Sargent Investment Group LLC Invests $848,000 in Union Pacific Corporation $UNP

Sargent Investment Group LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,665 shares of the railroad operator’s stock, valued at approximately $848,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in UNP. Capital World Investors grew its stake in shares of Union Pacific by 92.1% during the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after purchasing an additional 9,655,306 shares during the period. Norges Bank acquired a new stake in shares of Union Pacific during the fourth quarter worth $1,779,907,000. Capital Research Global Investors grew its stake in shares of 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 purchasing an additional 4,244,226 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 purchasing an additional 3,861,636 shares during the period. Finally, EdgePoint Investment Group Inc. acquired a new stake in shares of Union Pacific during the third quarter worth $408,592,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 1.9%

NYSE:UNP opened at $267.54 on Tuesday. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $279.70. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. The stock has a market cap of $158.84 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 2.89 and a beta of 0.97. The stock has a 50-day moving average price of $262.69 and a two-hundred day moving average price of $249.13.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period in the previous year, the firm earned $2.70 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. As a group, equities analysts expect that Union Pacific Corporation will post 12.55 earnings per share for the current year.

Union Pacific Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Susquehanna reaffirmed a “positive” rating and set a $305.00 price objective on shares of Union Pacific in a research note on Friday, June 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $289.00 price objective (up from $273.00) on shares of Union Pacific in a research note on Friday, April 24th. UBS Group reaffirmed a “neutral” rating and set a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. Benchmark lifted their price objective on Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Raymond James Financial set a $310.00 price objective on Union Pacific in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average target price of $282.21.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the completion of the transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. The trade was 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 34,377 shares of company stock valued at $9,251,221. Company insiders own 0.22% of the company’s stock.

Union Pacific Company Profile

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.