Kayne Anderson Rudnick Investment Management LLC reduced its position in Union Pacific Corporation (NYSE:UNP) by 2.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 123,575 shares of the railroad operator’s stock after selling 3,319 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Union Pacific Corporation were worth $13,089,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Prospera Financial Services Inc boosted its position in Union Pacific Corporation by 0.3% in the first quarter. Prospera Financial Services Inc now owns 2,163 shares of the railroad operator’s stock valued at $230,000 after buying an additional 7 shares during the last quarter. Summit Asset Management LLC raised its stake in shares of Union Pacific Corporation by 0.3% in the first quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock valued at $763,000 after buying an additional 19 shares during the period. Family Firm Inc. raised its stake in shares of Union Pacific Corporation by 0.5% in the first quarter. Family Firm Inc. now owns 4,178 shares of the railroad operator’s stock valued at $443,000 after buying an additional 21 shares during the period. Court Place Advisors LLC raised its stake in shares of Union Pacific Corporation by 0.4% in the first quarter. Court Place Advisors LLC now owns 7,506 shares of the railroad operator’s stock valued at $795,000 after buying an additional 29 shares during the period. Finally, Highland Private Wealth Management raised its stake in shares of Union Pacific Corporation by 1.6% in the first quarter. Highland Private Wealth Management now owns 1,978 shares of the railroad operator’s stock valued at $210,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 79.88% of the company’s stock.
Shares of Union Pacific Corporation (NYSE UNP) traded up 0.86% during midday trading on Friday, reaching $103.57. The company’s stock had a trading volume of 3,340,923 shares. The stock has a market cap of $82.90 billion, a PE ratio of 18.78 and a beta of 0.81. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15. The firm has a 50-day moving average of $106.14 and a 200-day moving average of $107.77.
Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. On average, analysts forecast that Union Pacific Corporation will post $5.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a $0.605 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.34%. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.
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Several brokerages have issued reports on UNP. BMO Capital Markets reissued a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a report on Friday. BidaskClub lowered shares of Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $118.00 target price (up previously from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. Wolfe Research downgraded shares of Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, Zacks Investment Research upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $112.20.
In other news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the transaction, the executive vice president now owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.
Union Pacific Corporation Company Profile
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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