Union Pacific Co. (UNP) Sees Large Decline in Short Interest

Union Pacific Co. (NYSE:UNP) saw a large decrease in short interest during the month of March. As of March 29th, there was short interest totalling 10,944,780 shares, a decrease of 30.8% from the March 15th total of 15,823,075 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 4,533,686 shares, the days-to-cover ratio is currently 2.4 days.

In other news, CFO Robert M. Knight, Jr. sold 25,000 shares of the stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $137.39, for a total transaction of $3,434,750.00. Following the transaction, the chief financial officer now owns 106,518 shares in the company, valued at approximately $14,634,508.02. The sale was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $133.79, for a total transaction of $2,083,913.04. Following the transaction, the executive vice president now owns 65,613 shares in the company, valued at approximately $8,778,363.27. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

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Large investors have recently added to or reduced their stakes in the company. Acropolis Investment Management LLC bought a new position in shares of Union Pacific during the 4th quarter worth about $107,000. Icon Wealth Partners LLC bought a new position in shares of Union Pacific during the 4th quarter worth about $119,000. Exane Derivatives lifted its holdings in shares of Union Pacific by 55,600.0% during the 4th quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock worth $149,000 after acquiring an additional 1,112 shares during the period. Certified Advisory Corp bought a new position in shares of Union Pacific during the 4th quarter worth about $175,000. Finally, Aevitas Wealth Management Inc. bought a new position in shares of Union Pacific during the 4th quarter worth about $185,000. 79.90% of the stock is owned by institutional investors.

Several research firms recently issued reports on UNP. TD Securities decreased their price objective on shares of Union Pacific from $155.00 to $150.00 and set a “buy” rating for the company in a report on Friday, January 26th. Daiwa Capital Markets raised shares of Union Pacific from a “hold” rating to an “outperform” rating in a report on Thursday, January 11th. Wolfe Research raised shares of Union Pacific from a “market perform” rating to an “outperform” rating in a report on Friday, January 5th. Robert W. Baird reaffirmed a “hold” rating on shares of Union Pacific in a report on Friday, January 26th. Finally, UBS decreased their price objective on shares of Union Pacific from $164.00 to $162.00 and set a “buy” rating for the company in a report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. Union Pacific currently has a consensus rating of “Hold” and an average price target of $138.95.

Shares of Union Pacific stock opened at $138.96 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.65. Union Pacific has a fifty-two week low of $101.06 and a fifty-two week high of $143.05. The firm has a market capitalization of $106,827.13, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.70 and a beta of 0.79.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.01). Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same period last year, the company earned $1.39 earnings per share. Union Pacific’s revenue for the quarter was up 5.5% on a year-over-year basis. equities research analysts expect that Union Pacific will post 7.56 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.10%. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 27th. Union Pacific’s dividend payout ratio (DPR) is presently 50.43%.

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About Union Pacific

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.

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