Simon Quick Advisors LLC Sells 214 Shares of Union Pacific Co. (NYSE:UNP)

Simon Quick Advisors LLC lowered its position in shares of Union Pacific Co. (NYSE:UNPGet Rating) by 52.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 192 shares of the railroad operator’s stock after selling 214 shares during the period. Simon Quick Advisors LLC’s holdings in Union Pacific were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in Union Pacific by 5.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,495,885 shares of the railroad operator’s stock worth $2,057,298,000 after purchasing an additional 529,029 shares during the period. Geode Capital Management LLC grew its position in Union Pacific by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,242,572 shares of the railroad operator’s stock worth $2,002,312,000 after purchasing an additional 141,498 shares during the period. Soroban Capital Partners LP grew its position in Union Pacific by 48.5% in the 3rd quarter. Soroban Capital Partners LP now owns 5,465,343 shares of the railroad operator’s stock worth $1,071,262,000 after purchasing an additional 1,784,379 shares during the period. Morgan Stanley grew its position in Union Pacific by 0.6% in the 2nd quarter. Morgan Stanley now owns 5,149,414 shares of the railroad operator’s stock worth $1,132,511,000 after purchasing an additional 32,190 shares during the period. Finally, Franklin Resources Inc. grew its position in Union Pacific by 23.8% in the 3rd quarter. Franklin Resources Inc. now owns 5,118,974 shares of the railroad operator’s stock worth $1,003,371,000 after purchasing an additional 984,417 shares during the period. 77.85% of the stock is owned by institutional investors.

Shares of UNP traded down $4.96 during midday trading on Friday, hitting $234.29. 4,407,118 shares of the company traded hands, compared to its average volume of 3,740,395. The firm has a 50 day moving average of $253.15 and a 200-day moving average of $246.51. Union Pacific Co. has a 52 week low of $195.68 and a 52 week high of $278.94. The stock has a market cap of $147.14 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.03 and a beta of 1.18. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.58 and a current ratio of 0.71.

Union Pacific (NYSE:UNPGet Rating) last released its quarterly earnings data on Thursday, April 21st. The railroad operator reported $2.57 EPS for the quarter, beating the consensus estimate of $2.56 by $0.01. Union Pacific had a net margin of 30.06% and a return on equity of 50.20%. The business had revenue of $5.86 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the firm earned $2.00 EPS. The business’s revenue was up 17.2% on a year-over-year basis. Sell-side analysts predict that Union Pacific Co. will post 11.64 earnings per share for the current fiscal year.

Union Pacific declared that its Board of Directors has approved a share buyback plan on Thursday, February 3rd that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the railroad operator to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, February 28th were issued a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, February 25th. Union Pacific’s payout ratio is 44.87%.

In related news, EVP Kenyatta G. Rocker sold 4,018 shares of the stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $250.00, for a total value of $1,004,500.00. Following the completion of 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by company insiders.

A number of research firms have commented on UNP. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Monday, April 25th. Stephens boosted their price objective on shares of Union Pacific from $257.00 to $278.00 in a research report on Tuesday, January 4th. Barclays boosted their price objective on shares of Union Pacific from $260.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, January 14th. Susquehanna boosted their price objective on shares of Union Pacific from $306.00 to $310.00 and gave the company a “positive” rating in a research report on Thursday, April 7th. Finally, Citigroup boosted their price objective on shares of Union Pacific from $245.00 to $287.00 in a research report on Wednesday, January 5th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Buy” and a consensus price target of $267.74.

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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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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