Matthew Goff Investment Advisor LLC increased its stake in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 4.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 27,459 shares of the railroad operator’s stock after acquiring an additional 1,173 shares during the period. Union Pacific makes up approximately 1.3% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 23rd largest holding. Matthew Goff Investment Advisor LLC’s holdings in Union Pacific were worth $5,619,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of UNP. Moneta Group Investment Advisors LLC increased its holdings in shares of Union Pacific by 90,390.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,697,556 shares of the railroad operator’s stock valued at $2,836,353,000 after acquiring an additional 13,682,419 shares during the last quarter. Norges Bank bought a new stake in shares of Union Pacific in the 4th quarter valued at approximately $1,276,498,000. Soroban Capital Partners LP increased its holdings in shares of Union Pacific by 77.5% in the 1st quarter. Soroban Capital Partners LP now owns 8,260,185 shares of the railroad operator’s stock valued at $1,662,445,000 after acquiring an additional 3,605,266 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Union Pacific by 54.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,693,943 shares of the railroad operator’s stock valued at $1,347,224,000 after acquiring an additional 2,349,841 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Union Pacific by 638.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,014,327 shares of the railroad operator’s stock valued at $550,334,000 after acquiring an additional 1,741,490 shares during the last quarter. 77.36% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on Union Pacific from $216.00 to $223.00 in a report on Monday, July 17th. Barclays upped their price objective on Union Pacific from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Raymond James upped their price objective on Union Pacific from $230.00 to $270.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 27th. Robert W. Baird upped their price objective on Union Pacific from $228.00 to $260.00 in a research note on Thursday, July 27th. Finally, StockNews.com started coverage on Union Pacific in a research note on Thursday, August 17th. They set a “hold” rating for the company. Twelve investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.97.
In other news, EVP Kenyatta G. Rocker sold 8,700 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the completion of the sale, the executive vice president now directly owns 42,061 shares of the company’s stock, valued at $9,355,628.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Jennifer L. Hamann sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total transaction of $222,830.00. Following the transaction, the chief financial officer now directly owns 99,378 shares of the company’s stock, valued at $22,144,399.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenyatta G. Rocker sold 8,700 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total value of $1,935,141.00. Following the transaction, the executive vice president now directly owns 42,061 shares in the company, valued at $9,355,628.23. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.
Union Pacific Trading Down 0.3 %
Shares of Union Pacific stock opened at $212.57 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 2.39. The firm has a market cap of $129.55 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.11. The business has a fifty day simple moving average of $220.88 and a 200-day simple moving average of $206.44. Union Pacific Co. has a fifty-two week low of $183.69 and a fifty-two week high of $240.48.
Union Pacific (NYSE:UNP – Get Free Report) last announced its earnings results on Wednesday, July 26th. The railroad operator reported $2.57 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.18). Union Pacific had a net margin of 27.18% and a return on equity of 55.03%. The company had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same period in the prior year, the company earned $2.93 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities analysts forecast that Union Pacific Co. will post 10.5 EPS for the current fiscal year.
Union Pacific Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Wednesday, August 30th. Union Pacific’s dividend payout ratio is 47.45%.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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