Pecaut & CO. decreased its stake in Union Pacific Corporation (NYSE:UNP) by 3.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 28,539 shares of the railroad operator’s stock after selling 1,000 shares during the period. Union Pacific Corporation makes up 2.6% of Pecaut & CO.’s holdings, making the stock its 15th largest position. Pecaut & CO.’s holdings in Union Pacific Corporation were worth $3,108,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. A.R.T. Advisors LLC boosted its stake in Union Pacific Corporation by 740.0% in the fourth quarter. A.R.T. Advisors LLC now owns 50,400 shares of the railroad operator’s stock valued at $5,225,000 after buying an additional 44,400 shares during the period. Intact Investment Management Inc. purchased a new stake in Union Pacific Corporation during the fourth quarter valued at $1,577,000. Gardner Lewis Asset Management L P boosted its stake in Union Pacific Corporation by 20.7% in the fourth quarter. Gardner Lewis Asset Management L P now owns 32,655 shares of the railroad operator’s stock valued at $3,386,000 after buying an additional 5,602 shares during the period. Envestnet Asset Management Inc. boosted its stake in Union Pacific Corporation by 3.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 215,996 shares of the railroad operator’s stock worth $22,390,000 after buying an additional 6,498 shares during the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management boosted its stake in Union Pacific Corporation by 3.1% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,144 shares of the railroad operator’s stock worth $222,000 after buying an additional 64 shares during the last quarter. Institutional investors own 79.88% of the company’s stock.
Union Pacific Corporation (NYSE:UNP) traded up 0.86% during trading on Friday, hitting $103.57. 3,340,923 shares of the stock traded hands. The company has a market cap of $82.90 billion, a P/E ratio of 18.78 and a beta of 0.81. The firm has a 50-day moving average price of $106.03 and a 200 day moving average price of $107.74. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $115.15.
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 Thomson Reuters’ consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the prior year, the business earned $1.17 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities analysts expect that Union Pacific Corporation will post $5.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is 43.84%.
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A number of equities research analysts have commented on UNP shares. Citigroup Inc. restated a “buy” rating and issued a $120.00 price target on shares of Union Pacific Corporation in a report on Monday, July 10th. Morgan Stanley restated an “overweight” rating and issued a $102.00 price target (up from $100.00) on shares of Union Pacific Corporation in a report on Monday, July 10th. Zacks Investment Research cut shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. BMO Capital Markets restated a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a report on Friday, June 2nd. Finally, Cowen and Company raised their price objective on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the company a “market perform” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $112.20.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the sale, 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 through this hyperlink. 0.20% of the stock is currently owned by company insiders.
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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