Level Four Advisory Services LLC reduced its holdings in Union Pacific Co. (NYSE:UNP – Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,816 shares of the railroad operator’s stock after selling 1,126 shares during the period. Level Four Advisory Services LLC’s holdings in Union Pacific were worth $2,827,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC raised its stake in shares of Union Pacific by 90,390.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,697,556 shares of the railroad operator’s stock valued at $2,836,353,000 after acquiring an additional 13,682,419 shares in the last quarter. Norges Bank acquired a new stake in Union Pacific in the 4th quarter valued at approximately $1,276,498,000. Soroban Capital Partners LP grew its holdings in Union Pacific by 77.5% in the 1st quarter. Soroban Capital Partners LP now owns 8,260,185 shares of the railroad operator’s stock valued at $1,662,445,000 after buying an additional 3,605,266 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Union Pacific by 54.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,693,943 shares of the railroad operator’s stock valued at $1,347,224,000 after buying an additional 2,349,841 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Union Pacific by 638.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,014,327 shares of the railroad operator’s stock valued at $550,334,000 after buying an additional 1,741,490 shares during the last quarter. 77.36% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Union Pacific
In other news, CFO Jennifer L. Hamann sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total transaction of $222,830.00. Following the completion of the sale, the chief financial officer now owns 99,378 shares in the company, valued at $22,144,399.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Kenyatta G. Rocker sold 8,700 shares of Union Pacific stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the completion of the sale, the executive vice president now directly owns 42,061 shares of the company’s stock, valued at $9,355,628.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jennifer L. Hamann sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $222.83, for a total value of $222,830.00. Following the completion of the transaction, the chief financial officer now directly owns 99,378 shares of the company’s stock, valued at $22,144,399.74. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.
Union Pacific Trading Down 0.7 %
Union Pacific (NYSE:UNP – Get Free Report) last released its earnings results on Wednesday, July 26th. The railroad operator reported $2.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.18). The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 55.03% and a net margin of 27.18%. The company’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.93 EPS. Analysts predict that Union Pacific Co. will post 10.49 EPS for the current fiscal year.
Union Pacific Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a dividend of $1.30 per share. The ex-dividend date is Wednesday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.46%. Union Pacific’s payout ratio is currently 47.45%.
Analyst Ratings Changes
UNP has been the topic of a number of research analyst reports. Stephens raised their target price on Union Pacific from $232.00 to $257.00 and gave the company an “overweight” rating in a report on Thursday, July 27th. Robert W. Baird raised their target price on Union Pacific from $228.00 to $260.00 in a report on Thursday, July 27th. StockNews.com started coverage on Union Pacific in a report on Thursday, August 17th. They set a “hold” rating on the stock. Citigroup lifted their price objective on Union Pacific from $235.00 to $270.00 in a report on Thursday, July 27th. Finally, Stifel Nicolaus lifted their price objective on Union Pacific from $216.00 to $223.00 in a report on Monday, July 17th. Twelve analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $233.97.
Check Out Our Latest Stock Report on Union Pacific
About Union Pacific
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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