Union Pacific Co. (NYSE:UNP) Shares Acquired by Fairfield Bush & CO.
Fairfield Bush & CO. lifted its position in shares of Union Pacific Co. (NYSE:UNP) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,670 shares of the railroad operator’s stock after purchasing an additional 170 shares during the period. Fairfield Bush & CO.’s holdings in Union Pacific were worth $1,928,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Union Pacific by 0.8% during the first quarter. BlackRock Inc. now owns 46,550,043 shares of the railroad operator’s stock worth $6,565,420,000 after buying an additional 386,175 shares during the last quarter. State Street Corp grew its holdings in shares of Union Pacific by 6.1% during the fourth quarter. State Street Corp now owns 30,839,788 shares of the railroad operator’s stock worth $5,575,525,000 after buying an additional 1,775,306 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Union Pacific by 3.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,248,916 shares of the railroad operator’s stock worth $2,395,272,000 after buying an additional 444,180 shares during the last quarter. Capital World Investors grew its holdings in shares of Union Pacific by 10.2% during the fourth quarter. Capital World Investors now owns 12,271,317 shares of the railroad operator’s stock worth $2,218,531,000 after buying an additional 1,139,795 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Union Pacific by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 9,539,820 shares of the railroad operator’s stock worth $1,721,373,000 after buying an additional 134,677 shares during the last quarter. Institutional investors and hedge funds own 79.00% of the company’s stock.
A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on Union Pacific from $144.00 to $157.00 and gave the company a “hold” rating in a report on Friday, April 24th. Cowen boosted their price target on Union Pacific from $156.00 to $163.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Evercore ISI began coverage on shares of Union Pacific in a research note on Thursday, March 26th. They set an “outperform” rating and a $174.00 price objective for the company. Barclays decreased their price target on shares of Union Pacific from $200.00 to $140.00 and set an “equal weight” rating for the company in a research report on Thursday, April 9th. Finally, Stephens upped their price objective on shares of Union Pacific from $167.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Union Pacific has an average rating of “Buy” and an average price target of $172.76.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 23rd. The railroad operator reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.25. The firm had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Union Pacific had a net margin of 27.85% and a return on equity of 34.15%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $1.93 earnings per share. As a group, sell-side analysts anticipate that Union Pacific Co. will post 7.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a $0.97 dividend. The ex-dividend date is Thursday, May 28th. This represents a $3.88 annualized dividend and a dividend yield of 2.18%. Union Pacific’s dividend payout ratio (DPR) is presently 46.30%.
In other news, Director William J. Delaney III purchased 15,000 shares of Union Pacific stock in a transaction that occurred on Tuesday, March 31st. The stock was acquired at an average price of $138.20 per share, for a total transaction of $2,073,000.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $2,764,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
Union Pacific 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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