Factory Mutual Insurance Co. reduced its position in shares of Union Pacific Co. (NYSE:UNP) by 25.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,779 shares of the railroad operator’s stock after selling 129,800 shares during the period. Factory Mutual Insurance Co.’s holdings in Union Pacific were worth $60,701,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC purchased a new position in shares of Union Pacific during the 2nd quarter valued at $105,000. Landaas & Co. WI ADV purchased a new position in shares of Union Pacific during the 2nd quarter valued at $133,000. grace capital purchased a new position in shares of Union Pacific during the 2nd quarter valued at $142,000. Exane Derivatives grew its position in shares of Union Pacific by 85.1% during the 2nd quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock valued at $155,000 after purchasing an additional 504 shares in the last quarter. Finally, Brand Asset Management Group Inc. purchased a new position in shares of Union Pacific during the 2nd quarter valued at $169,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.
Shares of NYSE:UNP opened at $162.39 on Wednesday. Union Pacific Co. has a 52-week low of $108.71 and a 52-week high of $165.63. The firm has a market capitalization of $120.41 billion, a P/E ratio of 28.05, a P/E/G ratio of 1.97 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 1.03 and a debt-to-equity ratio of 1.07.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.04. Union Pacific had a net margin of 51.31% and a return on equity of 23.63%. The company had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts predict that Union Pacific Co. will post 7.77 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, August 31st were given a $0.80 dividend. The ex-dividend date was Thursday, August 30th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.73. This represents a $3.20 annualized dividend and a yield of 1.97%. Union Pacific’s payout ratio is 55.27%.
A number of research firms have recently commented on UNP. Zacks Investment Research upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a research report on Wednesday, September 19th. UBS Group boosted their price target on shares of Union Pacific from $161.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, September 20th. Loop Capital upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Barclays restated a “buy” rating and set a $180.00 price target on shares of Union Pacific in a research report on Wednesday, September 26th. Finally, ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $156.60.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 20,000 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $163.81, for a total value of $3,276,200.00. Following the completion of the sale, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at $17,448,713.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lynden L. Tennison sold 8,450 shares of the business’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the sale, the executive vice president now directly owns 53,978 shares of the company’s stock, valued at $8,189,542.16. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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