Union Pacific Co. (NYSE:UNP) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lessened its holdings in Union Pacific Co. (NYSE:UNP) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 981 shares of the railroad operator’s stock after selling 310 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Union Pacific were worth $224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Union Pacific during the 4th quarter worth approximately $1,035,905,000. Vontobel Holding Ltd. grew its stake in shares of Union Pacific by 74.7% during the 4th quarter. Vontobel Holding Ltd. now owns 2,146,990 shares of the railroad operator’s stock worth $489,600,000 after purchasing an additional 918,248 shares during the period. Franklin Resources Inc. grew its stake in shares of Union Pacific by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock worth $1,795,993,000 after purchasing an additional 625,492 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Union Pacific by 33,228.4% during the 4th quarter. Proficio Capital Partners LLC now owns 504,258 shares of the railroad operator’s stock worth $114,991,000 after purchasing an additional 502,745 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Union Pacific by 35.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,226,100 shares of the railroad operator’s stock worth $279,600,000 after purchasing an additional 323,525 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on UNP shares. Benchmark raised their price objective on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company decreased their target price on Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Guggenheim increased their target price on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Raymond James reiterated a “strong-buy” rating and set a $285.00 target price (up previously from $265.00) on shares of Union Pacific in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Union Pacific in a research report on Friday, March 7th. They set a “buy” rating and a $295.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $263.00.

Union Pacific Stock Down 0.7 %

NYSE UNP opened at $234.67 on Friday. The business’s fifty day simple moving average is $242.51 and its 200-day simple moving average is $240.31. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The firm has a market cap of $141.81 billion, a PE ratio of 21.16, a P/E/G ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.07.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same quarter in the prior year, the business posted $2.71 earnings per share. As a group, equities analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Friday, February 28th. Union Pacific’s payout ratio is 48.33%.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 7,500 shares of Union Pacific stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $250.00, for a total value of $1,875,000.00. Following the completion of the transaction, the president now directly owns 64,960 shares of the company’s stock, valued at $16,240,000. The trade was a 10.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $252.00, for a total value of $1,636,740.00. Following the completion of the transaction, the executive vice president now directly owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.