Garland Capital Management Inc. reduced its holdings in Union Pacific Co. (NYSE:UNP) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,278 shares of the railroad operator’s stock after selling 550 shares during the quarter. Union Pacific makes up 4.1% of Garland Capital Management Inc.’s portfolio, making the stock its 6th biggest holding. Garland Capital Management Inc.’s holdings in Union Pacific were worth $5,797,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Union Pacific by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,425,071 shares of the railroad operator’s stock worth $473,437,000 after buying an additional 22,644 shares during the period. Geode Capital Management LLC raised its holdings in shares of Union Pacific by 7.7% in 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. Brandywine Global Investment Management LLC raised its holdings in shares of Union Pacific by 6.9% in the fourth quarter. Brandywine Global Investment Management LLC now owns 204,863 shares of the railroad operator’s stock worth $28,319,000 after acquiring an additional 13,302 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Union Pacific by 1.6% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 15,710 shares of the railroad operator’s stock worth $2,172,000 after acquiring an additional 251 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Union Pacific in the fourth quarter worth $3,414,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.
In related news, Director William J. Delaney III bought 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $870,300. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $17,093,537.72. The disclosure for this sale can be found here. 9.96% of the stock is owned by corporate insiders.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, topping 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 company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the prior year, the business earned $1.98 earnings per share. The company’s revenue was down 1.3% compared to the same quarter last year. As a group, research analysts predict that Union Pacific Co. will post 8.96 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a $0.97 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, August 29th. This represents a $3.88 annualized dividend and a dividend yield of 2.24%. Union Pacific’s dividend payout ratio is presently 44.50%.
A number of equities analysts have recently weighed in on UNP shares. Deutsche Bank boosted their price target on Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Cowen reiterated a “buy” rating and issued a $184.00 target price on shares of Union Pacific in a research note on Thursday, July 18th. Cascend Securities lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Morgan Stanley set a $140.00 target price on Union Pacific and gave the company a “sell” rating in a research note on Friday, July 19th. Finally, Stifel Nicolaus set a $170.00 target price on Union Pacific and gave the company a “hold” rating in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus 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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