BlackRock Amends Union Pacific Stake to 9.7%
Ticker: UNP · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 100885
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a huge chunk of Union Pacific, 9.7% as of year-end!**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in Union Pacific Corporation as of December 31, 2023. The filing indicates BlackRock beneficially owns 59,517,144 shares of Union Pacific's common stock, representing 9.7% of the company. This is an amendment (Amendment No. 14), suggesting a change in their holdings from a previous filing. This matters to investors because BlackRock is a major institutional investor, and changes in their stake can signal their confidence (or lack thereof) in Union Pacific's future performance, potentially influencing other investors.
Why It Matters
BlackRock's significant 9.7% stake in Union Pacific means they are a major shareholder, and their investment decisions can influence the stock's perception and potentially its price.
Risk Assessment
Risk Level: low — This filing is routine disclosure from a large institutional investor and does not indicate any immediate or significant risk to the company or its shareholders.
Analyst Insight
Smart investors should note BlackRock's continued significant stake as a vote of confidence, but understand this is a routine update and not a new investment thesis. It's a data point for long-term holders, not a short-term trading signal.
Key Numbers
- 59,517,144 — Shares Beneficially Owned (Represents BlackRock's total holding in Union Pacific as of December 31, 2023.)
- 9.7% — Ownership Percentage (Indicates BlackRock's significant influence as a major shareholder in Union Pacific.)
- December 31, 2023 — Reporting Date (The snapshot date for the reported share ownership.)
- Amendment No: 14 — Filing Amendment Number (Shows this is an update to BlackRock's previous disclosures, indicating a change in their stake.)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Union Pacific Corporation (company) — the subject company in which BlackRock holds shares
- 59,517,144 (dollar_amount) — number of shares beneficially owned by BlackRock
- 9.7% (dollar_amount) — percentage of Union Pacific's common stock owned by BlackRock
- December 31, 2023 (date) — the date of the event which required the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant, but potentially fluctuating, stake in Union Pacific Corporation. (BlackRock, Inc.) — high confidence, target: December 31, 2024
- Union Pacific's stock price will not be significantly impacted solely by this routine disclosure. (Union Pacific Corporation) — high confidence, target: February 26, 2024
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G filing, used by passive institutional investors (like BlackRock) to report their beneficial ownership of 5% or more of a company's stock. The 'A' signifies it's an amendment, updating previous disclosures, as seen with 'Amendment No: 14' for BlackRock's filing regarding Union Pacific Corporation.
Who is the reporting person in this filing and what company are they reporting on?
The reporting person is BlackRock, Inc., and they are reporting their ownership in Union Pacific Corporation, identified as the 'Name of Issuer' in the filing.
What percentage of Union Pacific Corporation's common stock does BlackRock, Inc. beneficially own according to this filing?
According to the filing, BlackRock, Inc. beneficially owns 9.7% of Union Pacific Corporation's common stock as of December 31, 2023.
How many shares of Union Pacific Corporation's common stock does BlackRock, Inc. beneficially own?
BlackRock, Inc. beneficially owns 59,517,144 shares of Union Pacific Corporation's common stock, as stated in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, which is the date BlackRock's ownership stake was measured for this report.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding UNION PACIFIC CORP (UNP).