East Coast Asset Management LLC. reduced its position in Union Pacific Corp. (NYSE:UNP) by 38.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,530 shares of the railroad operator’s stock after selling 9,606 shares during the period. East Coast Asset Management LLC.’s holdings in Union Pacific Corp. were worth $1,355,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in UNP. Dodge & Cox boosted its stake in Union Pacific Corp. by 4,160.3% in the first quarter. Dodge & Cox now owns 12,252,674 shares of the railroad operator’s stock worth $974,700,000 after buying an additional 11,965,075 shares during the last quarter. Wellington Management Group LLP boosted its stake in Union Pacific Corp. by 37.2% in the first quarter. Wellington Management Group LLP now owns 17,675,862 shares of the railroad operator’s stock worth $1,406,114,000 after buying an additional 4,787,909 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Union Pacific Corp. by 56.4% in the first quarter. Lazard Asset Management LLC now owns 10,638,241 shares of the railroad operator’s stock worth $846,269,000 after buying an additional 3,835,860 shares during the last quarter. Bank of Montreal Can purchased a new stake in Union Pacific Corp. during the second quarter worth approximately $141,246,000. Finally, Franklin Resources Inc. boosted its stake in Union Pacific Corp. by 17.0% in the first quarter. Franklin Resources Inc. now owns 10,041,797 shares of the railroad operator’s stock worth $798,825,000 after buying an additional 1,459,600 shares during the last quarter. 78.14% of the stock is owned by hedge funds and other institutional investors.
Union Pacific Corp. (NYSE:UNP) opened at 94.33 on Friday. Union Pacific Corp. has a 52 week low of $67.06 and a 52 week high of $98.28. The stock has a market capitalization of $78.57 billion, a P/E ratio of 18.37 and a beta of 0.92. The firm’s 50-day moving average is $94.32 and its 200-day moving average is $87.81.
Union Pacific Corp. (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 21st. The railroad operator reported $1.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.17. The company had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Union Pacific Corp. had a net margin of 21.48% and a return on equity of 21.29%. Union Pacific Corp.’s revenue was down 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 EPS. On average, equities research analysts predict that Union Pacific Corp. will post $5.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $2.20 annualized dividend and a yield of 2.33%. Union Pacific Corp.’s dividend payout ratio is currently 42.80%.
A number of equities research analysts recently commented on UNP shares. Morgan Stanley raised shares of Union Pacific Corp. from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $78.00 to $90.00 in a research report on Friday, June 3rd. Vetr cut shares of Union Pacific Corp. from a “buy” rating to a “hold” rating and set a $89.24 target price for the company. in a research report on Monday, June 6th. Oppenheimer Holdings Inc. started coverage on shares of Union Pacific Corp. in a research report on Wednesday, June 15th. They set a “market perform” rating for the company. Scotiabank cut shares of Union Pacific Corp. from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $93.00 to $88.00 in a research report on Monday, June 20th. Finally, Howard Weil lowered shares of Union Pacific Corp. to a “sector perform” rating in a research note on Tuesday, June 21st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. Union Pacific Corp. currently has a consensus rating of “Hold” and a consensus price target of $95.56.
In other news, EVP Robert M. Knight, Jr. sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $97.00, for a total transaction of $485,000.00. Following the transaction, the executive vice president now directly owns 150,660 shares of the company’s stock, valued at approximately $14,614,020. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of the company’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 transaction, the executive vice president now directly owns 150,660 shares in the company, valued at $14,348,858.40. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.
About Union Pacific Corp.
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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