Legal & General Group Plc Trims Stock Holdings in Union Pacific Corporation $UNP

by · The Cerbat Gem

Legal & General Group Plc reduced its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 2.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,458,170 shares of the railroad operator’s stock after selling 125,974 shares during the period. Legal & General Group Plc’s holdings in Union Pacific were worth $1,031,264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tucker Asset Management LLC purchased a new stake in Union Pacific in the 4th quarter valued at about $25,000. Rachor Investment Advisory Services LLC purchased a new stake in Union Pacific in the 4th quarter valued at about $25,000. Caitlin John LLC purchased a new stake in Union Pacific in the 3rd quarter valued at about $27,000. Saranac Partners Ltd acquired a new position in Union Pacific in the 3rd quarter valued at about $27,000. Finally, High Point Wealth Management LLC acquired a new position in Union Pacific in the 4th quarter valued at about $26,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Union Pacific

In other Union Pacific news, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the transaction, the chief financial officer directly owned 114,642 shares in the company, valued at $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the 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 transaction, the executive vice president owned 61,102 shares in the company, valued at $16,605,079.52. This represents a 30.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 31,386 shares of company stock valued at $8,461,716. 0.22% of the stock is currently owned by corporate insiders.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $265.65 on Monday. Union Pacific Corporation has a one year low of $210.84 and a one year high of $276.40. The company has a market cap of $157.72 billion, a PE ratio of 21.88, a P/E/G ratio of 2.82 and a beta of 0.99. 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 business has a 50-day simple moving average of $253.79 and a 200-day simple moving average of $243.99.

Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the previous year, the company posted $2.70 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that Union Pacific Corporation will post 12.53 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. Union Pacific’s payout ratio is currently 45.47%.

Wall Street Analyst Weigh In

UNP has been the subject of several research reports. Citigroup reaffirmed a “buy” rating and issued a $307.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. Benchmark lifted their target price on Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. lifted their target price on Union Pacific from $267.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Robert W. Baird set a $311.00 target price on Union Pacific and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, Barclays reaffirmed an “overweight” rating and issued a $315.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.47.

Check Out Our Latest Report on UNP

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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