Ferguson Wellman Capital Management Inc. increased its holdings in Union Pacific Co. (NYSE:UNP) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,099 shares of the railroad operator’s stock after buying an additional 2,310 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Union Pacific were worth $25,890,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Naples Global Advisors LLC raised its position in shares of Union Pacific by 1.1% during the 1st quarter. Naples Global Advisors LLC now owns 5,734 shares of the railroad operator’s stock valued at $959,000 after buying an additional 60 shares in the last quarter. Community Bank & Trust Waco Texas raised its position in shares of Union Pacific by 0.3% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 22,618 shares of the railroad operator’s stock valued at $3,825,000 after buying an additional 60 shares in the last quarter. Weatherstone Capital Management raised its position in shares of Union Pacific by 3.1% during the 1st quarter. Weatherstone Capital Management now owns 2,172 shares of the railroad operator’s stock valued at $363,000 after buying an additional 66 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of Union Pacific by 18.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 436 shares of the railroad operator’s stock valued at $74,000 after buying an additional 67 shares in the last quarter. Finally, Cozad Asset Management Inc. raised its position in shares of Union Pacific by 1.2% during the 1st quarter. Cozad Asset Management Inc. now owns 5,853 shares of the railroad operator’s stock valued at $979,000 after buying an additional 70 shares in the last quarter. 78.93% of the stock is owned by institutional investors.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 1,380 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $180.01, for a total value of $248,413.80. Following the transaction, the executive vice president now owns 94,943 shares in the company, valued at $17,090,689.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William J. Delaney III acquired 5,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was purchased at an average price of $174.06 per share, for a total transaction of $870,300.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $870,300. The disclosure for this purchase can be found here. 9.96% of the stock is currently owned by insiders.
Several analysts have recently weighed in on UNP shares. Morgan Stanley set a $620.00 price objective on shares of Intuitive Surgical and gave the company a “buy” rating in a research report on Friday, July 19th. Loop Capital raised their price objective on shares of Union Pacific to $191.00 in a research report on Friday, July 19th. Barclays restated a “buy” rating on shares of 1&1 Drillisch in a research report on Thursday, June 13th. Citigroup set a $20.00 price objective on shares of Compania de Minas Buenaventura SAA and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Goldman Sachs Group cut shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $182.62.
NYSE:UNP traded up $1.39 during trading hours on Friday, reaching $174.61. The company’s stock had a trading volume of 445,189 shares, compared to its average volume of 3,249,353. The company has a market capitalization of $122.85 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 1.95 and a beta of 1.04. The firm’s 50-day moving average price is $170.37. Union Pacific Co. has a 1 year low of $128.08 and a 1 year high of $180.02. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.72 and a quick ratio of 0.58.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 EPS. Research analysts expect that Union Pacific Co. will post 8.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 2.22%. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio (DPR) is presently 44.50%.
Union Pacific Company 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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