Maj Invest Holding A S grew its stake in Union Pacific Co. (NYSE:UNP – Free Report) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 676,098 shares of the railroad operator’s stock after acquiring an additional 2,202 shares during the period. Union Pacific accounts for 4.4% of Maj Invest Holding A S’s holdings, making the stock its 12th biggest holding. Maj Invest Holding A S’s holdings in Union Pacific were worth $166,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of UNP. BNP Paribas bought a new position in Union Pacific during the 1st quarter worth about $1,088,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Union Pacific by 19.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock valued at $31,078,000 after purchasing an additional 20,173 shares in the last quarter. Shellback Capital LP increased its holdings in Union Pacific by 28.2% during the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after buying an additional 4,400 shares during the period. Peoples Bank KS bought a new position in Union Pacific in the third quarter worth approximately $834,000. Finally, M&G Plc purchased a new stake in Union Pacific during the first quarter worth $10,378,000. 80.38% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the transaction, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.28% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on Union Pacific
Union Pacific Stock Up 1.5 %
Shares of UNP stock opened at $242.31 on Friday. Union Pacific Co. has a twelve month low of $199.97 and a twelve month high of $258.66. The stock has a market cap of $147.84 billion, a P/E ratio of 23.12, a P/E/G ratio of 2.19 and a beta of 1.05. The stock has a 50 day moving average of $245.67 and a 200 day moving average of $238.61. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89.
Union Pacific (NYSE:UNP – Get Free Report) last posted its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.57 EPS. As a group, sell-side analysts expect that Union Pacific Co. will post 11.1 EPS for the current year.
Union Pacific Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a dividend of $1.34 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, August 30th. Union Pacific’s dividend payout ratio is presently 51.15%.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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