margin of 27.85%. The business had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the prior year, the business earned $1.93 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts predict that Union Pacific Co. will post 7.7 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Thursday, May 28th. Union Pacific’s dividend payout ratio (DPR) is currently 46.30%.
A number of equities research analysts have commented on UNP shares. Morgan Stanley upgraded Union Pacific from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $139.00 to $125.00 in a research report on Monday, March 23rd. BMO Capital Markets upped their price target on Union Pacific from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating and upped their price target for the company from $156.00 to $181.00 in a research report on Wednesday. TD Securities upped their price target on Union Pacific from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Finally, Credit Suisse Group upped their price target on Union Pacific from $168.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Eleven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Union Pacific presently has an average rating of “Buy” and an average 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.
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