Findlay Park Partners LLP Lowers Stock Holdings in Union Pacific Co. (NYSE:UNP)

Findlay Park Partners LLP reduced its position in shares of Union Pacific Co. (NYSE:UNPGet Rating) by 19.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 800,731 shares of the railroad operator’s stock after selling 198,474 shares during the period. Findlay Park Partners LLP’s holdings in Union Pacific were worth $201,728,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at $32,000. Moors & Cabot Inc. raised its stake in shares of Union Pacific by 20.4% in the third quarter. Moors & Cabot Inc. now owns 30,000 shares of the railroad operator’s stock valued at $33,000 after acquiring an additional 5,078 shares in the last quarter. Ahrens Investment Partners LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at $36,000. Retirement Planning Co of New England Inc. acquired a new stake in shares of Union Pacific in the fourth quarter valued at $38,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 80.26% of the company’s stock.

In related news, EVP Kenyatta G. Rocker sold 4,018 shares of the firm’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $250.00, for a total transaction of $1,004,500.00. Following the transaction, the executive vice president now owns 41,177 shares of the company’s stock, valued at $10,294,250. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.28% of the company’s stock.

Several brokerages have recently issued reports on UNP. TD Securities increased their price objective on Union Pacific from $265.00 to $275.00 and gave the company a “hold” rating in a research note on Friday, April 22nd. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. Deutsche Bank Aktiengesellschaft cut their price target on Union Pacific from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Monday, January 24th. Cowen raised their price target on Union Pacific from $236.00 to $257.00 in a research note on Friday, January 21st. Finally, Royal Bank of Canada cut Union Pacific from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $271.00 to $258.00 in a research note on Thursday, March 17th. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $267.74.

Shares of NYSE UNP traded up $4.83 during midday trading on Friday, reaching $230.76. 3,263,834 shares of the company were exchanged, compared to its average volume of 3,182,090. The company has a current ratio of 0.71, a quick ratio of 0.58 and a debt-to-equity ratio of 2.58. Union Pacific Co. has a 1 year low of $195.68 and a 1 year high of $278.94. The stock has a fifty day simple moving average of $248.94 and a 200 day simple moving average of $246.51. The stock has a market cap of $144.92 billion, a P/E ratio of 21.94, a PEG ratio of 1.92 and a beta of 1.21.

Union Pacific (NYSE:UNPGet Rating) last released its quarterly earnings results on Thursday, April 21st. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.02. Union Pacific had a return on equity of 50.20% and a net margin of 30.06%. The firm had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter last year, the company posted $2.00 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. As a group, analysts forecast that Union Pacific Co. will post 11.64 earnings per share for the current year.

Union Pacific announced that its Board of Directors has authorized a share buyback plan on Thursday, February 3rd that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the railroad operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Tuesday, May 31st will be issued a dividend of $1.30 per share. The ex-dividend date is Friday, May 27th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.25%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.18. Union Pacific’s dividend payout ratio (DPR) is currently 44.87%.

Union Pacific Profile (Get Rating)

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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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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