Arrowpoint Asset Management LLC decreased its stake in Union Pacific Co. (NYSE:UNP) by 21.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 59,370 shares of the railroad operator’s stock after selling 16,630 shares during the period. Arrowpoint Asset Management LLC’s holdings in Union Pacific were worth $6,155,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of UNP. Reilly Herbert Faulkner III boosted its stake in shares of Union Pacific by 2.8% in the third quarter. Reilly Herbert Faulkner III now owns 37,058 shares of the railroad operator’s stock valued at $3,614,000 after buying an additional 1,004 shares in the last quarter. Trinity Street Asset Management LLP boosted its stake in shares of Union Pacific by 1.3% in the third quarter. Trinity Street Asset Management LLP now owns 411,865 shares of the railroad operator’s stock valued at $40,169,000 after buying an additional 5,143 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Union Pacific by 1.1% in the third quarter. Fisher Asset Management LLC now owns 128,017 shares of the railroad operator’s stock valued at $12,486,000 after buying an additional 1,413 shares in the last quarter. Salem Capital Management Inc. acquired a new stake in shares of Union Pacific during the third quarter valued at approximately $215,000. Finally, Trust Co. of Oklahoma boosted its stake in shares of Union Pacific by 3.1% in the third quarter. Trust Co. of Oklahoma now owns 8,467 shares of the railroad operator’s stock valued at $826,000 after buying an additional 255 shares in the last quarter. Institutional investors own 79.43% of the company’s stock.
Shares of Union Pacific Co. (NYSE:UNP) opened at 105.08 on Tuesday. Union Pacific Co. has a 12 month low of $77.29 and a 12 month high of $111.38. The stock has a 50 day moving average of $107.80 and a 200-day moving average of $100.98. The company has a market cap of $85.51 billion, a price-to-earnings ratio of 20.73 and a beta of 0.71.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, January 19th. The railroad operator reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business earned $5.20 billion during the quarter, compared to analyst estimates of $5.09 billion. Union Pacific had a net margin of 21.23% and a return on equity of 20.88%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned $1.31 EPS. On average, analysts forecast that Union Pacific Co. will post $5.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be issued a $0.605 dividend. The ex-dividend date is Friday, February 24th. This represents a $2.42 dividend on an annualized basis and a yield of 2.30%. Union Pacific’s dividend payout ratio (DPR) is presently 47.64%.
Several brokerages have recently commented on UNP. Zacks Investment Research cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Monday, February 20th. Loop Capital reiterated a “hold” rating and set a $96.00 price target on shares of Union Pacific in a research report on Wednesday, February 22nd. Credit Suisse Group AG reiterated an “outperform” rating and set a $124.00 price target (up previously from $118.00) on shares of Union Pacific in a research report on Monday, March 6th. Wells Fargo & Co began coverage on shares of Union Pacific in a research report on Monday, March 13th. They set a “market perform” rating and a $115.00 price target for the company. Finally, Stifel Nicolaus lifted their price target on shares of Union Pacific from $98.00 to $102.00 and gave the stock a “hold” rating in a research report on Friday, January 20th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $104.24.
In related news, Director Andrew H. Card, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $109.53, for a total value of $438,120.00. Following the completion of the transaction, the director now owns 22,400 shares in the company, valued at approximately $2,453,472. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Elizabeth F. Whited sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $106.89, for a total transaction of $106,890.00. Following the completion of the transaction, the executive vice president now owns 50,583 shares of the company’s stock, valued at approximately $5,406,816.87. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
About Union Pacific
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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