Giverny Capital Inc. Acquires 2,429 Shares of Union Pacific Co. (NYSE:UNP)
Giverny Capital Inc. raised its holdings in Union Pacific Co. (NYSE:UNP) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,239 shares of the railroad operator’s stock after purchasing an additional 2,429 shares during the period. Union Pacific makes up about 2.7% of Giverny Capital Inc.’s portfolio, making the stock its 14th largest holding. Giverny Capital Inc.’s holdings in Union Pacific were worth $26,929,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its position in shares of Union Pacific by 29.1% in the 1st 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 raised its position in shares of Union Pacific by 7.7% in the 4th 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. Northern Trust Corp raised its position in shares of Union Pacific by 3.9% in the 2nd quarter. Northern Trust Corp now owns 8,546,069 shares of the railroad operator’s stock valued at $1,445,226,000 after buying an additional 318,092 shares in the last quarter. Boston Partners raised its position in shares of Union Pacific by 21.4% in the 1st quarter. Boston Partners now owns 2,973,712 shares of the railroad operator’s stock valued at $497,205,000 after buying an additional 524,537 shares in the last quarter. Finally, Ellis Investment Partners LLC raised its position in shares of Union Pacific by 16,626.5% in the 1st quarter. Ellis Investment Partners LLC now owns 2,689,126 shares of the railroad operator’s stock valued at $2,689,000 after buying an additional 2,673,049 shares in the last quarter. 78.35% of the stock is owned by hedge funds and other institutional investors.
UNP stock traded up $3.52 during trading on Friday, reaching $171.23. 325,085 shares of the company were exchanged, compared to its average volume of 3,086,802. The company has a 50-day moving average of $167.15 and a two-hundred day moving average of $169.40. The company has a market capitalization of $118.06 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 1.87 and a beta of 1.06. Union Pacific Co. has a twelve month low of $128.08 and a twelve month high of $180.54. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.72 and a quick ratio of 0.58.
The firm 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. 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 2.27%. The ex-dividend date is Thursday, August 29th. Union Pacific’s dividend payout ratio is 49.05%.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.96% of the company’s stock.
UNP has been the subject of several analyst reports. Bank of America boosted their target price on shares of Union Pacific from $179.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Raymond James set a $197.00 target price on shares of Union Pacific and gave the company a “buy” rating in a research report on Friday, July 19th. Goldman Sachs Group initiated coverage on shares of Union Pacific in a research report on Wednesday, July 10th. They issued a “buy” rating and a $198.00 target price for the company. Cowen restated a “buy” rating and issued a $184.00 target price on shares of Union Pacific in a research report on Thursday, July 18th. Finally, Loop Capital boosted their target price on shares of Union Pacific to $191.00 in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $183.62.
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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