Bristol Advisors LLC Acquires Shares of 2,700 Union Pacific Co. (UNP)

Bristol Advisors LLC acquired a new stake in shares of Union Pacific Co. (NYSE:UNP) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,700 shares of the railroad operator’s stock, valued at approximately $280,000.

A number of other institutional investors have also recently added to or reduced their stakes in UNP. State Street Corp increased its position in Union Pacific by 4.2% in the fourth quarter. State Street Corp now owns 34,558,403 shares of the railroad operator’s stock valued at $3,583,032,000 after buying an additional 1,407,325 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Union Pacific by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 21,830,343 shares of the railroad operator’s stock valued at $2,129,113,000 after buying an additional 116,580 shares during the last quarter. BlackRock Fund Advisors increased its position in Union Pacific by 3.8% in the third quarter. BlackRock Fund Advisors now owns 10,306,491 shares of the railroad operator’s stock valued at $1,005,192,000 after buying an additional 376,668 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Union Pacific by 2.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,134,417 shares of the railroad operator’s stock valued at $598,290,000 after buying an additional 154,512 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its position in Union Pacific by 1.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 4,160,322 shares of the railroad operator’s stock valued at $431,342,000 after buying an additional 41,850 shares during the last quarter. 79.43% of the stock is owned by hedge funds and other institutional investors.

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

Union Pacific Co. (NYSE:UNP) opened at 105.99 on Monday. Union Pacific Co. has a 12 month low of $77.29 and a 12 month high of $111.38. The company has a 50 day moving average price of $107.80 and a 200 day moving average price of $100.98. The stock has a market capitalization of $86.25 billion, a price-to-earnings ratio of 20.91 and a beta of 0.71.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, January 19th. The railroad operator reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Union Pacific had a net margin of 21.23% and a return on equity of 20.88%. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.09 billion. During the same period in the previous year, the company posted $1.31 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts predict that Union Pacific Co. will post $5.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Tuesday, February 28th will be given a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Friday, February 24th. Union Pacific’s payout ratio is 47.64%.

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A number of equities research analysts have commented on UNP shares. Royal Bank of Canada increased their target price on Union Pacific from $111.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, January 20th. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Tuesday, January 24th. Wells Fargo & Co started coverage on Union Pacific in a report on Monday, March 13th. They set a “market perform” rating and a $115.00 target price on the stock. Barclays PLC upgraded Union Pacific from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $104.00 to $122.00 in a report on Monday, January 9th. Finally, Stifel Nicolaus increased their target price on Union Pacific from $98.00 to $102.00 and gave the company a “hold” rating in a report on Friday, January 20th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Union Pacific presently has a consensus rating of “Hold” and an average target price of $104.24.

In other Union Pacific news, Director Andrew H. Card, Jr. sold 4,000 shares of Union Pacific stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $109.53, for a total transaction of $438,120.00. Following the transaction, the director now directly owns 22,400 shares in the company, valued at approximately $2,453,472. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth F. Whited sold 1,000 shares of Union Pacific stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $106.89, for a total transaction of $106,890.00. Following the transaction, the executive vice president now owns 50,583 shares in the company, valued at $5,406,816.87. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Union Pacific Company Profile

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.

5 Day Chart for NYSE:UNP

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).

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