Union Pacific Corporation $UNP Shares Purchased by Auto Owners Insurance Co

Auto Owners Insurance Co increased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 23,032.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 236,409 shares of the railroad operator’s stock after buying an additional 235,387 shares during the quarter. Auto Owners Insurance Co’s holdings in Union Pacific were worth $54,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in UNP. Acadian Asset Management LLC grew its stake in shares of Union Pacific by 40.4% during the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after acquiring an additional 665 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in Union Pacific by 0.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock worth $4,741,000 after purchasing an additional 102 shares during the last quarter. Main Street Financial Solutions LLC increased its holdings in Union Pacific by 1.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock worth $859,000 after purchasing an additional 58 shares during the last quarter. HUB Investment Partners LLC raised its position in shares of Union Pacific by 10.0% in the 2nd quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock valued at $1,401,000 after purchasing an additional 554 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Union Pacific by 7.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after purchasing an additional 105,664 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Activity

In related news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction on Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the sale, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. The trade was a 1.71% 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 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UNP shares. Raymond James Financial set a $310.00 target price on shares of Union Pacific in a research note on Friday, April 24th. Royal Bank Of Canada restated 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. Barclays reaffirmed an “overweight” rating and set a $315.00 price target (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Wells Fargo & Company reiterated an “overweight” rating and set a $300.00 price target (up from $260.00) on shares of Union Pacific in a research report on Friday, April 24th. Finally, Citigroup reissued a “buy” rating and issued a $307.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.21.

Union Pacific Price Performance

NYSE UNP opened at $257.46 on Friday. The company has a 50 day simple moving average of $263.79 and a 200-day simple moving average of $249.80. 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 firm has a market capitalization of $152.86 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 2.72 and a beta of 0.97. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $279.70.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period last year, the company posted $2.70 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that Union Pacific Corporation will post 12.55 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. 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.