Stokes Capital Advisors LLC Increases Stake in Union Pacific Co. (NYSE:UNP)
Stokes Capital Advisors LLC lifted its holdings in Union Pacific Co. (NYSE:UNP) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 18,193 shares of the railroad operator’s stock after acquiring an additional 225 shares during the quarter. Union Pacific makes up about 1.8% of Stokes Capital Advisors LLC’s holdings, making the stock its 15th largest holding. Stokes Capital Advisors LLC’s holdings in Union Pacific were worth $3,042,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV purchased a new stake in Union Pacific during the first quarter valued at approximately $4,894,000. Pendal Group Ltd lifted its position in Union Pacific by 8.9% during the first quarter. Pendal Group Ltd now owns 47,161 shares of the railroad operator’s stock valued at $7,885,000 after acquiring an additional 3,868 shares during the last quarter. Paradigm Financial Partners LLC purchased a new stake in Union Pacific during the fourth quarter valued at approximately $912,000. California State Teachers Retirement System lifted its position in Union Pacific by 1.9% during the fourth quarter. California State Teachers Retirement System now owns 1,340,870 shares of the railroad operator’s stock valued at $185,348,000 after acquiring an additional 24,984 shares during the last quarter. Finally, Claybrook Capital LLC purchased a new stake in Union Pacific during the fourth quarter valued at approximately $85,000. 79.12% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the stock. Raymond James raised their price target on shares of Union Pacific from $192.00 to $201.00 and gave the stock a “strong-buy” rating in a report on Monday, April 22nd. BMO Capital Markets raised their price target on shares of Union Pacific to $190.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $190.00 to $170.00 in a report on Thursday. Deutsche Bank decreased their price target on shares of Union Pacific from $200.00 to $197.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Stifel Nicolaus set a $170.00 price target on shares of Union Pacific and gave the stock a “hold” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $175.74.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.04. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.51 billion. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 earnings per share. Research analysts predict that Union Pacific Co. will post 9.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.88 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.11%. Union Pacific’s payout ratio is currently 44.50%.
In related news, EVP Robert M. Knight, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $170.01, for a total transaction of $1,700,100.00. Following the sale, the executive vice president now owns 94,943 shares in the company, valued at $16,141,259.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Rhonda S. Ferguson sold 11,485 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $175.00, for a total transaction of $2,009,875.00. Following the sale, the executive vice president now owns 53,858 shares in the company, valued at approximately $9,425,150. The disclosure for this sale can be found here. Insiders sold 31,667 shares of company stock worth $5,454,729 in the last quarter. Company insiders own 9.96% of the company’s stock.
Union Pacific Profile
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.
See Also: Can systematic risk be avoided?
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.