Union Pacific Corporation $UNP Shares Sold by Magellan Asset Management Ltd

Magellan Asset Management Ltd decreased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 10.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 257,154 shares of the railroad operator’s stock after selling 29,284 shares during the quarter. Magellan Asset Management Ltd’s holdings in Union Pacific were worth $62,391,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of UNP. Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Union Pacific in the 1st quarter valued at about $6,082,000. IVY Lane Capital Management LLC increased its stake in shares of Union Pacific by 25.0% during the first quarter. IVY Lane Capital Management LLC now owns 25,000 shares of the railroad operator’s stock worth $6,066,000 after buying an additional 5,000 shares during the period. ABN Amro Investment Solutions increased its stake in shares of Union Pacific by 2.3% during the first quarter. ABN Amro Investment Solutions now owns 53,158 shares of the railroad operator’s stock worth $12,897,000 after buying an additional 1,174 shares during the period. Oslo Pensjonsforsikring AS acquired a new stake in Union Pacific in the first quarter valued at approximately $389,000. Finally, Andra AP fonden raised its holdings in Union Pacific by 532.1% in the first quarter. Andra AP fonden now owns 76,473 shares of the railroad operator’s stock valued at $18,554,000 after acquiring an additional 64,375 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UNP shares. Benchmark reiterated a “buy” rating and issued a $325.00 price target (up from $300.00) on shares of Union Pacific in a research note on Wednesday, July 15th. TD Cowen increased their price objective on shares of Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Union Pacific from $275.00 to $304.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Citigroup initiated coverage on shares of Union Pacific in a research report on Wednesday, July 15th. They set an “outperform” rating for the company. Finally, UBS Group reiterated a “neutral” rating and set a $274.00 target price (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $299.11.

Insider Activity

In related news, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the sale, the executive vice president directly owned 61,102 shares in the company, valued at $16,605,079.52. This trade represents a 30.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the sale, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,378 shares of company stock worth $8,781,595. Corporate insiders own 0.22% of the company’s stock.

Union Pacific Price Performance

UNP stock opened at $293.07 on Wednesday. The business has a 50 day moving average price of $273.12 and a 200 day moving average price of $257.03. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. The stock has a market cap of $174.00 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 3.10 and a beta of 0.96. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $303.15.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same period in the prior year, the firm posted $2.70 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. Equities research analysts anticipate that Union Pacific Corporation will post 12.62 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio is presently 45.47%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.