Marshfield Associates lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,468 shares of the railroad operator’s stock after selling 1,165 shares during the period. Union Pacific accounts for approximately 3.2% of Marshfield Associates’ portfolio, making the stock its 15th largest position. Marshfield Associates’ holdings in Union Pacific were worth $52,913,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of UNP. Camarda Financial Advisors LLC grew its stake in shares of Union Pacific by 673.7% during the first quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 128 shares in the last quarter. Squar Milner Financial Services LLC lifted its position in Union Pacific by 368.6% in the first quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 129 shares during the last quarter. Mackey Komara & Dankovich LLC purchased a new stake in Union Pacific in the first quarter valued at $29,000. Joseph P. Lucia & Associates LLC purchased a new stake in Union Pacific in the first quarter valued at $30,000. Finally, Clarfeld Financial Advisors LLC purchased a new stake in Union Pacific in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 78.93% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein cut shares of Union Pacific from an “outperform” rating to a “market perform” rating and set a $166.99 price target for the company. in a research report on Monday. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $190.00 to $170.00 in a research report on Thursday. Deutsche Bank reduced their price target on shares of Union Pacific from $200.00 to $197.00 and set a “buy” rating for the company in a research report on Wednesday, June 12th. Stifel Nicolaus set a $170.00 price target on shares of Union Pacific and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Finally, TD Securities boosted their price target on shares of Union Pacific from $170.00 to $180.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Union Pacific currently has an average rating of “Buy” and an average target price of $175.30.
In other news, Director William J. Delaney III purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average cost of $174.06 per share, with a total value of $870,300.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $870,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Todd M. Rynaski sold 8,802 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.00, for a total transaction of $1,496,340.00. Following the transaction, the vice president now directly owns 19,731 shares of the company’s stock, valued at $3,354,270. The disclosure for this sale can be found here. Insiders sold 31,667 shares of company stock valued at $5,454,729 over the last ninety days. Corporate insiders own 9.96% of the company’s stock.
Shares of NYSE:UNP traded down $2.12 on Monday, reaching $164.88. The company’s stock had a trading volume of 808,004 shares, compared to its average volume of 2,706,800. Union Pacific Co. has a 52-week low of $128.08 and a 52-week high of $180.02. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.60 and a current ratio of 0.75. The stock has a market capitalization of $118.20 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.84 and a beta of 1.09.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 18th. The railroad operator reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The business had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. As a group, research analysts forecast that Union Pacific Co. will post 9.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a $0.88 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.13%. Union Pacific’s payout ratio is 44.50%.
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Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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