Border to Coast Pensions Partnership Ltd Lowers Position in Union Pacific Corporation $UNP

Border to Coast Pensions Partnership Ltd lessened its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 39.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 207,083 shares of the railroad operator’s stock after selling 133,783 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Union Pacific were worth $50,397,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of UNP. Vanguard Group Inc. lifted its position in Union Pacific by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator’s stock valued at $13,724,045,000 after purchasing an additional 659,378 shares during the last quarter. State Street Corp increased its holdings in shares of Union Pacific by 4.3% in the 4th quarter. State Street Corp now owns 26,330,080 shares of the railroad operator’s stock worth $6,090,674,000 after buying an additional 1,082,285 shares during the last quarter. Capital World Investors increased its holdings in shares of Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after buying an additional 9,655,306 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Union Pacific by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock valued at $3,552,550,000 after buying an additional 296,814 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Union Pacific by 5.0% during the 4th quarter. Morgan Stanley now owns 12,636,050 shares of the railroad operator’s stock valued at $2,922,971,000 after buying an additional 602,647 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the sale, the chief financial officer owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,378 shares of company stock valued at $8,781,595 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Union Pacific Stock Performance

NYSE UNP opened at $269.56 on Friday. The company has a 50-day simple moving average of $265.05 and a two-hundred day simple moving average of $250.81. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $279.70. The firm has a market cap of $160.04 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.84 and a beta of 0.97.

Union Pacific (NYSE:UNP) last released its quarterly earnings data 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 return on equity of 39.58% and a net margin of 29.20%.The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the previous year, the business earned $2.70 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Union Pacific Corporation will post 12.55 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is presently 45.47%.

Analyst Upgrades and Downgrades

UNP has been the subject of several research reports. JPMorgan Chase & Co. upped their target price on shares of Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Citigroup restated a “buy” rating and set a $307.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. TD Cowen lifted their price target on Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. UBS Group reiterated a “neutral” rating and issued a $274.00 price objective (up from $253.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $289.00 price objective (up from $273.00) on shares of Union Pacific in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $283.11.

About Union Pacific

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.