Janus Henderson Group PLC Lowers Stock Position in Union Pacific Co. (NYSE:UNP)
Janus Henderson Group PLC cut its stake in shares of Union Pacific Co. (NYSE:UNP) by 19.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,051,445 shares of the railroad operator’s stock after selling 259,813 shares during the quarter. Janus Henderson Group PLC’s holdings in Union Pacific were worth $190,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in UNP. Johanson Financial Advisors Inc. grew its position in Union Pacific by 17,670.0% in the fourth quarter. Johanson Financial Advisors Inc. now owns 2,456,353 shares of the railroad operator’s stock worth $13,589,000 after acquiring an additional 2,442,530 shares in the last quarter. State Street Corp lifted its stake in Union Pacific by 6.1% during the fourth quarter. State Street Corp now owns 30,839,788 shares of the railroad operator’s stock worth $5,575,525,000 after purchasing an additional 1,775,306 shares during the last quarter. Soroban Capital Partners LP boosted its holdings in shares of Union Pacific by 10.7% in the 4th quarter. Soroban Capital Partners LP now owns 5,687,637 shares of the railroad operator’s stock worth $1,028,268,000 after purchasing an additional 549,281 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Union Pacific by 82.0% in the 4th quarter. Toronto Dominion Bank now owns 1,103,156 shares of the railroad operator’s stock worth $199,412,000 after purchasing an additional 497,113 shares in the last quarter. Finally, Findlay Park Partners LLP bought a new position in shares of Union Pacific during the 4th quarter valued at about $82,263,000. Institutional investors and hedge funds own 79.98% of the company’s stock.
UNP has been the topic of a number of research reports. Argus raised their price objective on Union Pacific from $190.00 to $205.00 and gave the company a “buy” rating in a report on Friday, January 24th. Barclays reissued a “hold” rating and set a $200.00 price target on shares of Union Pacific in a research note on Friday, January 24th. Evercore ISI initiated coverage on shares of Union Pacific in a research note on Thursday. They set an “outperform” rating and a $174.00 price target on the stock. Ardour Capital upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley raised shares of Union Pacific from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $139.00 to $125.00 in a research note on Monday. One analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $187.24.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.02 EPS for the quarter, missing the Zacks’ consensus estimate of $2.03 by ($0.01). The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.24 billion. Union Pacific had a net margin of 27.27% and a return on equity of 32.86%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.12 earnings per share. As a group, equities research analysts forecast that Union Pacific Co. will post 8.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, February 27th. Union Pacific’s payout ratio is 46.30%.
In other news, COO Vincenzo J. Vena bought 3,206 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $155.92 per share, for a total transaction of $499,879.52. Following the completion of the acquisition, the chief operating officer now owns 19,966 shares in the company, valued at approximately $3,113,098.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jennifer L. Hamann sold 1,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $183.00, for a total value of $183,000.00. Following the completion of the sale, the chief financial officer now directly owns 62,331 shares in the company, valued at $11,406,573. The disclosure for this sale can be found here. 9.96% of the stock is currently owned by insiders.
About Union Pacific
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; and 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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