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Pittenger & Anderson Inc. Sells 10,618 Shares of Union Pacific Corporation $UNP

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Key Points

  • Pittenger & Anderson Inc. reduced its stake in Union Pacific (UNP) by 44.7%, selling 10,618 shares in Q4 and retaining 13,135 shares valued at about $3.04 million.
  • Union Pacific reported a Q1 earnings beat — EPS $2.93 vs. $2.86 expected and revenue $6.22B vs. $6.12B — and analysts have largely reaffirmed or raised targets, leaving a consensus "Moderate Buy" with an average price target near $279.55.
  • Notable insider selling (31,386 shares worth roughly $8.46 million in the past three months) coincides with a refiled merger application with Norfolk Southern that projects $3.5B in shipper savings but faces criticism from rivals, unions and regulators, increasing approval risk.
  • MarketBeat previews top five stocks to own in June.

Pittenger & Anderson Inc. lowered its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 44.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,135 shares of the railroad operator's stock after selling 10,618 shares during the period. Pittenger & Anderson Inc.'s holdings in Union Pacific were worth $3,038,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific during the 4th quarter worth approximately $25,000. High Point Wealth Management LLC bought a new stake in shares of Union Pacific during the 4th quarter worth approximately $26,000. Caitlin John LLC bought a new stake in shares of Union Pacific during the 3rd quarter worth approximately $27,000. Saranac Partners Ltd bought a new stake in shares of Union Pacific during the 3rd quarter worth approximately $27,000. Finally, Stephens Consulting LLC lifted its holdings in shares of Union Pacific by 48.4% during the 4th quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator's stock worth $31,000 after acquiring an additional 44 shares during the period. Institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

UNP stock opened at $266.40 on Monday. The company has a 50 day simple moving average of $252.18 and a 200 day simple moving average of $239.51. The stock has a market cap of $158.17 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 2.83 and a beta of 0.99. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $274.79. 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 (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 29.20% and a return on equity of 39.58%. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.70 EPS. Research analysts anticipate that Union Pacific Corporation will post 12.53 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, February 27th. Union Pacific's dividend payout ratio is currently 45.47%.

Insider Buying and Selling

In other Union Pacific news, 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 transaction, the executive vice president directly owned 61,102 shares in the company, valued at approximately $16,605,079.52. This represents a 30.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Eric J. Gehringer sold 1,999 shares of the company's stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $234.93, for a total transaction of $469,625.07. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,386 shares of company stock worth $8,461,716 in the last three months. 0.22% of the stock is owned by corporate insiders.

Trending Headlines about Union Pacific

Here are the key news stories impacting Union Pacific this week:

Analyst Ratings Changes

A number of analysts have recently weighed in on UNP shares. Susquehanna reaffirmed a "buy" rating on shares of Union Pacific in a report on Monday, January 19th. UBS Group reaffirmed a "neutral" rating and set a $274.00 price target (up from $253.00) on shares of Union Pacific in a report on Friday, April 24th. Evercore reaffirmed an "outperform" rating and set a $277.00 price target on shares of Union Pacific in a report on Friday, April 24th. Citigroup reaffirmed a "buy" rating and set a $307.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, TD Cowen upped their price target on shares of 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, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and a consensus price target of $279.55.

Check Out Our Latest Stock Report on Union Pacific

Union Pacific Profile

(Free Report)

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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