Union Pacific Corporation $UNP Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 3.3% during the first quarter, Holdings Channel.com reports. The fund owned 1,127,236 shares of the railroad operator’s stock after selling 38,797 shares during the period. Hsbc Holdings PLC’s holdings in Union Pacific were worth $273,123,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of UNP. Whipplewood Advisors LLC grew its position in Union Pacific by 3.1% during the 1st quarter. Whipplewood Advisors LLC now owns 1,686 shares of the railroad operator’s stock worth $409,000 after purchasing an additional 50 shares during the last quarter. Summit Securities Group LLC lifted its stake in shares of Union Pacific by 292.4% during the first quarter. Summit Securities Group LLC now owns 6,597 shares of the railroad operator’s stock worth $1,601,000 after buying an additional 4,916 shares during the period. Waterfront Wealth Inc. lifted its stake in shares of Union Pacific by 1.2% during the first quarter. Waterfront Wealth Inc. now owns 11,674 shares of the railroad operator’s stock worth $2,832,000 after buying an additional 138 shares during the period. Meadow Creek Wealth Advisors LLC grew its holdings in shares of Union Pacific by 11.0% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,392 shares of the railroad operator’s stock valued at $823,000 after buying an additional 337 shares during the last quarter. Finally, Peterson Wealth Services increased its position in shares of Union Pacific by 3.7% in the 1st quarter. Peterson Wealth Services now owns 20,402 shares of the railroad operator’s stock valued at $4,950,000 after acquiring an additional 721 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Trending Headlines about Union Pacific

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

• Positive Sentiment: Union Pacific received the first rail from Rocky Mountain Steel’s new $1.2 billion Pueblo mill, kicking off a seven-year domestic supply contract that could improve rail-input reliability and support efficiency. Article Title
• Positive Sentiment: Several analysts remain constructive, with recent price-target increases and buy/outperform-style ratings helping reinforce expectations for stronger earnings and continued momentum. Article Title
• Positive Sentiment: Heading into Q2 results, earnings estimates have been rising as stronger freight demand may offset volume and supply-chain pressures, which could set up a positive catalyst if Union Pacific beats expectations. Article Title
• Neutral Sentiment: A valuation article said Union Pacific looks fairly valued on cash flow, suggesting the shares may be closer to intrinsic value than deeply discounted, which is less of a near-term trading catalyst. Article Title
• Negative Sentiment: Dan Loeb’s Third Point cut its Union Pacific stake by more than 90% while also slashing other railroad holdings, a move that may pressure sentiment around the sector amid merger uncertainty. Article Title

Insider Activity

In other news, CFO Jennifer L. Hamann sold 2,000 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the sale, the chief financial officer owned 114,642 shares of the company’s stock, valued at $31,492,157.40. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,378 shares of company stock worth $8,781,595 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Citizens Jmp initiated coverage on Union Pacific in a research note on Wednesday. They set an “outperform” rating and a $350.00 price target on the stock. Wells Fargo & Company upped their target price on Union Pacific from $300.00 to $315.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $289.00 target price (up from $273.00) on shares of Union Pacific in a research report on Friday, April 24th. UBS Group reissued a “neutral” rating and set a $274.00 price target (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. Finally, Citigroup began coverage on shares of Union Pacific in a research note on Wednesday. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $299.11.

Union Pacific Trading Up 0.7%

Shares of UNP stock opened at $301.44 on Friday. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $303.15. The company has a market cap of $178.96 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 3.16 and a beta of 0.96. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. The stock has a 50 day simple moving average of $271.93 and a 200-day simple moving average of $256.00.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 EPS. On average, equities research analysts expect that Union Pacific Corporation will post 12.62 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were given a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. Union Pacific’s dividend payout ratio (DPR) is 45.47%.

Union Pacific Profile

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.