Jacobsen Capital Management acquired a new position in shares of Union Pacific Co. (NYSE:UNP) in the 2nd quarter, HoldingsChannel reports. The fund acquired 3,717 shares of the railroad operator’s stock, valued at approximately $628,000.
Several other large investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in shares of 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Union Pacific by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock worth $1,330,401,000 after acquiring an additional 688,775 shares in the last quarter. Norges Bank acquired a new position in shares of Union Pacific during the 4th quarter worth about $1,036,317,000. Dimensional Fund Advisors LP lifted its holdings in shares of Union Pacific by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,425,071 shares of the railroad operator’s stock valued at $473,437,000 after purchasing an additional 22,644 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Union Pacific by 21.4% in the 1st quarter. Boston Partners now owns 2,973,712 shares of the railroad operator’s stock valued at $497,205,000 after purchasing an additional 524,537 shares during the last quarter. 79.02% of the stock is owned by institutional investors and hedge funds.
UNP traded up $4.08 on Friday, hitting $166.53. 75,941 shares of the company traded hands, compared to its average volume of 3,580,648. The company has a 50 day moving average of $171.43 and a 200-day moving average of $169.72. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $118.91 billion, a PE ratio of 21.00, a PEG ratio of 1.88 and a beta of 1.04. Union Pacific Co. has a 12-month low of $128.08 and a 12-month high of $180.54.
The business 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. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a yield of 2.33%. Union Pacific’s dividend payout ratio is currently 44.50%.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’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 of the company’s stock, valued at approximately $17,093,537.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William J. Delaney III acquired 5,000 shares of Union Pacific stock in a transaction on Monday, May 20th. The shares were bought at an average cost 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 $870,300. The disclosure for this purchase can be found here. 9.96% of the stock is owned by corporate insiders.
Several analysts have recently weighed in on the company. Morgan Stanley set a $140.00 target price on Union Pacific and gave the company a “sell” rating in a report on Friday, July 19th. Cowen reissued a “buy” rating and issued a $184.00 target price on shares of Union Pacific in a report on Thursday, July 18th. Goldman Sachs Group assumed coverage on Union Pacific in a report on Wednesday, July 10th. They issued a “buy” rating and a $198.00 target price for the company. TD Securities boosted their target price on Union Pacific from $170.00 to $180.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Finally, BMO Capital Markets boosted their target price on Union Pacific to $190.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target 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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