Pendal Group Ltd Boosts Stock Holdings in Union Pacific Co. (NYSE:UNP)
Pendal Group Ltd increased its position in shares of Union Pacific Co. (NYSE:UNP) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,717 shares of the railroad operator’s stock after purchasing an additional 1,556 shares during the period. Pendal Group Ltd’s holdings in Union Pacific were worth $8,219,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Union Pacific by 0.7% in 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 acquiring an additional 22,644 shares in the last quarter. Geode Capital Management LLC grew its stake 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 worth $1,330,401,000 after acquiring an additional 688,775 shares during the last quarter. PFG Advisors purchased a new stake in shares of Union Pacific during the fourth quarter worth about $1,564,000. Surevest Inc. purchased a new stake in shares of Union Pacific during the fourth quarter worth about $282,000. Finally, WealthPLAN Partners LLC grew its stake in shares of Union Pacific by 6.0% during the fourth quarter. WealthPLAN Partners LLC now owns 27,297 shares of the railroad operator’s stock worth $4,647,000 after acquiring an additional 1,557 shares during the last quarter. 79.02% of the stock is owned by hedge funds and other institutional investors.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $17,093,537.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William J. Delaney III bought 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was bought at an average price of $174.06 per share, with a total value of $870,300.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $870,300. The disclosure for this purchase can be found here. 9.96% of the stock is owned by corporate insiders.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the prior year, the company earned $1.98 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. On average, equities analysts predict that Union Pacific Co. will post 8.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a $0.97 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s dividend payout ratio is presently 44.50%.
A number of brokerages have recently weighed in on UNP. Cascend Securities lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Zacks Investment Research upgraded Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 target price on the stock in a research report on Monday, July 22nd. Goldman Sachs Group began coverage on Union Pacific in a research report on Wednesday, July 10th. They issued a “buy” rating and a $198.00 target price on the stock. Credit Suisse Group set a $203.00 target price on Union Pacific and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Loop Capital upped their target price on Union Pacific to $191.00 in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. Union Pacific presently has a consensus rating of “Buy” and an average price target of $182.62.
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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