BI Asset Management Fondsmaeglerselskab A S Has $6.79 Million Holdings in Union Pacific Corporation $UNP

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 84.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 27,967 shares of the railroad operator’s stock after selling 146,379 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Union Pacific were worth $6,785,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Tucker Asset Management LLC acquired a new position in shares of Union Pacific during the 4th quarter valued at $25,000. SWAN Capital LLC boosted its stake in Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new position in Union Pacific during the fourth quarter worth $25,000. Caitlin John LLC acquired a new stake in Union Pacific in the third quarter worth $27,000. Finally, Saranac Partners Ltd acquired a new stake in Union Pacific in the third quarter worth $27,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Union Pacific from $267.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, April 21st. Raymond James Financial set a $310.00 target price on Union Pacific in a research note on Friday, April 24th. Benchmark boosted their target price on Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Evercore reaffirmed an “outperform” rating and set a $277.00 price target on shares of Union Pacific in a research note 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. According to data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $282.21.

Union Pacific Stock Performance

Shares of UNP stock opened at $257.46 on Monday. The firm has a market capitalization of $152.86 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.72 and a beta of 0.97. The firm has a fifty day simple moving average of $263.79 and a two-hundred day simple moving average of $249.93. The company has a current ratio of 0.92, a quick ratio of 0.73 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.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share 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 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 prior year, the company posted $2.70 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. Analysts forecast that Union Pacific Corporation will post 12.55 EPS 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. Investors of record on Friday, May 29th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, May 29th. Union Pacific’s dividend payout ratio is currently 45.47%.

Insider Buying and Selling

In related news, EVP Kenyatta G. Rocker sold 27,387 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This trade represents a 30.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were 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 directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,378 shares of company stock worth $8,781,595 in the last quarter. Insiders own 0.22% of the company’s stock.

Union Pacific Company 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.