Union Pacific Corporation $UNP Shares Acquired by Cullen Capital Management LLC

Cullen Capital Management LLC increased its stake in Union Pacific Corporation (NYSE:UNP) by 1,612.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,665 shares of the railroad operator’s stock after acquiring an additional 146,576 shares during the period. Cullen Capital Management LLC’s holdings in Union Pacific were worth $36,008,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Capital World Investors raised its stake in Union Pacific by 92.1% in the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock valued at $4,658,142,000 after buying an additional 9,655,306 shares in the last quarter. Norges Bank acquired a new stake in Union Pacific in the fourth quarter valued at $1,779,907,000. Capital Research Global Investors raised its stake in Union Pacific by 95.0% in the third quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock valued at $2,059,538,000 after buying an additional 4,244,226 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Union Pacific by 72.7% in 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 valued at $2,169,168,000 after buying an additional 3,861,636 shares in the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new stake in Union Pacific in the third quarter valued at $408,592,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Shares of UNP stock opened at $272.37 on Friday. The stock’s 50-day moving average is $262.23 and its two-hundred day moving average is $248.69. The firm has a market cap of $161.71 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.84 and a beta of 0.97. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $279.70. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.07. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.70 earnings per share. Analysts predict that Union Pacific Corporation will post 12.55 earnings per share for the current year.

Union Pacific Announces Dividend

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

Insiders Place Their Bets

In other Union Pacific news, EVP Kenyatta G. Rocker sold 27,387 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This trade represents a 30.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jennifer L. Hamann sold 2,000 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was 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 approximately $31,492,157.40. The trade was a 1.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 34,377 shares of company stock valued at $9,251,221. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on UNP. Benchmark raised their price target on Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. Citigroup restated a “buy” rating and issued a $307.00 price target (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. UBS Group restated a “neutral” rating and issued a $274.00 price target (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. Finally, TD Cowen raised their price target on Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, April 24th. One equities research 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 stock. According to data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $282.21.

About Union Pacific

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.