Terra Nova Asset Management LLC cut its stake in Union Pacific Corp. (NYSE:UNP) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,071 shares of the railroad operator’s stock after selling 190 shares during the period. Union Pacific Corp. comprises approximately 1.7% of Terra Nova Asset Management LLC’s holdings, making the stock its 24th largest position. Terra Nova Asset Management LLC’s holdings in Union Pacific Corp. were worth $966,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in UNP. Community Bank N.A. raised its stake in shares of Union Pacific Corp. by 41.9% in the second quarter. Community Bank N.A. now owns 1,422 shares of the railroad operator’s stock worth $124,000 after buying an additional 420 shares during the period. Arcadia Investment Management Corp MI raised its stake in shares of Union Pacific Corp. by 164.4% in the second quarter. Arcadia Investment Management Corp MI now owns 1,507 shares of the railroad operator’s stock worth $131,000 after buying an additional 937 shares during the period. Gilman Hill Asset Management LLC bought a new stake in shares of Union Pacific Corp. during the second quarter worth $200,000. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of Union Pacific Corp. during the second quarter worth $201,000. Finally, Pioneer Trust Bank N A OR bought a new stake in shares of Union Pacific Corp. during the second quarter worth $210,000. 78.14% of the stock is currently owned by institutional investors and hedge funds.
Union Pacific Corp. (NYSE:UNP) traded up 1.64% during trading on Friday, hitting $97.53. 5,190,834 shares of the company were exchanged. The company has a 50-day moving average of $94.68 and a 200-day moving average of $88.38. Union Pacific Corp. has a 12 month low of $67.06 and a 12 month high of $98.28. The company has a market capitalization of $81.23 billion, a price-to-earnings ratio of 18.99 and a beta of 0.92.
Union Pacific Corp. (NYSE:UNP) last announced its earnings results on Thursday, July 21st. The railroad operator reported $1.17 earnings per share for the quarter, meeting the consensus estimate of $1.17. The business earned $4.77 billion during the quarter, compared to the consensus estimate of $4.80 billion. Union Pacific Corp. had a net margin of 21.48% and a return on equity of 21.29%. The business’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 earnings per share. Analysts forecast that Union Pacific Corp. will post $5.03 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were issued a $0.55 dividend. The ex-dividend date was Monday, August 29th. This represents a $2.20 annualized dividend and a yield of 2.26%. Union Pacific Corp.’s dividend payout ratio is presently 42.80%.
A number of equities research analysts have recently weighed in on UNP shares. Vetr lowered shares of Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $90.44 price objective on the stock. in a report on Wednesday, August 17th. Scotiabank lowered shares of Union Pacific Corp. from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $93.00 to $88.00 in a report on Monday, June 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Union Pacific Corp. in a report on Thursday, July 7th. Zacks Investment Research lowered shares of Union Pacific Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $93.00 price target on shares of Union Pacific Corp. in a report on Saturday, August 13th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Union Pacific Corp. presently has an average rating of “Hold” and an average target price of $95.56.
In related 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 value of $485,000.00. Following the sale, the executive vice president now directly owns 150,660 shares of the company’s stock, valued at $14,614,020. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were 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 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 corporate 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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