Montag A & Associates Inc. Grows Stake in Union Pacific Co. (NYSE:UNP)

Montag A & Associates Inc. grew its stake in shares of Union Pacific Co. (NYSE:UNPFree Report) by 84.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,720 shares of the railroad operator’s stock after purchasing an additional 13,188 shares during the quarter. Montag A & Associates Inc.’s holdings in Union Pacific were worth $5,848,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC lifted its holdings in Union Pacific by 90,390.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,697,556 shares of the railroad operator’s stock worth $2,836,353,000 after buying an additional 13,682,419 shares in the last quarter. Norges Bank acquired a new stake in Union Pacific during the 4th quarter valued at approximately $1,276,498,000. Franklin Resources Inc. increased its holdings in Union Pacific by 58.3% during the 2nd quarter. Franklin Resources Inc. now owns 6,215,626 shares of the railroad operator’s stock worth $1,271,841,000 after purchasing an additional 2,288,329 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Union Pacific in the 2nd quarter valued at approximately $397,031,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Union Pacific by 638.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,014,327 shares of the railroad operator’s stock valued at $550,334,000 after buying an additional 1,741,490 shares during the last quarter. 77.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Jennifer L. Hamann sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $235.00, for a total value of $235,000.00. Following the transaction, the chief financial officer now owns 98,297 shares in the company, valued at $23,099,795. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Union Pacific news, CEO Vincenzo J. Vena purchased 4,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average cost of $222.00 per share, for a total transaction of $999,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 5,106 shares in the company, valued at $1,133,532. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jennifer L. Hamann sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $235.00, for a total transaction of $235,000.00. Following the completion of the sale, the chief financial officer now owns 98,297 shares in the company, valued at $23,099,795. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Union Pacific Price Performance

UNP stock traded down $2.05 on Monday, hitting $247.40. 2,251,341 shares of the company’s stock traded hands, compared to its average volume of 2,411,633. The stock has a market cap of $150.82 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.71 and a beta of 1.08. The company has a current ratio of 0.81, a quick ratio of 0.57 and a debt-to-equity ratio of 2.11. The stock has a fifty day moving average of $241.15 and a 200-day moving average of $224.92. Union Pacific Co. has a 1-year low of $183.69 and a 1-year high of $251.65.

Union Pacific (NYSE:UNPGet Free Report) last released its earnings results on Thursday, January 25th. The railroad operator reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.15. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a net margin of 26.45% and a return on equity of 46.87%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the firm posted $2.67 earnings per share. On average, analysts forecast that Union Pacific Co. will post 10.96 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 29th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Wednesday, February 28th. Union Pacific’s dividend payout ratio (DPR) is currently 49.71%.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price objective on shares of Union Pacific from $282.00 to $272.00 and set an “outperform” rating on the stock in a research note on Friday, January 26th. JPMorgan Chase & Co. lowered their price objective on Union Pacific from $239.00 to $237.00 and set a “neutral” rating for the company in a report on Friday, January 26th. Raymond James raised their price objective on Union Pacific from $240.00 to $275.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 16th. UBS Group upped their target price on Union Pacific from $235.00 to $248.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Finally, Sanford C. Bernstein raised shares of Union Pacific from a “market perform” rating to an “outperform” rating and set a $280.00 price objective on the stock in a report on Monday, January 22nd. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $249.67.

Read Our Latest Report on Union Pacific

About Union Pacific

(Free Report)

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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