Timber Hill LLC Decreases Stake in Union Pacific Co. (UNP)

Timber Hill LLC decreased its position in Union Pacific Co. (NYSE:UNP) by 69.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,879 shares of the railroad operator’s stock after selling 33,430 shares during the quarter. Timber Hill LLC’s holdings in Union Pacific were worth $2,000,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Santa Barbara Asset Management LLC boosted its stake in shares of Union Pacific by 18.5% in the first quarter. Santa Barbara Asset Management LLC now owns 1,324,292 shares of the railroad operator’s stock valued at $178,025,000 after buying an additional 207,017 shares during the period. Connecticut Wealth Management LLC boosted its stake in shares of Union Pacific by 18.2% in the first quarter. Connecticut Wealth Management LLC now owns 10,296 shares of the railroad operator’s stock valued at $1,370,000 after buying an additional 1,584 shares during the period. Tyers Asset Management LLC boosted its stake in shares of Union Pacific by 9.7% in the first quarter. Tyers Asset Management LLC now owns 193,424 shares of the railroad operator’s stock valued at $26,002,000 after buying an additional 17,072 shares during the period. Motco boosted its stake in shares of Union Pacific by 4.4% in the first quarter. Motco now owns 42,087 shares of the railroad operator’s stock valued at $5,658,000 after buying an additional 1,792 shares during the period. Finally, Riverhead Capital Management LLC boosted its stake in shares of Union Pacific by 1.5% in the first quarter. Riverhead Capital Management LLC now owns 28,103 shares of the railroad operator’s stock valued at $3,778,000 after buying an additional 420 shares during the period. 79.01% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on UNP shares. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 14th. Argus upped their target price on Union Pacific from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Deutsche Bank upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a research note on Monday, April 2nd. Bank of America upped their target price on Union Pacific from $150.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. Finally, UBS cut their target price on Union Pacific from $164.00 to $162.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $138.95.

In related news, CFO Robert M. Knight, Jr. sold 25,000 shares of the stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $137.39, for a total value of $3,434,750.00. Following the completion of the sale, the chief financial officer now directly owns 106,518 shares in the company, valued at $14,634,508.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth F. Whited sold 15,576 shares of the stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $133.79, for a total value of $2,083,913.04. Following the completion of the sale, the executive vice president now owns 65,613 shares of the company’s stock, valued at $8,778,363.27. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Shares of Union Pacific opened at $141.66 on Wednesday, according to Marketbeat Ratings. Union Pacific Co. has a 52 week low of $101.06 and a 52 week high of $146.73. The firm has a market capitalization of $111.75 billion, a PE ratio of 24.47, a PEG ratio of 1.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.82 and a quick ratio of 0.65.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 26th. The railroad operator reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.02. Union Pacific had a return on equity of 22.16% and a net margin of 50.73%. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the prior year, the company earned $1.32 EPS. Union Pacific’s revenue was up 6.7% compared to the same quarter last year. analysts expect that Union Pacific Co. will post 7.59 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 31st will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, May 30th. Union Pacific’s payout ratio is 50.43%.

Union Pacific Company Profile

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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