United Bank Inc. increased its stake in Union Pacific Corporation (NYSE:UNP) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,783 shares of the railroad operator’s stock after buying an additional 1,284 shares during the period. Union Pacific Corporation accounts for approximately 2.1% of United Bank Inc.’s holdings, making the stock its 13th largest position. United Bank Inc.’s holdings in Union Pacific Corporation were worth $4,986,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Advantage Investment Management LLC raised its position in Union Pacific Corporation by 263.7% in the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock valued at $101,000 after buying an additional 691 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised its position in Union Pacific Corporation by 96.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock valued at $108,000 after buying an additional 501 shares in the last quarter. Proficio Capital Partners LLC raised its position in Union Pacific Corporation by 36.3% in the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock valued at $111,000 after buying an additional 274 shares in the last quarter. Cable Hill Partners LLC raised its position in Union Pacific Corporation by 6.1% in the first quarter. Cable Hill Partners LLC now owns 1,130 shares of the railroad operator’s stock valued at $119,000 after buying an additional 65 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in Union Pacific Corporation by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after buying an additional 686 shares in the last quarter. Institutional investors and hedge funds own 79.88% of the company’s stock.
Shares of Union Pacific Corporation (NYSE:UNP) opened at 103.57 on Friday. The company 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. The company has a market capitalization of $82.90 billion, a PE ratio of 18.78 and a beta of 0.81.
Union Pacific Corporation (NYSE:UNP) last released its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned $1.17 EPS. On average, equities research analysts expect that Union Pacific Corporation will post $5.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a $0.605 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 annualized dividend and a dividend yield of 2.34%. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.
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Several research firms have weighed in on UNP. Stifel Nicolaus reiterated a “hold” rating and set a $118.00 target price (up from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. BMO Capital Markets reiterated a “buy” rating and set a $123.00 target price on shares of Union Pacific Corporation in a report on Friday. 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. Zacks Investment Research lowered Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, BidaskClub lowered Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Union Pacific Corporation currently has an average rating of “Hold” and an average price target of $112.10.
In other news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of 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 Securities & Exchange Commission, 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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