Union Pacific Corporation (UNP) Shares Sold by Northstar Group Inc.
Northstar Group Inc. cut its position in shares of Union Pacific Corporation (NYSE:UNP) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,419 shares of the railroad operator’s stock after selling 188 shares during the period. Union Pacific Corporation accounts for about 1.1% of Northstar Group Inc.’s investment portfolio, making the stock its 23rd largest position. Northstar Group Inc.’s holdings in Union Pacific Corporation were worth $1,598,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Union Pacific Corporation during the third quarter worth about $324,377,000. OZ Management LP bought a new position in Union Pacific Corporation during the third quarter worth $95,719,000. Piedmont Investment Advisors LLC bought a new position in Union Pacific Corporation during the third quarter worth $41,818,000. State of Tennessee Treasury Department raised its position in Union Pacific Corporation by 130.1% in the third quarter. State of Tennessee Treasury Department now owns 728,151 shares of the railroad operator’s stock worth $71,017,000 after buying an additional 411,640 shares during the last quarter. Finally, Cohen & Steers Inc. raised its position in Union Pacific Corporation by 38.9% in the second quarter. Cohen & Steers Inc. now owns 1,367,143 shares of the railroad operator’s stock worth $119,283,000 after buying an additional 382,575 shares during the last quarter. Institutional investors and hedge funds own 79.43% of the company’s stock.
Union Pacific Corporation (NYSE:UNP) opened at 109.39 on Friday. The firm has a 50-day moving average price of $106.48 and a 200-day moving average price of $98.96. The company has a market cap of $89.02 billion, a P/E ratio of 21.58 and a beta of 0.71. Union Pacific Corporation has a 12-month low of $77.07 and a 12-month high of $111.38.
Union Pacific Corporation (NYSE:UNP) last announced its earnings results on Thursday, January 19th. The railroad operator reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.06. The firm earned $5.20 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Union Pacific Corporation had a return on equity of 20.88% and a net margin of 21.23%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 EPS. On average, equities research analysts forecast that Union Pacific Corporation will post $5.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Tuesday, February 28th will be issued a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, February 24th. Union Pacific Corporation’s dividend payout ratio (DPR) is 47.64%.
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A number of research analysts have weighed in on UNP shares. Deutsche Bank AG started coverage on Union Pacific Corporation in a report on Wednesday, November 2nd. They set a “buy” rating and a $110.00 target price for the company. Zacks Investment Research lowered Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Friday, February 3rd. Royal Bank Of Canada lifted their target price on Union Pacific Corporation from $111.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, January 20th. Morgan Stanley set a $98.00 target price on Union Pacific Corporation and gave the company a “buy” rating in a report on Friday, October 21st. Finally, Loop Capital reaffirmed a “hold” rating and set a $96.00 target price on shares of Union Pacific Corporation in a report on Sunday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Union Pacific Corporation has a consensus rating of “Hold” and an average price target of $103.49.
In other news, Director Andrew H. Card, Jr. sold 4,000 shares of Union Pacific Corporation stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $109.53, for a total value of $438,120.00. Following the completion of the transaction, the director now owns 22,400 shares in the company, valued at approximately $2,453,472. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven R. Rogel sold 7,400 shares of Union Pacific Corporation stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $100.51, for a total value of $743,774.00. Following the completion of the transaction, the director now owns 11,400 shares of the company’s stock, valued at approximately $1,145,814. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,998 shares of company stock valued at $4,394,402. Company insiders own 0.14% of the company’s stock.
Union Pacific Corporation Company Profile
Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.
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