Papp L Roy & Associates acquired a new stake in Union Pacific Corp. (NYSE:UNP) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,368 shares of the railroad operator’s stock, valued at approximately $381,000.
A number of other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services Inc raised its stake in shares of Union Pacific Corp. by 1.5% in the first quarter. Commonwealth Equity Services Inc now owns 121,964 shares of the railroad operator’s stock valued at $9,702,000 after buying an additional 1,854 shares in the last quarter. Sarasin & Partners LLP bought a new stake in shares of Union Pacific Corp. during the first quarter valued at $28,614,000. Aperio Group LLC raised its stake in shares of Union Pacific Corp. by 32.5% in the first quarter. Aperio Group LLC now owns 385,903 shares of the railroad operator’s stock valued at $30,699,000 after buying an additional 94,559 shares in the last quarter. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Union Pacific Corp. during the first quarter valued at $1,495,000. Finally, Buffington Mohr McNeal raised its stake in shares of Union Pacific Corp. by 6.6% in the first quarter. Buffington Mohr McNeal now owns 4,692 shares of the railroad operator’s stock valued at $373,000 after buying an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 78.14% of the company’s stock.
Shares of Union Pacific Corp. (NYSE:UNP) traded down 0.28% during midday trading on Friday, reaching $98.07. The company’s stock had a trading volume of 3,275,299 shares. The stock has a 50-day moving average of $95.28 and a 200 day moving average of $88.93. Union Pacific Corp. has a 12 month low of $67.06 and a 12 month high of $98.84. The company has a market cap of $81.68 billion, a price-to-earnings ratio of 19.09 and a beta of 0.84.
Union Pacific Corp. (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 21st. The railroad operator reported $1.17 EPS for the quarter, hitting analysts’ consensus estimates of $1.17. The company had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.80 billion. Union Pacific Corp. had a return on equity of 21.29% and a net margin of 21.48%. The business’s revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 earnings per share. On average, analysts predict that Union Pacific Corp. will post $5.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Monday, August 29th. Union Pacific Corp.’s dividend payout ratio is currently 42.80%.
Several brokerages have weighed in on UNP. Vetr lowered Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $91.00 target price on the stock. in a research report on Monday, August 8th. Zacks Investment Research raised Union Pacific Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. Oppenheimer Holdings Inc. began coverage on Union Pacific Corp. in a research report on Wednesday, June 15th. They issued a “market perform” rating on the stock. Loop Capital reaffirmed a “hold” rating on shares of Union Pacific Corp. in a research report on Friday, September 9th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $94.00 target price on shares of Union Pacific Corp. in a research report on Sunday, August 21st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. Union Pacific Corp. presently has an average rating of “Hold” and a consensus price target of $96.12.
In other news, EVP Robert M. Knight, Jr. sold 10,000 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $95.24, for a total transaction of $952,400.00. Following the completion of the sale, the executive vice president now owns 150,660 shares in the company, valued at $14,348,858.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $97.00, for a total value of $485,000.00. Following the sale, the executive vice president now owns 150,660 shares of the company’s stock, valued at approximately $14,614,020. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
Union Pacific Corp. Company Profile
Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.
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