Bokf Na Cuts Stake in Union Pacific Corporation $UNP

Key Points

• Bokf Na reduced its stake in Union Pacific by 9.2% in Q4, selling 7,922 shares and now holds 78,464 shares valued at about $18.15 million.
• Union Pacific beat quarterly expectations with EPS of $2.93 (vs. $2.86) and revenue of $6.22 billion, and declared a quarterly dividend of $1.38 ($5.52 annualized, ~2.1% yield).
• Wall Street gives UNP a consensus rating of “Moderate Buy” with an average price target of $279.55, and several firms recently raised targets (Citigroup $307, UBS $274, JPMorgan $275).

Bokf Na lowered its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,464 shares of the railroad operator's stock after selling 7,922 shares during the quarter. Bokf Na's holdings in Union Pacific were worth $18,150,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rachor Investment Advisory Services LLC purchased a new stake in shares of Union Pacific during the fourth quarter worth about $25,000. High Point Wealth Management LLC purchased a new stake in shares of Union Pacific during the fourth quarter worth about $26,000. Caitlin John LLC purchased a new stake in shares of Union Pacific during the third quarter worth about $27,000. Saranac Partners Ltd purchased a new stake in shares of Union Pacific during the third quarter worth about $27,000. Finally, Stephens Consulting LLC grew its position in shares of Union Pacific by 48.4% during the fourth quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator's stock worth $31,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on UNP shares. Citigroup reiterated a "buy" rating and set a $307.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. UBS Group reiterated a "neutral" rating and set a $274.00 target price (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. Susquehanna reiterated a "buy" rating on shares of Union Pacific in a research report on Monday, January 19th. JPMorgan Chase & Co. increased their target price on Union Pacific from $267.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, April 24th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $267.00 price target on shares of Union Pacific in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $279.55.

Union Pacific Stock Performance

NYSE UNP opened at $264.04 on Wednesday. The stock has a market capitalization of $156.76 billion, a PE ratio of 21.75, a P/E/G ratio of 2.80 and a beta of 0.99. The business has a 50 day simple moving average of $252.13 and a two-hundred day simple moving average of $239.78. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $274.79.

Union Pacific (NYSE:UNP - Get Free Report) 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 business had revenue of $6.22 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.70 EPS. On average, research analysts predict that Union Pacific Corporation will post 12.53 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, February 27th. Union Pacific's dividend payout ratio (DPR) is currently 45.47%.

Insider Buying and Selling at Union Pacific

In other news, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the completion of the transaction, the chief financial officer owned 114,642 shares in the company, valued at approximately $31,492,157.40. The trade was a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric J. Gehringer sold 1,999 shares of Union Pacific stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.93, for a total value of $469,625.07. The disclosure for this sale is available in the SEC filing. Insiders sold 31,386 shares of company stock worth $8,461,716 in the last quarter. 0.22% of the stock is owned by corporate insiders.

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.

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