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

Border to Coast Pensions Partnership Ltd cut its holdings in Union Pacific Corporation (NYSE:UNP) by 39.2% during the 1st quarter, Holdings Channel reports. The firm owned 207,083 shares of the railroad operator’s stock after selling 133,783 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Union Pacific were worth $50,397,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC bought a new position in Union Pacific during the 4th quarter valued at approximately $25,000. Tucker Asset Management LLC bought a new stake in shares of Union Pacific in the 4th quarter worth approximately $25,000. SWAN Capital LLC increased its stake in shares of Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after buying an additional 103 shares during the period. High Point Wealth Management LLC purchased a new position in shares of Union Pacific during the fourth quarter valued at approximately $26,000. Finally, Caitlin John LLC bought a new position in shares of Union Pacific during the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on UNP shares. Citigroup reaffirmed a “buy” rating and issued a $307.00 price target (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Sanford C. Bernstein boosted their price objective on shares of Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Evercore restated an “outperform” rating and issued a $294.00 price objective on shares of Union Pacific in a report on Thursday. Weiss Ratings cut shares of Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, UBS Group reaffirmed a “neutral” rating and issued a $274.00 target price (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. One equities research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $283.11.

Union Pacific Stock Up 0.7%

Shares of NYSE:UNP opened at $269.56 on Friday. The firm has a market capitalization of $160.04 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.84 and a beta of 0.97. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The stock has a 50 day moving average price of $265.05 and a 200-day moving average price of $250.81. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $279.70.

Union Pacific (NYSE:UNP) last released 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. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.70 earnings per share. As a group, equities research analysts anticipate that Union Pacific Corporation will post 12.55 EPS for the current fiscal year.

Union Pacific Announces Dividend

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

Insider Activity

In related news, EVP Kenyatta G. Rocker sold 27,387 shares of the 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 completion of the transaction, the executive vice president directly owned 61,102 shares in the company, valued at $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 is available through this hyperlink. Also, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 32,378 shares of company stock worth $8,781,595. Corporate insiders own 0.22% of the company’s stock.

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.