Union Pacific Corporation (UNP) Receives Buy Rating from Citigroup Inc.

Citigroup Inc. reiterated their buy rating on shares of Union Pacific Corporation (NYSE:UNP) in a research report report published on Monday, July 10th. They currently have a $120.00 price target on the railroad operator’s stock.

UNP has been the subject of a number of other reports. Royal Bank Of Canada reiterated a hold rating and set a $115.00 price target on shares of Union Pacific Corporation in a report on Friday, March 24th. Loop Capital reissued a hold rating on shares of Union Pacific Corporation in a research report on Saturday, March 25th. BMO Capital Markets reissued a buy rating and issued a $123.00 target price on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Cowen and Company raised their target price on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the stock a market perform rating in a research report on Friday, April 28th. Finally, Credit Suisse Group raised their target price on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the stock a buy rating in a research report on Friday, May 26th. Two 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. The stock has an average rating of Hold and a consensus price target of $112.20.

Union Pacific Corporation (NYSE UNP) traded up 0.48% during trading on Monday, reaching $103.06. 3,282,402 shares of the company’s stock traded hands. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $115.15. The firm has a market capitalization of $82.49 billion, a PE ratio of 18.69 and a beta of 0.81. The firm has a 50 day moving average of $107.61 and a 200 day moving average of $107.96.

Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 earnings per share. Equities analysts forecast that Union Pacific Corporation will post $5.79 EPS for the current year.

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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 given a dividend of $0.605 per share. 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 2.35%. Union Pacific Corporation’s payout ratio is currently 43.84%.

In other news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at $10,272,572. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Union Pacific Corporation by 10,333.3% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 680,044 shares of the railroad operator’s stock worth $680,000 after buying an additional 673,526 shares during the period. Employees Retirement System of Texas raised its position in shares of Union Pacific Corporation by 313.3% in the fourth quarter. Employees Retirement System of Texas now owns 199,600 shares of the railroad operator’s stock worth $20,695,000 after buying an additional 151,300 shares during the period. Smith Shellnut Wilson LLC ADV bought a new position in shares of Union Pacific Corporation during the fourth quarter worth approximately $215,000. Cim Investment Mangement Inc. raised its position in shares of Union Pacific Corporation by 137.0% in the fourth quarter. Cim Investment Mangement Inc. now owns 16,553 shares of the railroad operator’s stock worth $1,716,000 after buying an additional 9,569 shares during the period. Finally, Bluestein R H & Co. bought a new position in shares of Union Pacific Corporation during the fourth quarter worth approximately $35,338,000. Institutional investors and hedge funds own 79.88% 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.

Analyst Recommendations for Union Pacific Corporation (NYSE:UNP)

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