Union Pacific Co. (UNP) Shares Bought by DF Dent & Co. Inc.
DF Dent & Co. Inc. grew its stake in Union Pacific Co. (NYSE:UNP) by 29.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,705 shares of the railroad operator’s stock after buying an additional 852 shares during the quarter. DF Dent & Co. Inc.’s holdings in Union Pacific were worth $525,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in UNP. Janus Henderson Group PLC boosted its holdings in shares of Union Pacific by 55.7% in the second quarter. Janus Henderson Group PLC now owns 5,526,282 shares of the railroad operator’s stock valued at $782,980,000 after buying an additional 1,977,446 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of Union Pacific by 13,209.2% in the second quarter. OppenheimerFunds Inc. now owns 1,922,773 shares of the railroad operator’s stock valued at $272,420,000 after buying an additional 1,908,326 shares during the period. Bank of Montreal Can acquired a new position in shares of Union Pacific in the second quarter valued at approximately $192,080,000. Fred Alger Management Inc. boosted its holdings in shares of Union Pacific by 89.6% in the second quarter. Fred Alger Management Inc. now owns 2,791,161 shares of the railroad operator’s stock valued at $395,452,000 after buying an additional 1,319,274 shares during the period. Finally, Putnam Investments LLC boosted its holdings in shares of Union Pacific by 44.9% in the second quarter. Putnam Investments LLC now owns 2,554,019 shares of the railroad operator’s stock valued at $361,853,000 after buying an additional 791,990 shares during the period. Institutional investors own 80.45% of the company’s stock.
Shares of UNP stock opened at $157.41 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 1.03. Union Pacific Co. has a 12 month low of $108.71 and a 12 month high of $157.95. The firm has a market capitalization of $116.09 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, August 31st will be given a dividend of $0.80 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.73. This represents a $3.20 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, August 30th. Union Pacific’s dividend payout ratio is 55.27%.
In other Union Pacific news, EVP Lynden L. Tennison sold 8,450 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the sale, the executive vice president now directly owns 53,978 shares of the company’s stock, valued at $8,189,542.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
Several research analysts have recently weighed in on UNP shares. Stifel Nicolaus set a $151.00 price target on shares of Union Pacific and gave the company a “hold” rating in a report on Thursday, May 24th. Loop Capital upped their price target on shares of Union Pacific to $153.00 and gave the company a “hold” rating in a report on Friday, June 1st. Morgan Stanley boosted their price objective on shares of Union Pacific from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Friday, June 1st. Deutsche Bank boosted their price objective on shares of Union Pacific to $178.00 and gave the stock a “buy” rating in a research report on Friday, June 1st. Finally, Cowen reissued a “market perform” rating and issued a $153.00 price objective (up previously from $140.00) on shares of Union Pacific in a research report on Friday, June 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $147.35.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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