Shell Asset Management Co. cut its holdings in Union Pacific Co. (NYSE:UNP) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 136,862 shares of the railroad operator’s stock after selling 3,286 shares during the quarter. Shell Asset Management Co.’s holdings in Union Pacific were worth $22,285,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Morgan Stanley grew its position in shares of Union Pacific by 2.8% in the 2nd quarter. Morgan Stanley now owns 15,035,819 shares of the railroad operator’s stock valued at $2,130,275,000 after purchasing an additional 413,967 shares during the period. FMR LLC lifted its stake in Union Pacific by 17.3% in the 3rd quarter. FMR LLC now owns 14,457,068 shares of the railroad operator’s stock valued at $2,354,044,000 after acquiring an additional 2,136,860 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Union Pacific by 55.7% in the 2nd quarter. Janus Henderson Group PLC now owns 5,526,282 shares of the railroad operator’s stock valued at $782,980,000 after acquiring an additional 1,977,446 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Union Pacific by 1.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,110,636 shares of the railroad operator’s stock valued at $724,075,000 after acquiring an additional 91,243 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Union Pacific by 5.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,912,606 shares of the railroad operator’s stock valued at $637,090,000 after acquiring an additional 193,678 shares in the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.
In related news, EVP Lynden L. Tennison sold 8,450 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total value of $1,282,034.00. Following the sale, the executive vice president now owns 53,978 shares in the company, valued at approximately $8,189,542.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of the stock in a transaction on Monday, September 24th. The shares were sold at an average price of $163.81, for a total value of $3,276,200.00. Following the completion of the sale, the executive vice president now owns 106,518 shares in the company, valued at approximately $17,448,713.58. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 25th. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. Union Pacific had a return on equity of 25.02% and a net margin of 51.90%. The company had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.88 billion. During the same quarter in the prior year, the business posted $1.50 EPS. As a group, equities analysts expect that Union Pacific Co. will post 7.84 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, November 29th. Union Pacific’s dividend payout ratio is currently 55.27%.
Several equities research analysts have commented on UNP shares. Credit Suisse Group boosted their target price on Union Pacific from $167.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, September 20th. Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. Morgan Stanley boosted their target price on Union Pacific from $140.00 to $141.00 and gave the company a “hold” rating in a research note on Tuesday, October 9th. Bank of America boosted their target price on Union Pacific from $175.00 to $177.00 and gave the company a “buy” rating in a research note on Monday, October 1st. Finally, BMO Capital Markets boosted their target price on Union Pacific to $180.00 and gave the company an “outperform” rating in a research note on Thursday, September 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $164.47.
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Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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