Investors Sell Shares of Union Pacific (UNP) on Strength (UNP)
Investors sold shares of Union Pacific Co. (NYSE:UNP) on strength during trading hours on Wednesday. $100.84 million flowed into the stock on the tick-up and $168.38 million flowed out of the stock on the tick-down, for a money net flow of $67.54 million out of the stock. Of all companies tracked, Union Pacific had the 0th highest net out-flow for the day. Union Pacific traded up $2.00 for the day and closed at $166.83
UNP has been the subject of a number of recent analyst reports. Cowen raised shares of Union Pacific from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $153.00 to $178.00 in a research note on Tuesday, January 8th. Loop Capital lifted their price target on shares of Union Pacific from $188.00 to $193.00 and gave the stock a “positive” rating in a research note on Thursday, January 24th. Credit Suisse Group dropped their price target on shares of Union Pacific from $190.00 to $166.00 and set an “outperform” rating for the company in a research note on Monday, January 7th. Argus lifted their price target on shares of Union Pacific to $175.00 and gave the stock a “positive” rating in a research note on Friday, January 25th. Finally, TD Securities lifted their price target on shares of Union Pacific from $155.00 to $170.00 and gave the stock a “hold” rating in a research note on Friday, January 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $169.39.
The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.90. The firm has a market cap of $119.15 billion, a P/E ratio of 20.85, a PEG ratio of 1.70 and a beta of 1.11.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $3.52 annualized dividend and a dividend yield of 2.13%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. Union Pacific’s payout ratio is currently 44.50%.
Union Pacific announced that its board has approved a stock repurchase plan on Thursday, February 7th that allows the company to repurchase 150,000,000 shares. This repurchase authorization allows the railroad operator to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
Several large investors have recently bought and sold shares of UNP. LSV Asset Management acquired a new stake in shares of Union Pacific in the third quarter valued at about $1,530,000. Brighton Jones LLC raised its position in shares of Union Pacific by 8.5% in the third quarter. Brighton Jones LLC now owns 5,055 shares of the railroad operator’s stock valued at $823,000 after buying an additional 397 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Union Pacific during the third quarter worth about $290,000. Segment Wealth Management LLC increased its position in Union Pacific by 1.5% during the third quarter. Segment Wealth Management LLC now owns 30,634 shares of the railroad operator’s stock worth $4,988,000 after purchasing an additional 454 shares during the last quarter. Finally, Highstreet Asset Management Inc. increased its position in Union Pacific by 37.1% during the third quarter. Highstreet Asset Management Inc. now owns 22,877 shares of the railroad operator’s stock worth $3,725,000 after purchasing an additional 6,195 shares during the last quarter. Institutional investors and hedge funds own 78.71% of the company’s stock.
About Union Pacific (NYSE:UNP)
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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