Securian Asset Management Inc Decreases Stock Holdings in Union Pacific Co. (NYSE:UNP)
Securian Asset Management Inc decreased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 74,529 shares of the railroad operator’s stock after selling 1,032 shares during the period. Securian Asset Management Inc’s holdings in Union Pacific were worth $12,604,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in UNP. FMR LLC lifted its position in shares of Union Pacific by 29.1% during the 1st quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock valued at $2,712,416,000 after buying an additional 3,653,756 shares in the last quarter. Ellis Investment Partners LLC lifted its position in shares of Union Pacific by 16,626.5% during the 1st quarter. Ellis Investment Partners LLC now owns 2,689,126 shares of the railroad operator’s stock valued at $2,689,000 after buying an additional 2,673,049 shares in the last quarter. Ronna Sue Cohen lifted its position in shares of Union Pacific by 15,456.0% during the 1st quarter. Ronna Sue Cohen now owns 1,298,301 shares of the railroad operator’s stock valued at $1,298,000 after buying an additional 1,289,955 shares in the last quarter. Thoroughbred Financial Services LLC lifted its position in shares of Union Pacific by 17,755.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 798,662 shares of the railroad operator’s stock valued at $79,866,000 after buying an additional 794,189 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Union Pacific by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock valued at $1,330,401,000 after buying an additional 688,775 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.96% of the stock is owned by company insiders.
Shares of UNP traded down $0.15 during midday trading on Tuesday, reaching $168.61. The company had a trading volume of 42,932 shares, compared to its average volume of 2,841,799. Union Pacific Co. has a 1-year low of $128.08 and a 1-year high of $180.54. The stock has a market cap of $117.13 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.86 and a beta of 1.04. The firm has a 50 day simple moving average of $171.31 and a 200-day simple moving average of $169.67. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period last year, the company earned $1.98 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Union Pacific Co. will post 8.94 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a $0.97 dividend. The ex-dividend date is Thursday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.30%. Union Pacific’s dividend payout ratio (DPR) is 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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