Senator Investment Group LP Lowers Holdings in Union Pacific Corporation $UNP

Senator Investment Group LP lowered its holdings in Union Pacific Corporation (NYSE:UNP) by 14.4% in the 4th quarter, Holdings Channel reports. The firm owned 274,833 shares of the railroad operator’s stock after selling 46,274 shares during the period. Union Pacific accounts for 2.5% of Senator Investment Group LP’s portfolio, making the stock its 14th biggest holding. Senator Investment Group LP’s holdings in Union Pacific were worth $63,574,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tucker Asset Management LLC purchased a new position in shares of Union Pacific in the fourth quarter worth $25,000. SWAN Capital LLC raised its stake in shares of Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific in the fourth quarter worth $25,000. Caitlin John LLC purchased a new stake in Union Pacific during the third quarter valued at $27,000. Finally, Saranac Partners Ltd bought 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.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jennifer L. Hamann sold 2,000 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the transaction, the chief financial officer owned 114,642 shares in the company, valued at $31,492,157.40. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 34,377 shares of company stock valued at $9,251,221 in the last ninety days. Insiders own 0.22% of the company’s stock.

Union Pacific Stock Performance

NYSE:UNP opened at $267.54 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $279.70. The stock has a 50-day moving average price of $262.69 and a 200 day moving average price of $249.13. The stock has a market capitalization of $158.84 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.89 and a beta of 0.97.

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

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is presently 45.47%.

Analyst Ratings Changes

UNP has been the subject of several research reports. Robert W. Baird set a $311.00 price target on shares of Union Pacific and gave the company an “outperform” rating in a research report on Friday, March 6th. Benchmark raised their price objective on shares of Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Raymond James Financial set a $310.00 target price on shares of Union Pacific in a research report on Friday, April 24th. Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, April 21st. Finally, TD Cowen lifted their price target on shares of Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $282.21.

Union Pacific Profile

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.