Fisher Funds Management LTD Trims Position in Union Pacific Corporation $UNP

Fisher Funds Management LTD lessened its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 66.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,150 shares of the railroad operator’s stock after selling 75,979 shares during the quarter. Fisher Funds Management LTD’s holdings in Union Pacific were worth $9,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rachor Investment Advisory Services LLC bought a new stake in Union Pacific in the fourth quarter valued at $25,000. Tucker Asset Management LLC bought a new position in Union Pacific in the 4th quarter worth $25,000. SWAN Capital LLC raised its holdings in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. High Point Wealth Management LLC bought a new position in Union Pacific in the 4th quarter worth $26,000. Finally, Caitlin John LLC purchased a new stake in shares of Union Pacific in the 3rd quarter worth about $27,000. Institutional investors own 80.38% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Eric J. Gehringer sold 2,991 shares of the company’s 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 transaction, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of the company’s 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 transaction, the chief financial officer directly owned 114,642 shares in the company, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,378 shares of company stock valued at $8,781,595. Corporate insiders own 0.22% of the company’s stock.

Union Pacific Trading Up 0.2%

NYSE:UNP opened at $257.46 on Monday. The company’s 50 day moving average price is $263.79 and its 200-day moving average price is $249.93. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $279.70. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. The stock has a market cap of $152.86 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.72 and a beta of 0.97.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, beating 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 company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter last year, the firm earned $2.70 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts forecast that Union Pacific Corporation will post 12.55 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm 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. This represents a $5.52 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UNP shares. TD Cowen lifted their target price on shares of Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, April 24th. UBS Group reissued a “neutral” rating and issued a $274.00 price target (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. Benchmark raised their price objective on shares of Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Barclays restated an “overweight” rating and issued a $315.00 price objective (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, Sanford C. Bernstein lifted their price objective on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $282.21.

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.