Jones Financial Companies Lllp lowered its stake in Union Pacific Co. (NYSE:UNP) by 2.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 33,829 shares of the railroad operator’s stock after selling 950 shares during the period. Jones Financial Companies Lllp’s holdings in Union Pacific were worth $5,656,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Old Port Advisors acquired a new position in Union Pacific during the fourth quarter worth $469,000. Palo Capital Inc. lifted its stake in shares of Union Pacific by 4.3% in the fourth quarter. Palo Capital Inc. now owns 6,971 shares of the railroad operator’s stock valued at $964,000 after buying an additional 290 shares during the period. KBC Group NV lifted its stake in shares of Union Pacific by 5.3% in the fourth quarter. KBC Group NV now owns 393,877 shares of the railroad operator’s stock valued at $54,445,000 after buying an additional 19,755 shares during the period. Banque Pictet & Cie SA lifted its stake in Union Pacific by 3.1% during the fourth quarter. Banque Pictet & Cie SA now owns 55,421 shares of the railroad operator’s stock worth $7,661,000 after purchasing an additional 1,661 shares during the period. Finally, Segment Wealth Management LLC lifted its stake in Union Pacific by 5.9% during the fourth quarter. Segment Wealth Management LLC now owns 32,454 shares of the railroad operator’s stock worth $4,486,000 after purchasing an additional 1,820 shares during the period. Institutional investors and hedge funds own 79.12% of the company’s stock.
In other Union Pacific news, VP Todd M. Rynaski sold 8,802 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.00, for a total value of $1,496,340.00. Following the completion of the sale, the vice president now directly owns 19,731 shares in the company, valued at approximately $3,354,270. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Rhonda S. Ferguson sold 11,485 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $175.00, for a total value of $2,009,875.00. Following the completion of the sale, the executive vice president now owns 53,858 shares of the company’s stock, valued at $9,425,150. The disclosure for this sale can be found here. Insiders have sold 31,667 shares of company stock valued at $5,454,729 over the last quarter. 9.96% of the stock is owned by company insiders.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 18th. The railroad operator reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.04. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The firm had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the previous year, the business earned $1.68 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, sell-side analysts forecast that Union Pacific Co. will post 9.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 30th. Union Pacific’s payout ratio is 44.50%.
A number of brokerages recently weighed in on UNP. Deutsche Bank lowered their price target on shares of Union Pacific from $200.00 to $197.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup raised their price target on shares of Union Pacific from $180.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, April 4th. ValuEngine raised shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Friday, April 19th. BMO Capital Markets boosted their price objective on shares of Union Pacific to $190.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, Cowen reiterated an “outperform” rating and issued a $187.00 price target (up previously from $178.00) on shares of Union Pacific in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $176.26.
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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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