AGF Investments Inc. bought a new stake in Union Pacific Co. (NYSE:UNP) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 14,456 shares of the railroad operator’s stock, valued at approximately $2,039,000.
Several other institutional investors and hedge funds have also recently modified their holdings of UNP. Westside Investment Management Inc. acquired a new stake in shares of Union Pacific in the 1st quarter valued at about $37,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Union Pacific in the 4th quarter valued at about $41,000. IndexIQ Advisors LLC acquired a new stake in shares of Union Pacific in the 4th quarter valued at about $44,000. Simon Quick Advisors LLC lifted its position in Union Pacific by 90.5% in the 1st quarter. Simon Quick Advisors LLC now owns 360 shares of the railroad operator’s stock valued at $51,000 after acquiring an additional 171 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. bought a new position in Union Pacific in the 4th quarter valued at about $54,000. Institutional investors own 79.76% of the company’s stock.
In other Union Pacific news, COO Vincenzo J. Vena acquired 3,206 shares of Union Pacific stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $155.92 per share, for a total transaction of $499,879.52. Following the purchase, the chief operating officer now owns 19,966 shares of the company’s stock, valued at $3,113,098.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William J. Delaney III acquired 15,000 shares of Union Pacific stock in a transaction that occurred on Tuesday, March 31st. The stock was acquired at an average price of $138.20 per share, with a total value of $2,073,000.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $2,764,000. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by insiders.
UNP has been the topic of several recent research reports. Evercore ISI initiated coverage on shares of Union Pacific in a research report on Thursday, March 26th. They issued an “outperform” rating and a $174.00 price target on the stock. Zacks Investment Research raised shares of Union Pacific from a “sell” rating to a “hold” rating and set a $166.00 price target on the stock in a research report on Monday, April 27th. UBS Group raised shares of Union Pacific from a “neutral” rating to a “buy” rating and raised their price target for the company from $156.00 to $181.00 in a research report on Wednesday. BMO Capital Markets raised their price target on shares of Union Pacific from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada dropped their price target on shares of Union Pacific from $180.00 to $177.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Eleven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $172.68.
Shares of UNP stock opened at $165.16 on Friday. The company has a 50 day moving average of $151.96 and a 200-day moving average of $165.94. The company has a quick ratio of 0.67, a current ratio of 0.82 and a debt-to-equity ratio of 1.65. Union Pacific Co. has a 12-month low of $105.08 and a 12-month high of $188.96. The firm has a market cap of $111.01 billion, a P/E ratio of 19.00, a PEG ratio of 2.13 and a beta of 1.07.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $5.08 billion. During the same quarter last year, the business posted $1.93 EPS. Union Pacific’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts expect that Union Pacific Co. will post 7.7 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $3.88 dividend on an annualized basis and a yield of 2.35%. Union Pacific’s dividend payout ratio is 46.30%.
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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