Union Pacific Co. (NYSE:UNP) Sees Large Drop in Short Interest

Union Pacific Co. (NYSE:UNP) saw a significant decline in short interest in June. As of June 30th, there was short interest totalling 5,718,400 shares, a decline of 18.8% from the May 30th total of 7,040,900 shares. Based on an average daily volume of 3,120,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.8% of the shares of the stock are sold short.

In other news, Director William J. Delaney III bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average price of $174.06 per share, for a total transaction of $870,300.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $870,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rhonda S. Ferguson sold 11,485 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was 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 approximately $9,425,150. The disclosure for this sale can be found here. 9.96% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UNP. Naples Global Advisors LLC lifted its holdings in shares of Union Pacific by 1.1% during the first quarter. Naples Global Advisors LLC now owns 5,734 shares of the railroad operator’s stock valued at $959,000 after purchasing an additional 60 shares in the last quarter. Community Bank & Trust Waco Texas lifted its holdings in shares of Union Pacific by 0.3% during the second quarter. Community Bank & Trust Waco Texas now owns 22,618 shares of the railroad operator’s stock valued at $3,825,000 after purchasing an additional 60 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its holdings in shares of Union Pacific by 1.7% during the fourth quarter. Obermeyer Wood Investment Counsel Lllp now owns 3,729 shares of the railroad operator’s stock valued at $515,000 after purchasing an additional 61 shares in the last quarter. Weatherstone Capital Management lifted its holdings in shares of Union Pacific by 3.1% during the first quarter. Weatherstone Capital Management now owns 2,172 shares of the railroad operator’s stock valued at $363,000 after purchasing an additional 66 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its holdings in shares of Union Pacific by 18.2% during the second quarter. Contravisory Investment Management Inc. now owns 436 shares of the railroad operator’s stock valued at $74,000 after purchasing an additional 67 shares in the last quarter. 78.93% of the stock is currently owned by hedge funds and other institutional investors.



UNP stock traded up $2.30 during midday trading on Friday, hitting $174.05. The stock had a trading volume of 2,036,418 shares, compared to its average volume of 2,916,674. The stock has a market cap of $121.57 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04. The stock’s 50-day moving average price is $169.48. Union Pacific has a 52-week low of $128.08 and a 52-week high of $180.02. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.32.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 18th. The railroad operator reported $1.93 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the prior year, the firm posted $1.68 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Equities research analysts expect that Union Pacific will post 8.93 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.02%. Union Pacific’s dividend payout ratio is currently 44.50%.

UNP has been the topic of several research analyst reports. Goldman Sachs Group cut EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday. Sanford C. Bernstein raised Royal Mail from a “market perform” rating to an “outperform” rating in a research note on Monday, June 17th. ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday. Morgan Stanley set a $36.00 target price on ArcBest and gave the company a “hold” rating in a research note on Monday, July 8th. Finally, Deutsche Bank raised CYBERAGENT INC/ADR from a “hold” rating to a “buy” rating in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $176.57.

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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