Dividend Assets Capital LLC Lowers Holdings in Union Pacific Co. (NYSE:UNP)
Dividend Assets Capital LLC decreased its stake in Union Pacific Co. (NYSE:UNP) by 0.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,792 shares of the railroad operator’s stock after selling 283 shares during the quarter. Union Pacific makes up 1.3% of Dividend Assets Capital LLC’s holdings, making the stock its 22nd largest position. Dividend Assets Capital LLC’s holdings in Union Pacific were worth $7,007,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of UNP. Vantage Consulting Group Inc purchased a new position in Union Pacific during the fourth quarter worth approximately $30,000. Syverson Strege & Co purchased a new position in Union Pacific during the fourth quarter worth approximately $31,000. MPS Loria Financial Planners LLC boosted its position in Union Pacific by 48.6% during the fourth quarter. MPS Loria Financial Planners LLC now owns 162 shares of the railroad operator’s stock worth $33,000 after purchasing an additional 53 shares in the last quarter. McCarthy Asset Management Inc. acquired a new position in shares of Union Pacific during the fourth quarter valued at approximately $36,000. Finally, DB Wealth Management Group LLC acquired a new position in shares of Union Pacific during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 77.83% of the company’s stock.
A number of brokerages have commented on UNP. Vertical Research began coverage on Union Pacific in a report on Friday, March 26th. They set a “buy” rating for the company. TD Securities increased their target price on Union Pacific from $240.00 to $245.00 and gave the company a “hold” rating in a report on Friday, April 23rd. Morgan Stanley increased their target price on Union Pacific from $180.00 to $190.00 and gave the company an “equal weight” rating in a report on Thursday, April 29th. Smith Barney Citigroup increased their target price on Union Pacific from $215.00 to $250.00 in a report on Monday, January 11th. Finally, UBS Group increased their price target on Union Pacific from $219.00 to $230.00 and gave the company a “buy” rating in a report on Friday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $217.57.
Union Pacific (NYSE:UNP) last released its earnings results on Wednesday, April 21st. The railroad operator reported $2.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.06). The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.07 billion. Union Pacific had a net margin of 27.40% and a return on equity of 31.71%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the business posted $2.15 earnings per share. As a group, sell-side analysts expect that Union Pacific Co. will post 8.02 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, February 26th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, February 25th. Union Pacific’s dividend payout ratio (DPR) is currently 46.30%.
In other news, VP Todd M. Rynaski sold 7,698 shares of the business’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $212.00, for a total transaction of $1,631,976.00. Following the sale, the vice president now owns 17,197 shares of the company’s stock, valued at approximately $3,645,764. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Elizabeth F. Whited sold 1,491 shares of the business’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $215.00, for a total value of $320,565.00. Following the sale, the executive vice president now directly owns 34,124 shares in the company, valued at approximately $7,336,660. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
Union Pacific Profile
Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.
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