Prio Wealth Limited Partnership Lowers Position in Union Pacific Co. (NYSE:UNP)

Prio Wealth Limited Partnership lessened its stake in Union Pacific Co. (NYSE:UNP) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,241 shares of the railroad operator’s stock after selling 1,594 shares during the period. Prio Wealth Limited Partnership’s holdings in Union Pacific were worth $3,718,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of UNP. Oregon Public Employees Retirement Fund grew its holdings in shares of Union Pacific by 18,524.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,738,808 shares of the railroad operator’s stock valued at $237,000 after buying an additional 32,563,028 shares during the last quarter. Norges Bank bought a new stake in shares of Union Pacific in the fourth quarter valued at approximately $1,036,317,000. Jennison Associates LLC raised its position in shares of Union Pacific by 450.0% in the fourth quarter. Jennison Associates LLC now owns 5,134,698 shares of the railroad operator’s stock valued at $709,769,000 after purchasing an additional 4,201,086 shares during the period. Ellis Investment Partners LLC raised its position in shares of Union Pacific by 16,626.5% in the first quarter. Ellis Investment Partners LLC now owns 2,689,126 shares of the railroad operator’s stock valued at $2,689,000 after purchasing an additional 2,673,049 shares during the period. Finally, Boston Partners raised its position in shares of Union Pacific by 192.1% in the fourth quarter. Boston Partners now owns 2,449,175 shares of the railroad operator’s stock valued at $338,550,000 after purchasing an additional 1,610,779 shares during the period. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Shares of NYSE:UNP traded up $0.57 during midday trading on Wednesday, reaching $171.80. The company’s stock had a trading volume of 1,077,778 shares, compared to its average volume of 3,704,827. The business has a 50 day moving average of $170.17. The stock has a market capitalization of $121.50 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 1.91 and a beta of 1.04. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.32. Union Pacific Co. has a 12-month low of $128.08 and a 12-month high of $180.02.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.04. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The firm had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the prior year, the firm earned $1.68 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. As a group, analysts predict that Union Pacific Co. will post 9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, May 30th. Union Pacific’s dividend payout ratio (DPR) is 44.50%.

Several brokerages recently commented on UNP. Deutsche Bank set a $200.00 price objective on shares of Union Pacific and gave the company a “buy” rating in a research note on Monday, April 22nd. Citigroup boosted their price target on shares of Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. ValuEngine cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Loop Capital cut shares of Union Pacific from a “buy” rating to a “hold” rating and cut their price objective for the company from $193.00 to $182.00 in a research note on Tuesday, March 19th. Finally, Zacks Investment Research cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $175.80.

In related news, EVP Robert M. Knight, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $170.01, for a total transaction of $1,700,100.00. Following the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $16,141,259.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $180.01, for a total transaction of $248,413.80. Following the sale, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $17,090,689.43. The disclosure for this sale can be found here. Insiders have sold a total of 22,865 shares of company stock worth $3,958,389 over the last three months. 9.96% of the stock is currently owned by insiders.

About Union Pacific

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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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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