BI Asset Management Fondsmaeglerselskab A S Has $6.79 Million Stock Holdings in Union Pacific Corporation $UNP

Key Points

• BI Asset Management sharply reduced its Union Pacific stake by 84% in the first quarter, selling 146,379 shares and leaving it with 27,967 shares worth about $6.79 million.
• Union Pacific reported better-than-expected Q1 results, with EPS of $2.93 versus $2.86 expected and revenue of $6.22 billion, up 3.2% year over year.
• The company also announced a quarterly dividend of $1.38 per share, while analysts remain generally positive with a consensus rating of Moderate Buy and an average price target of $282.21.

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 84.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 27,967 shares of the railroad operator's stock after selling 146,379 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Union Pacific were worth $6,785,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific during the 4th quarter worth approximately $25,000. Tucker Asset Management LLC bought a new position in Union Pacific in the 4th quarter valued at approximately $25,000. SWAN Capital LLC boosted its position in Union Pacific by 2,575.0% in 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 in the last quarter. High Point Wealth Management LLC acquired a new stake in Union Pacific in the fourth quarter valued at approximately $26,000. Finally, Caitlin John LLC acquired a new stake in Union Pacific in the third quarter valued at approximately $27,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Insider Transactions at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the company's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president owned 61,102 shares in the company, valued at $16,605,079.52. The trade was a 30.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 32,378 shares of company stock worth $8,781,595 over the last ninety days. 0.22% of the stock is owned by insiders.

Union Pacific Price Performance

UNP stock opened at $257.46 on Monday. The company has a market capitalization of $152.86 billion, a P/E ratio of 21.21, a PEG ratio of 2.72 and a beta of 0.97. The company has a fifty day moving average price of $263.79 and a 200-day moving average price of $249.93. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $279.70.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.07. The company had revenue of $6.22 billion for the quarter, compared to analysts' expectations of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. Union Pacific's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.70 earnings per share. As a group, equities analysts expect that Union Pacific Corporation will post 12.55 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific's dividend payout ratio is presently 45.47%.

Analysts Set New Price Targets

UNP has been the subject of several research analyst reports. Benchmark upped their price target on shares of Union Pacific from $275.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, April 24th. UBS Group reissued a "neutral" rating and set a $274.00 price objective (up from $253.00) on shares of Union Pacific in a report on Friday, April 24th. Royal Bank Of Canada reissued an "outperform" rating and set a $289.00 price objective (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. Evercore restated an "outperform" rating and set a $277.00 price objective on shares of Union Pacific in a research report on Friday, April 24th. Finally, TD Cowen upped their target price on Union Pacific from $256.00 to $282.00 and gave the stock a "buy" rating in a 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 given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $282.21.

About Union Pacific

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.

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