Deseret Mutual Benefit Administrators boosted its stake in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,272 shares of the railroad operator’s stock after purchasing an additional 52 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Union Pacific were worth $974,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Union Pacific by 0.9% during the 3rd quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock valued at $6,109,829,000 after acquiring an additional 217,780 shares in the last quarter. Geode Capital Management LLC boosted its position in Union Pacific by 1.4% during the third quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock valued at $3,146,451,000 after purchasing an additional 182,620 shares during the last quarter. Franklin Resources Inc. grew its stake in Union Pacific by 9.3% in the third quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock valued at $1,795,993,000 after purchasing an additional 625,492 shares in the last quarter. Fisher Asset Management LLC increased its position in Union Pacific by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock worth $1,549,271,000 after purchasing an additional 143,896 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Union Pacific by 0.6% during the 3rd quarter. FMR LLC now owns 5,020,107 shares of the railroad operator’s stock worth $1,237,356,000 after purchasing an additional 31,899 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.
Insiders Place Their Bets
In other Union Pacific news, President Elizabeth F. Whited sold 7,500 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the sale, the president now owns 64,960 shares of the company’s stock, valued at $16,240,000. The trade was a 10.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Craig V. Richardson sold 6,495 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the transaction, the executive vice president now directly owns 26,319 shares of the company’s stock, valued at $6,632,388. The trade was a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
Union Pacific Trading Down 0.9 %
Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same period last year, the business posted $2.71 EPS. As a group, sell-side analysts expect that Union Pacific Co. will post 11.99 EPS for the current year.
Union Pacific Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $1.34 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.36 annualized dividend and a yield of 2.18%. Union Pacific’s dividend payout ratio (DPR) is 48.33%.
Analysts Set New Price Targets
UNP has been the subject of several recent research reports. Barclays boosted their price target on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Susquehanna decreased their target price on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Guggenheim increased their price target on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. reduced their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Raymond James reissued a “strong-buy” rating and set a $285.00 target price (up from $265.00) on shares of Union Pacific in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.40.
View Our Latest Research Report on UNP
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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