Kenyatta G. Rocker Sells 4,018 Shares of Union Pacific Co. (NYSE:UNP) Stock

Union Pacific Co. (NYSE:UNPGet Rating) EVP Kenyatta G. Rocker sold 4,018 shares of the company’s stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $250.00, for a total transaction of $1,004,500.00. Following the transaction, the executive vice president now owns 41,177 shares of the company’s stock, valued at approximately $10,294,250. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE UNP traded down $10.10 during trading hours on Friday, reaching $234.30. The company’s stock had a trading volume of 5,090,429 shares, compared to its average volume of 3,708,621. The stock has a market cap of $147.23 billion, a PE ratio of 23.82, a PEG ratio of 2.13 and a beta of 1.18. Union Pacific Co. has a fifty-two week low of $195.68 and a fifty-two week high of $278.94. The company’s 50-day moving average is $254.84 and its two-hundred day moving average is $245.57. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.51 and a current ratio of 0.62.

Union Pacific (NYSE:UNPGet Rating) last released its quarterly earnings results on Thursday, April 21st. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $0.01. Union Pacific had a net margin of 29.92% and a return on equity of 44.50%. The company had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the company earned $2.00 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. Equities analysts expect that Union Pacific Co. will post 11.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, February 28th were paid a dividend of $1.18 per share. The ex-dividend date of this dividend was Friday, February 25th. This represents a $4.72 annualized dividend and a dividend yield of 2.01%. Union Pacific’s dividend payout ratio is currently 47.44%.

Union Pacific declared that its Board of Directors has authorized a stock buyback program on Thursday, February 3rd that authorizes the company to buyback 100,000,000 outstanding shares. This buyback authorization authorizes the railroad operator to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

A number of equities analysts have commented on UNP shares. Barclays upped their price objective on shares of Union Pacific from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, January 14th. Zacks Investment Research downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and set a $268.00 price objective for the company. in a research report on Wednesday, March 9th. Royal Bank of Canada downgraded shares of Union Pacific from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $271.00 to $258.00 in a research report on Thursday, March 17th. Citigroup upped their price objective on shares of Union Pacific from $245.00 to $287.00 in a research report on Wednesday, January 5th. Finally, UBS Group downgraded shares of Union Pacific from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $283.00 to $267.00 in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $267.74.

Several hedge funds have recently made changes to their positions in the company. Kovitz Investment Group Partners LLC lifted its holdings in shares of Union Pacific by 648.4% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 23,208 shares of the railroad operator’s stock worth $6,341,000 after acquiring an additional 20,107 shares during the period. Allworth Financial LP lifted its holdings in shares of Union Pacific by 191.5% during the 1st quarter. Allworth Financial LP now owns 24,593 shares of the railroad operator’s stock worth $6,719,000 after acquiring an additional 16,155 shares during the period. Bank of The West lifted its holdings in shares of Union Pacific by 3.9% during the 1st quarter. Bank of The West now owns 34,628 shares of the railroad operator’s stock worth $9,461,000 after acquiring an additional 1,312 shares during the period. DB Fitzpatrick & Co Inc lifted its holdings in shares of Union Pacific by 1.7% during the 1st quarter. DB Fitzpatrick & Co Inc now owns 9,346 shares of the railroad operator’s stock worth $2,553,000 after acquiring an additional 153 shares during the period. Finally, Benedetti & Gucer Inc. purchased a new position in shares of Union Pacific during the 1st quarter worth about $234,000. Institutional investors and hedge funds own 77.85% of the company’s stock.

About Union Pacific (Get Rating)

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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