Schnieders Capital Management LLC Lowers Position in Union Pacific Co. (NYSE:UNP)

Schnieders Capital Management LLC decreased its stake in Union Pacific Co. (NYSE:UNP) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,128 shares of the railroad operator’s stock after selling 238 shares during the period. Schnieders Capital Management LLC’s holdings in Union Pacific were worth $1,693,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of Union Pacific by 2.2% in the fourth quarter. BlackRock Inc. now owns 48,020,051 shares of the railroad operator’s stock valued at $6,637,811,000 after purchasing an additional 1,029,260 shares during the period. Oregon Public Employees Retirement Fund grew its stake in 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 acquiring an additional 32,563,028 shares in the last quarter. Geode Capital Management LLC grew its stake in Union Pacific by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock valued at $1,330,401,000 after acquiring an additional 688,775 shares in the last quarter. Northern Trust Corp grew its stake in Union Pacific by 3.4% during the fourth quarter. Northern Trust Corp now owns 8,284,737 shares of the railroad operator’s stock valued at $1,145,199,000 after acquiring an additional 270,547 shares in the last quarter. Finally, Norges Bank purchased a new position in Union Pacific during the fourth quarter valued at approximately $1,036,317,000. 78.93% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Rhonda S. Ferguson sold 11,485 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $175.00, for a total transaction of $2,009,875.00. Following the sale, the executive vice president now directly owns 53,858 shares of the company’s stock, valued at approximately $9,425,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Delaney III acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average cost of $174.06 per share, for a total transaction of $870,300.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $870,300. The disclosure for this purchase can be found here. Insiders sold a total of 22,865 shares of company stock worth $3,958,389 over the last ninety days. Insiders own 9.96% of the company’s stock.

Several brokerages recently commented on UNP. Citigroup boosted their price objective on shares of Union Pacific from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $190.00 to $170.00 in a research note on Thursday, June 13th. ValuEngine raised shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Deutsche Bank cut their price objective on shares of Union Pacific from $200.00 to $197.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. Finally, Sanford C. Bernstein cut shares of Union Pacific from an “outperform” rating to a “market perform” rating and set a $177.00 price objective for the company. in a research note on Monday, June 17th. 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.

NYSE UNP traded up $0.57 during trading on Wednesday, hitting $171.80. The company had a trading volume of 1,077,778 shares, compared to its average volume of 3,704,827. The stock has a fifty day simple moving average of $170.17. The firm has a market capitalization of $121.50 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.32. Union Pacific Co. has a one year low of $128.08 and a one year 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. The firm had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.51 billion. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. As a group, equities research analysts expect that Union Pacific Co. will post 9 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, May 30th. Union Pacific’s dividend payout ratio is presently 44.50%.

Union Pacific Profile

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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