Union Pacific Corporation $UNP Shares Sold by Nemes Rush Group LLC

by · The Markets Daily

Nemes Rush Group LLC cut its holdings in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,173 shares of the railroad operator’s stock after selling 2,650 shares during the quarter. Nemes Rush Group LLC’s holdings in Union Pacific were worth $9,987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Union Pacific by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator’s stock worth $13,724,045,000 after acquiring an additional 659,378 shares during the last quarter. Geode Capital Management LLC boosted its position in Union Pacific by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock worth $3,552,550,000 after acquiring an additional 296,814 shares during the last quarter. Capital World Investors boosted its position in Union Pacific by 193.3% during the third quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock worth $2,477,404,000 after acquiring an additional 6,908,016 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Union Pacific by 72.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock worth $2,169,168,000 after acquiring an additional 3,861,636 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in Union Pacific by 95.0% during the third quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock worth $2,059,538,000 after acquiring an additional 4,244,226 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNP has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their target price on shares of Union Pacific from $267.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Benchmark boosted their target price on shares of Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, April 24th. Raymond James Financial set a $310.00 target price on shares of Union Pacific in a report on Friday, April 24th. Finally, Robert W. Baird set a $311.00 target price on shares of Union Pacific and gave the company an “outperform” rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $282.21.

View Our Latest Report on UNP

Union Pacific Price Performance

Union Pacific stock opened at $272.28 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The company has a market capitalization of $161.66 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 2.89 and a beta of 0.97. The company’s 50 day simple moving average is $259.32 and its 200-day simple moving average is $247.03. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $279.70.

Union Pacific (NYSE:UNP – Get Free Report) last posted its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter last year, the firm earned $2.70 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities research analysts expect that Union Pacific Corporation will post 12.53 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is 45.47%.

Insider Activity at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the sale, the executive vice president owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This trade represents a 30.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 34,377 shares of company stock worth $9,251,221. Insiders own 0.22% of the company’s stock.

Union Pacific Profile

(Free Report)

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

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