Nemes Rush Group LLC Cuts Stake in Union Pacific Corporation $UNP

Nemes Rush Group LLC reduced its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,173 shares of the railroad operator’s stock after selling 2,650 shares during the period. Nemes Rush Group LLC’s holdings in Union Pacific were worth $9,987,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in UNP. Norges Bank purchased a new stake in Union Pacific during the 4th quarter worth approximately $1,779,907,000. Capital World Investors increased its stake in Union Pacific by 193.3% during the 3rd quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock worth $2,477,404,000 after buying an additional 6,908,016 shares during the period. Capital Research Global Investors increased its stake in Union Pacific by 95.0% during the 3rd quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock worth $2,059,538,000 after buying an additional 4,244,226 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Union Pacific by 72.7% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock worth $2,169,168,000 after buying an additional 3,861,636 shares during the period. Finally, EdgePoint Investment Group Inc. purchased a new stake in Union Pacific during the 3rd quarter worth approximately $408,592,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Up 3.2%

Shares of NYSE:UNP opened at $272.28 on Friday. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $279.70. The company’s 50 day moving average is $259.32 and its two-hundred day moving average is $247.03. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. The company has a market cap of $161.66 billion, a PE ratio of 22.43, a P/E/G ratio of 2.89 and a beta of 0.97.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. The company had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.70 EPS. Equities analysts predict that Union Pacific Corporation will post 12.53 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on UNP shares. 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. UBS Group reissued a “neutral” rating and issued a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. Susquehanna reissued a “positive” rating and issued a $305.00 price objective on shares of Union Pacific in a research report on Friday. Wells Fargo & Company reissued an “overweight” rating and issued a $300.00 price objective (up from $260.00) on shares of Union Pacific in a research report on Friday, April 24th. Finally, Raymond James Financial set a $310.00 price objective on shares of Union Pacific in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $282.21.

Insider Activity at Union Pacific

In related news, CFO Jennifer L. Hamann sold 2,000 shares of the 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 of the company’s stock, valued at $31,492,157.40. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction on 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 $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 34,377 shares of company stock valued at $9,251,221 in the last ninety days. 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.