Union Pacific Co. (NYSE:UNP) Position Cut by Meadow Creek Investment Management LLC
Meadow Creek Investment Management LLC lessened its holdings in Union Pacific Co. (NYSE:UNP) by 1.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 302,988 shares of the railroad operator’s stock after selling 5,628 shares during the period. Union Pacific accounts for approximately 0.9% of Meadow Creek Investment Management LLC’s holdings, making the stock its 21st biggest position. Meadow Creek Investment Management LLC’s holdings in Union Pacific were worth $42,927,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Oppenheimer Asset Management Inc. lifted its holdings in shares of Union Pacific by 3.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,563 shares of the railroad operator’s stock valued at $2,771,000 after acquiring an additional 582 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Union Pacific by 2.3% in the second quarter. Great West Life Assurance Co. Can now owns 760,471 shares of the railroad operator’s stock worth $107,840,000 after purchasing an additional 17,064 shares during the last quarter. British Airways Pensions Investment Management Ltd purchased a new position in Union Pacific in the second quarter worth $7,304,000. Janus Henderson Group PLC grew its holdings in 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 worth $782,980,000 after purchasing an additional 1,977,446 shares during the last quarter. Finally, Hunter Associates Investment Management LLC purchased a new position in Union Pacific in the second quarter worth $202,000. Institutional investors and hedge funds own 80.45% of the company’s stock.
In related news, EVP Lynden L. Tennison sold 8,450 shares of the stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total value of $1,282,034.00. Following the transaction, the executive vice president now directly owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company’s stock.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 19th. The railroad operator reported $1.98 EPS for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.04. Union Pacific had a net margin of 51.31% and a return on equity of 23.63%. The company had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the firm posted $1.45 EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. equities research analysts anticipate that Union Pacific Co. will post 7.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 31st will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.03%. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, August 30th. Union Pacific’s dividend payout ratio (DPR) is 55.27%.
Several research firms have recently commented on UNP. Deutsche Bank reiterated a “hold” rating on shares of Union Pacific in a research note on Friday, September 7th. ValuEngine downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Bank of America boosted their target price on shares of Union Pacific from $158.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, August 16th. Zacks Investment Research downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, UBS Group upped their price objective on shares of Union Pacific from $160.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average 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.
Read More: What is a Leveraged Buyout (LBO)?
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.