Slow Capital Inc. trimmed its holdings in shares of Union Pacific Co. (NYSE:UNP) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,980 shares of the railroad operator’s stock after selling 263 shares during the quarter. Slow Capital Inc.’s holdings in Union Pacific were worth $2,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in UNP. Norges Bank acquired a new stake in Union Pacific during the 4th quarter worth about $1,036,317,000. FMR LLC lifted its position in Union Pacific by 29.1% during the 1st quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock worth $2,712,416,000 after acquiring an additional 3,653,756 shares during the period. Ellis Investment Partners LLC lifted its position in Union Pacific by 16,626.5% during the 1st quarter. Ellis Investment Partners LLC now owns 2,689,126 shares of the railroad operator’s stock worth $2,689,000 after acquiring an additional 2,673,049 shares during the period. Ronna Sue Cohen lifted its position in Union Pacific by 15,456.0% during the 1st quarter. Ronna Sue Cohen now owns 1,298,301 shares of the railroad operator’s stock worth $1,298,000 after acquiring an additional 1,289,955 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its position in Union Pacific by 17,755.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 798,662 shares of the railroad operator’s stock worth $79,866,000 after acquiring an additional 794,189 shares during the period. Hedge funds and other institutional investors own 79.02% of the company’s stock.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $17,093,537.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director William J. Delaney III acquired 5,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $174.06 per share, with a total value of $870,300.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $870,300. The disclosure for this purchase can be found here. 9.96% of the stock is currently owned by insiders.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the prior year, the firm posted $1.98 EPS. Union Pacific’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that Union Pacific Co. will post 8.96 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.97 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a yield of 2.30%. The ex-dividend date is Thursday, August 29th. Union Pacific’s payout ratio is 44.50%.
A number of brokerages have commented on UNP. Credit Suisse Group set a $203.00 price target on Union Pacific and gave the stock a “buy” rating in a research report on Friday, July 19th. Morgan Stanley set a $140.00 price target on Union Pacific and gave the stock a “sell” rating in a research report on Friday, July 19th. Deutsche Bank lifted their price target on Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. BMO Capital Markets lifted their price target on Union Pacific to $190.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Finally, Loop Capital lifted their price target on Union Pacific to $191.00 in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $182.62.
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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