Union Pacific Co. (NYSE:UNP) Shares Sold by Bank OZK

Bank OZK cut its stake in Union Pacific Co. (NYSE:UNP) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,516 shares of the railroad operator’s stock after selling 128 shares during the quarter. Union Pacific makes up approximately 1.3% of Bank OZK’s investment portfolio, making the stock its 19th largest position. Bank OZK’s holdings in Union Pacific were worth $2,583,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of UNP. Clearbridge Investments LLC lifted its holdings in Union Pacific by 108.9% in the third quarter. Clearbridge Investments LLC now owns 4,128,575 shares of the railroad operator’s stock valued at $840,702,000 after acquiring an additional 2,151,893 shares during the period. FMR LLC lifted its holdings in Union Pacific by 62.8% in the third quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock valued at $1,119,295,000 after acquiring an additional 2,119,382 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Union Pacific by 65.5% in the third quarter. The Manufacturers Life Insurance Company now owns 2,348,496 shares of the railroad operator’s stock valued at $478,224,000 after buying an additional 929,495 shares in the last quarter. Cerity Partners LLC increased its position in shares of Union Pacific by 331.7% in the fourth quarter. Cerity Partners LLC now owns 1,143,298 shares of the railroad operator’s stock valued at $280,817,000 after buying an additional 878,490 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Union Pacific by 20,736.8% in the fourth quarter. International Assets Investment Management LLC now owns 803,677 shares of the railroad operator’s stock valued at $197,399,000 after buying an additional 799,820 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,750 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $250.00, for a total value of $937,500.00. Following the transaction, the president now owns 56,682 shares of the company’s stock, valued at approximately $14,170,500. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

UNP has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. BMO Capital Markets boosted their price objective on Union Pacific from $270.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Sanford C. Bernstein upgraded Union Pacific from a “market perform” rating to an “outperform” rating and set a $280.00 price objective for the company in a research report on Monday, January 22nd. TD Cowen boosted their price objective on Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a research report on Friday. Finally, UBS Group boosted their price target on Union Pacific from $235.00 to $248.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average target price of $258.78.

Union Pacific Trading Down 0.3 %

NYSE:UNP traded down $0.76 during trading hours on Friday, hitting $242.79. The company had a trading volume of 2,255,458 shares, compared to its average volume of 2,120,671. The company has a current ratio of 0.93, a quick ratio of 0.67 and a debt-to-equity ratio of 1.99. The company has a 50-day moving average of $244.27 and a 200 day moving average of $234.95. The company has a market cap of $148.13 billion, a P/E ratio of 23.17, a P/E/G ratio of 2.63 and a beta of 1.07. Union Pacific Co. has a 1 year low of $190.45 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.19. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $2.67 EPS. Sell-side analysts expect that Union Pacific Co. will post 11.01 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Wednesday, February 28th. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

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, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.