Colony Group LLC Has $2.64 Million Stake in Union Pacific Co. (UNP)
Colony Group LLC grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 8.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,648 shares of the railroad operator’s stock after purchasing an additional 1,412 shares during the period. Colony Group LLC’s holdings in Union Pacific were worth $2,642,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Morgan Stanley grew its stake in shares of Union Pacific by 2.8% in the second quarter. Morgan Stanley now owns 15,035,819 shares of the railroad operator’s stock worth $2,130,275,000 after acquiring an additional 413,967 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Union Pacific by 55.7% during the second quarter. Janus Henderson Group PLC now owns 5,526,282 shares of the railroad operator’s stock worth $782,980,000 after buying an additional 1,977,446 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Union Pacific by 1.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 5,110,636 shares of the railroad operator’s stock worth $724,075,000 after buying an additional 91,243 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Union Pacific by 1.9% during the second quarter. Canada Pension Plan Investment Board now owns 3,718,928 shares of the railroad operator’s stock worth $526,898,000 after buying an additional 68,502 shares in the last quarter. Finally, Egerton Capital UK LLP boosted its stake in Union Pacific by 0.3% during the second quarter. Egerton Capital UK LLP now owns 3,279,188 shares of the railroad operator’s stock worth $464,595,000 after buying an additional 10,130 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.
In related news, EVP Robert M. Knight, Jr. sold 20,000 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the sale, the executive vice president now owns 106,518 shares in the company, valued at approximately $17,448,713.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the executive vice president now owns 53,978 shares in the company, valued at approximately $8,189,542.16. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 19th. The railroad operator reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.04. The firm had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. Equities analysts forecast that Union Pacific Co. will post 7.77 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 31st were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from Union Pacific’s previous quarterly dividend of $0.73. Union Pacific’s dividend payout ratio is currently 55.27%.
A number of equities research analysts have weighed in on UNP shares. Bank of America lifted their price target on shares of Union Pacific from $158.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Wednesday, July 18th. UBS Group lifted their price objective on Union Pacific from $160.00 to $161.00 and gave the company a “buy” rating in a report on Friday, July 20th. ValuEngine raised Union Pacific from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Loop Capital raised Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $156.55.
Union Pacific Profile
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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