Union Pacific Co. (UNP) Position Boosted by Cullinan Associates Inc.

Cullinan Associates Inc. lifted its stake in Union Pacific Co. (NYSE:UNP) by 30.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,240 shares of the railroad operator’s stock after purchasing an additional 14,361 shares during the quarter. Union Pacific accounts for about 0.7% of Cullinan Associates Inc.’s investment portfolio, making the stock its 29th largest holding. Cullinan Associates Inc.’s holdings in Union Pacific were worth $10,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in UNP. Principal Financial Group Inc. lifted its stake in Union Pacific by 9.0% in the 1st quarter. Principal Financial Group Inc. now owns 2,439,928 shares of the railroad operator’s stock worth $327,999,000 after acquiring an additional 202,340 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Union Pacific in the 1st quarter worth about $243,000. Highbridge Capital Management LLC lifted its stake in Union Pacific by 159.5% in the 1st quarter. Highbridge Capital Management LLC now owns 4,412 shares of the railroad operator’s stock worth $593,000 after acquiring an additional 2,712 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in Union Pacific by 169.5% in the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 34,500 shares of the railroad operator’s stock worth $4,638,000 after acquiring an additional 21,700 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in Union Pacific by 15,109.3% in the 1st quarter. Summit Trail Advisors LLC now owns 478,180 shares of the railroad operator’s stock worth $478,000 after acquiring an additional 475,036 shares in the last quarter. Institutional investors and hedge funds own 80.47% of the company’s stock.

Shares of UNP stock opened at $148.70 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. Union Pacific Co. has a twelve month low of $109.83 and a twelve month high of $165.63. The company has a market capitalization of $110.84 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.80 and a beta of 0.81.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 19th. The railroad operator reported $1.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.04. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The business had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the business earned $1.45 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. On average, research analysts forecast that Union Pacific Co. will post 7.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, August 31st were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. The ex-dividend date was Thursday, August 30th. Union Pacific’s dividend payout ratio (DPR) is presently 55.27%.

In related news, EVP Robert M. Knight, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the transaction, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at approximately $17,448,713.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lynden L. Tennison sold 8,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total value of $1,282,034.00. Following the completion of the transaction, the executive vice president now directly owns 53,978 shares in the company, valued at $8,189,542.16. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

UNP has been the subject of several research analyst reports. ValuEngine downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Wednesday, July 18th. Cowen reaffirmed a “hold” rating and set a $151.00 price target on shares of Union Pacific in a research note on Thursday, July 19th. Royal Bank of Canada reaffirmed a “hold” rating and set a $145.00 price target on shares of Union Pacific in a research note on Friday, July 20th. Finally, Morgan Stanley raised their price target on Union Pacific from $136.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, July 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $160.22.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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

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