River & Mercantile Asset Management LLP bought a new stake in Union Pacific Co. (NYSE:UNP) during the 2nd quarter, Holdings Channel reports. The fund bought 172 shares of the railroad operator’s stock, valued at approximately $29,000.
Other large investors also recently added to or reduced their stakes in the company. Stephens Inc. AR grew its holdings in shares of Union Pacific by 12.1% during the first quarter. Stephens Inc. AR now owns 32,317 shares of the railroad operator’s stock worth $5,403,000 after buying an additional 3,489 shares in the last quarter. Stokes Capital Advisors LLC grew its stake in Union Pacific by 1.3% in the first quarter. Stokes Capital Advisors LLC now owns 18,193 shares of the railroad operator’s stock valued at $3,042,000 after purchasing an additional 225 shares in the last quarter. Goelzer Investment Management Inc. grew its stake in Union Pacific by 8.3% in the first quarter. Goelzer Investment Management Inc. now owns 4,533 shares of the railroad operator’s stock valued at $758,000 after purchasing an additional 348 shares in the last quarter. Kovack Advisors Inc. grew its stake in Union Pacific by 5.9% in the first quarter. Kovack Advisors Inc. now owns 2,930 shares of the railroad operator’s stock valued at $490,000 after purchasing an additional 164 shares in the last quarter. Finally, OLD National Bancorp IN grew its stake in Union Pacific by 2.0% in the first quarter. OLD National Bancorp IN now owns 43,831 shares of the railroad operator’s stock valued at $7,329,000 after purchasing an additional 849 shares in the last quarter. 77.77% of the stock is currently owned by hedge funds and other institutional investors.
UNP has been the subject of a number of analyst reports. Raymond James set a $197.00 price target on Union Pacific and gave the company a “buy” rating in a research note on Friday, July 19th. Goldman Sachs Group initiated coverage on Union Pacific in a research note on Wednesday, July 10th. They issued a “buy” rating and a $198.00 price target for the company. UBS Group decreased their price target on Union Pacific from $201.00 to $193.00 and set a “buy” rating for the company in a research note on Tuesday, September 17th. Loop Capital raised their price target on Union Pacific to $191.00 in a research note on Friday, July 19th. Finally, Atlantic Securities upgraded Union Pacific from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $175.00 to $195.00 in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. Union Pacific has an average rating of “Buy” and an average price target of $182.15.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted $1.98 EPS. As a group, sell-side analysts forecast that Union Pacific Co. will post 8.83 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a dividend of $0.97 per share. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a yield of 2.40%. The ex-dividend date was Thursday, August 29th. Union Pacific’s dividend payout ratio (DPR) is presently 49.05%.
In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of Union Pacific stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.96% of the company’s stock.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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