Ironvine Capital Partners LLC Sells 256 Shares of Union Pacific Co. (NYSE:UNP)

by · The Markets Daily

Ironvine Capital Partners LLC trimmed its holdings in Union Pacific Co. (NYSE:UNP – Free Report) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,496 shares of the railroad operator’s stock after selling 256 shares during the quarter. Union Pacific makes up approximately 1.3% of Ironvine Capital Partners LLC’s holdings, making the stock its 21st biggest position. Ironvine Capital Partners LLC’s holdings in Union Pacific were worth $12,427,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Union Pacific by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator’s stock valued at $3,282,305,000 after purchasing an additional 1,616,895 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Union Pacific by 14.3% during the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator’s stock worth $2,370,559,000 after purchasing an additional 1,298,178 shares during the last quarter. Norges Bank purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $1,927,377,000. Franklin Resources Inc. grew its stake in Union Pacific by 5.0% in the 4th quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator’s stock valued at $1,752,804,000 after acquiring an additional 363,937 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Union Pacific by 1.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,594,882 shares of the railroad operator’s stock valued at $1,503,899,000 after acquiring an additional 105,111 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Insider Activity at Union Pacific

In related news, EVP Craig V. Richardson sold 6,495 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $252.00, for a total value of $1,636,740.00. Following the completion of the transaction, the executive vice president now owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Elizabeth F. Whited sold 7,500 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the sale, the president now directly owns 64,960 shares in the company, valued at $16,240,000. This trade represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on UNP shares. Stifel Nicolaus lowered their price target on shares of Union Pacific from $270.00 to $248.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Raymond James lowered their price objective on shares of Union Pacific from $285.00 to $260.00 and set a “strong-buy” rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Union Pacific in a research report on Friday, March 7th. They set a “buy” rating and a $295.00 price target on the stock. Benchmark upped their price target on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Susquehanna lowered their price target on Union Pacific from $265.00 to $255.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $257.50.

Check Out Our Latest Research Report on Union Pacific

Union Pacific Price Performance

Shares of UNP stock opened at $216.91 on Wednesday. Union Pacific Co. has a 52-week low of $204.66 and a 52-week high of $258.07. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77. The stock has a market cap of $130.00 billion, a PE ratio of 19.56, a PEG ratio of 2.15 and a beta of 1.06. The firm’s 50 day moving average price is $233.69 and its two-hundred day moving average price is $236.10.

Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same period in the previous year, the firm earned $2.71 earnings per share. As a group, analysts forecast that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.47%. Union Pacific’s payout ratio is presently 48.33%.

About Union Pacific

(Free Report)

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.

Recommended Stories

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 – Free Report).