Union Pacific Corporation $UNP Stock Position Reduced by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lessened its stake in Union Pacific Corporation (NYSE:UNP) by 1.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 234,467 shares of the railroad operator’s stock after selling 4,647 shares during the quarter. Union Pacific makes up 1.1% of Deprince Race & Zollo Inc.’s holdings, making the stock its 21st largest position. Deprince Race & Zollo Inc.’s holdings in Union Pacific were worth $56,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rachor Investment Advisory Services LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at $25,000. Tucker Asset Management LLC acquired a new stake in Union Pacific during the fourth quarter valued at $25,000. SWAN Capital LLC boosted its position in Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. High Point Wealth Management LLC acquired a new stake in Union Pacific during the fourth quarter valued at $26,000. Finally, Saranac Partners Ltd purchased a new position in Union Pacific in the third quarter valued at about $27,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UNP. Barclays reaffirmed an “overweight” rating and issued a $315.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. UBS Group reissued a “neutral” rating and issued a $274.00 price target (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. TD Cowen increased their price objective on Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Benchmark lifted their target price on shares of Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $289.00 price target (up from $273.00) on shares of Union Pacific in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $283.11.

Insider Activity

In other news, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the completion of the sale, the executive vice president directly owned 61,102 shares in the company, valued at approximately $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,378 shares of company stock valued at $8,781,595 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $277.79 on Thursday. The business’s 50-day simple moving average is $266.41 and its 200-day simple moving average is $251.76. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $279.70. The firm has a market cap of $164.93 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.86 and a beta of 0.96.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.07. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.70 EPS. As a group, equities research analysts expect that Union Pacific Corporation will post 12.55 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were given a $1.38 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.0%. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.