Union Pacific Corporation $UNP Shares Purchased by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. lifted its position in Union Pacific Corporation (NYSE:UNP) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,143 shares of the railroad operator’s stock after acquiring an additional 7,415 shares during the period. Union Pacific accounts for 1.8% of Bowen Hanes & Co. Inc.’s holdings, making the stock its 18th largest position. Bowen Hanes & Co. Inc.’s holdings in Union Pacific were worth $72,436,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC boosted its stake in Union Pacific by 48.4% during the fourth quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator’s stock worth $31,000 after buying an additional 44 shares during the last quarter. Macroview Investment Management LLC boosted its stake in Union Pacific by 3.4% during the fourth quarter. Macroview Investment Management LLC now owns 1,349 shares of the railroad operator’s stock worth $312,000 after buying an additional 44 shares during the last quarter. Prestige Wealth Management Group LLC boosted its stake in Union Pacific by 1.4% during the third quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator’s stock worth $753,000 after buying an additional 45 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in Union Pacific by 0.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 4,988 shares of the railroad operator’s stock worth $1,154,000 after buying an additional 45 shares during the last quarter. Finally, Keebeck Wealth Management boosted its stake in Union Pacific by 1.7% during the third quarter. Keebeck Wealth Management now owns 2,691 shares of the railroad operator’s stock worth $636,000 after buying an additional 45 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the transaction, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at $31,492,157.40. The trade was a 1.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 31,386 shares of company stock valued at $8,461,716 in the last three months. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

UNP has been the topic of a number of recent research reports. Robert W. Baird set a $311.00 price objective on Union Pacific and gave the stock an “outperform” rating in a research note on Friday, March 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $289.00 price objective (up from $273.00) on shares of Union Pacific in a research note on Friday, April 24th. JPMorgan Chase & Co. boosted their price objective on Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Barclays reissued an “overweight” rating and set a $315.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Finally, UBS Group reissued a “neutral” rating and set a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $280.47.

Union Pacific Price Performance

UNP stock opened at $262.87 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $156.07 billion, a PE ratio of 21.65, a P/E/G ratio of 2.81 and a beta of 0.97. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $279.70. The business’s fifty day moving average price is $258.23 and its 200 day moving average price is $246.56.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.07. The firm had revenue of $6.22 billion for 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 company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.70 EPS. On average, sell-side analysts anticipate that Union Pacific Corporation will post 12.53 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, May 29th. Union Pacific’s payout ratio is currently 45.47%.

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.