Pittenger & Anderson Inc. Reduces Position in Union Pacific Corporation $UNP

Pittenger & Anderson Inc. trimmed its position in Union Pacific Corporation (NYSE:UNP) by 13.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,308 shares of the railroad operator’s stock after selling 1,827 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Union Pacific were worth $2,744,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Capital World Investors increased its holdings 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 during the last quarter. Norges Bank purchased a new stake in Union Pacific during the 4th quarter worth about $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Union Pacific by 72.7% during the 3rd 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 buying an additional 3,861,636 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Union Pacific by 26.0% during the 4th quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock worth $2,540,105,000 after acquiring an additional 2,267,708 shares in the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new position in shares of Union Pacific during the 3rd quarter worth about $408,592,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Union Pacific

In other news, EVP Kenyatta G. Rocker sold 27,387 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the completion of the sale, the executive vice president directly owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This represents a 30.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 32,378 shares of company stock worth $8,781,595. 0.22% of the stock is owned by insiders.

Union Pacific Stock Performance

Shares of UNP stock traded up $2.23 during mid-day trading on Friday, hitting $287.27. 1,876,184 shares of the stock were exchanged, compared to its average volume of 2,394,006. The stock’s fifty day simple moving average is $269.23 and its two-hundred day simple moving average is $253.94. The stock has a market capitalization of $170.55 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 3.02 and a beta of 0.96. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $288.90. 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 posted its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.07. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $2.70 EPS. On average, analysts forecast that Union Pacific Corporation will post 12.56 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.9%. Union Pacific’s payout ratio is 45.47%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UNP. Weiss Ratings downgraded Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Benchmark boosted their target price on Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $285.00 price target (up from $278.00) on shares of Union Pacific in a report on Friday, April 24th. Stephens upgraded shares of Union Pacific to a “strong-buy” rating in a research note on Wednesday. Finally, Susquehanna reissued a “positive” rating and set a $305.00 price objective on shares of Union Pacific in a report on Friday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.39.

More Union Pacific News

Here are the key news stories impacting Union Pacific this week:

• Positive Sentiment: JPMorgan raised its price target on Union Pacific to $304 from $275, implying additional upside from current levels, while keeping a neutral rating. Article: Union Pacific price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Stephens upgraded Union Pacific to strong-buy, signaling confidence in the railroad’s earnings outlook and valuation momentum. Article: Union Pacific was upgraded by Stephens
• Positive Sentiment: Coverage around Union Pacific and Norfolk Southern’s proposed merger continues to advance, with both companies filing responses as the regulatory review moves forward. Investors may see the deal as a potential long-term strategic catalyst if approved. Article: Norfolk Southern (NSC) Files Merger Response With Union Pacific As STB Review Advances
• Neutral Sentiment: Commentary on the proposed rail merger from Union Pacific and Norfolk Southern CEOs highlights the scale of the strategic opportunity, but also underscores that the deal remains subject to significant regulatory scrutiny. Article: EXCLUSIVE: Union Pacific, Norfolk Southern CEOs talk about the rail merger
• Neutral Sentiment: Seeking Alpha published a downgrade saying buying Union Pacific now may be “too late,” which adds a cautionary note but does not appear to outweigh the bullish analyst actions. Article: Union Pacific: Buying Now Feels Too Late (Rating Downgrade)

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.