Leavell Investment Management Inc. trimmed its stake in Union Pacific Co. (NYSE:UNP) by 3.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,474 shares of the railroad operator’s stock after selling 295 shares during the quarter. Leavell Investment Management Inc.’s holdings in Union Pacific were worth $1,264,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of UNP. FMR LLC grew its holdings in shares of Union Pacific by 29.1% during the first 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. Geode Capital Management LLC grew its holdings in shares of Union Pacific by 7.7% during the fourth 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. Norges Bank purchased a new position in shares of Union Pacific during the fourth quarter valued at $1,036,317,000. Legal & General Group Plc grew its holdings in shares of Union Pacific by 4.5% during the fourth quarter. Legal & General Group Plc now owns 4,294,917 shares of the railroad operator’s stock valued at $593,686,000 after buying an additional 186,625 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Union Pacific by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,425,071 shares of the railroad operator’s stock valued at $473,437,000 after buying an additional 22,644 shares in the last quarter. Institutional investors and hedge funds own 79.30% of the company’s stock.
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 stock was sold at an average price of $180.01, for a total value of $248,413.80. Following the completion of the sale, the executive vice president now owns 94,943 shares of the company’s stock, valued at $17,090,689.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Delaney III purchased 5,000 shares of Union Pacific stock in a transaction on Monday, May 20th. The stock was bought at an average cost of $174.06 per share, with a total value of $870,300.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $870,300. The disclosure for this purchase can be found here. 9.96% of the stock is owned by insiders.
Shares of NYSE UNP opened at $178.67 on Wednesday. The company has a 50-day moving average price of $170.75. 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 Co. has a one year low of $128.08 and a one year high of $180.02. The stock has a market capitalization of $122.75 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.95 and a beta of 1.04.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, beating 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 firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the previous year, the company posted $1.98 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts forecast that Union Pacific Co. will post 8.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a $0.97 dividend. The ex-dividend date is Thursday, August 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.17%. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s payout ratio is currently 44.50%.
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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