Asio Capital LLC Invests $2.24 Million in Union Pacific Co. (NYSE:UNP)

Asio Capital LLC bought a new position in shares of Union Pacific Co. (NYSE:UNP) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,138 shares of the railroad operator’s stock, valued at approximately $2,235,000.

Several other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in shares of Union Pacific by 22.8% during the fourth quarter. FMR LLC now owns 10,276,326 shares of the railroad operator’s stock worth $2,139,736,000 after purchasing an additional 1,908,977 shares during the period. Norges Bank acquired a new stake in shares of Union Pacific during the fourth quarter worth $1,403,262,000. Nuveen Asset Management LLC raised its position in shares of Union Pacific by 1.3% during the fourth quarter. Nuveen Asset Management LLC now owns 6,582,497 shares of the railroad operator’s stock worth $1,370,608,000 after purchasing an additional 84,102 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Union Pacific by 1.5% during the fourth quarter. Wells Fargo & Company MN now owns 6,165,846 shares of the railroad operator’s stock valued at $1,283,851,000 after buying an additional 93,789 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Union Pacific by 3.6% during the fourth quarter. Jennison Associates LLC now owns 5,594,366 shares of the railroad operator’s stock valued at $1,164,859,000 after buying an additional 196,770 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors.

In other news, VP Todd M. Rynaski sold 7,698 shares of the stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $212.00, for a total value of $1,631,976.00. Following the completion of the transaction, the vice president now directly owns 17,197 shares of the company’s stock, valued at approximately $3,645,764. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Elizabeth F. Whited sold 1,491 shares of the stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $215.00, for a total value of $320,565.00. Following the completion of the transaction, the executive vice president now directly owns 34,124 shares of the company’s stock, valued at $7,336,660. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

NYSE UNP opened at $227.86 on Monday. Union Pacific Co. has a twelve month low of $149.76 and a twelve month high of $231.26. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.93 and a current ratio of 1.06. The stock has a market capitalization of $151.37 billion, a PE ratio of 29.03, a P/E/G ratio of 2.33 and a beta of 1.11. The stock has a 50-day simple moving average of $223.19 and a 200 day simple moving average of $209.62.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Wednesday, April 21st. The railroad operator reported $2.00 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.06). The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $5.07 billion. Union Pacific had a net margin of 27.40% and a return on equity of 31.71%. The company’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the company earned $2.15 EPS. As a group, equities research analysts forecast that Union Pacific Co. will post 8.02 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Friday, May 28th will be issued a $1.07 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, May 27th. This represents a $4.28 annualized dividend and a yield of 1.88%. Union Pacific’s dividend payout ratio is 46.30%.

A number of brokerages have recently weighed in on UNP. Vertical Research began coverage on Union Pacific in a report on Friday, March 26th. They set a “buy” rating on the stock. TD Securities boosted their target price on Union Pacific from $240.00 to $245.00 and gave the company a “hold” rating in a research note on Friday, April 23rd. Royal Bank of Canada boosted their target price on Union Pacific from $232.00 to $244.00 and gave the company an “outperform” rating in a research note on Friday, April 23rd. Morgan Stanley boosted their target price on Union Pacific from $190.00 to $195.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 11th. Finally, UBS Group boosted their target price on Union Pacific from $219.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $218.05.

About Union Pacific

Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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