Surevest Inc. boosted its position in Union Pacific Co. (NYSE:UNP) by 98.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,041 shares of the railroad operator’s stock after buying an additional 2,001 shares during the period. Surevest Inc.’s holdings in Union Pacific were worth $676,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of UNP. Martingale Asset Management L P grew its stake in Union Pacific by 27.7% in the 3rd quarter. Martingale Asset Management L P now owns 40,528 shares of the railroad operator’s stock valued at $6,600,000 after buying an additional 8,800 shares in the last quarter. Vident Investment Advisory LLC grew its position in shares of Union Pacific by 27.4% during the 3rd quarter. Vident Investment Advisory LLC now owns 2,330 shares of the railroad operator’s stock valued at $380,000 after purchasing an additional 501 shares in the last quarter. Kentucky Retirement Systems purchased a new position in shares of Union Pacific during the 3rd quarter valued at $6,388,000. Neuberger Berman Group LLC grew its position in shares of Union Pacific by 15.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 746,599 shares of the railroad operator’s stock valued at $121,569,000 after purchasing an additional 101,185 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new position in shares of Union Pacific during the 3rd quarter valued at $2,650,000. Hedge funds and other institutional investors own 79.63% of the company’s stock.
Shares of NYSE:UNP opened at $176.84 on Thursday. Union Pacific Co. has a 52-week low of $126.37 and a 52-week high of $179.55. The firm has a market capitalization of $125.10 billion, a P/E ratio of 22.36, a P/E/G ratio of 1.95 and a beta of 1.11. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 1.32.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, February 28th were given a $0.88 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a yield of 1.99%. Union Pacific’s payout ratio is 44.50%.
Union Pacific announced that its board has authorized a stock repurchase program on Thursday, February 7th that allows the company to repurchase 150,000,000 shares. This repurchase authorization allows the railroad operator to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
A number of research analysts have recently commented on the stock. BMO Capital Markets boosted their price target on shares of Union Pacific to $190.00 and gave the company an “outperform” rating in a research report on Monday. Raymond James boosted their price target on shares of Union Pacific from $192.00 to $201.00 and gave the company a “strong-buy” rating in a research report on Monday. Cowen restated an “outperform” rating and set a $187.00 price target (up from $178.00) on shares of Union Pacific in a research report on Thursday, April 18th. ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Finally, TD Securities boosted their price target on shares of Union Pacific from $170.00 to $180.00 and gave the company a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $175.35.
In other Union Pacific news, VP Todd M. Rynaski sold 8,802 shares of the business’s stock in a transaction on Monday, April 1st. The shares were 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 of the company’s stock, valued at $3,354,270. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $170.01, for a total transaction of $1,700,100.00. Following the completion of the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at $16,141,259.43. The disclosure for this sale can be found here. Insiders sold 30,287 shares of company stock valued at $5,206,315 over the last quarter. 9.96% of the stock is owned by company insiders.
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Union Pacific 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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