Pacer Advisors Inc. raised its stake in shares of Union Pacific Corporation (NYSE:UNP) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,350 shares of the railroad operator’s stock after purchasing an additional 833 shares during the quarter. Pacer Advisors Inc.’s holdings in Union Pacific Corporation were worth $1,732,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. LBA Wealth Management LLC increased its stake in Union Pacific Corporation by 4.3% during the 1st quarter. LBA Wealth Management LLC now owns 10,827 shares of the railroad operator’s stock valued at $1,147,000 after purchasing an additional 450 shares in the last quarter. United Bank VA increased its stake in Union Pacific Corporation by 28.2% during the 1st quarter. United Bank VA now owns 35,001 shares of the railroad operator’s stock valued at $3,707,000 after purchasing an additional 7,693 shares in the last quarter. United Bank Inc. increased its stake in Union Pacific Corporation by 8.4% during the 1st quarter. United Bank Inc. now owns 44,499 shares of the railroad operator’s stock valued at $4,713,000 after purchasing an additional 3,444 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Union Pacific Corporation by 8.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 545,905 shares of the railroad operator’s stock valued at $57,823,000 after purchasing an additional 41,036 shares in the last quarter. Finally, Shufro Rose & Co. LLC increased its stake in Union Pacific Corporation by 2.7% during the 1st quarter. Shufro Rose & Co. LLC now owns 11,501 shares of the railroad operator’s stock valued at $1,218,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.
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In other news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the completion of the transaction, the executive vice president now directly 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 accessible through this link. Corporate insiders own 0.20% of the company’s stock.
Shares of Union Pacific Corporation (NYSE UNP) traded up 2.29% during mid-day trading on Friday, hitting $113.40. 8,269,901 shares of the stock traded hands. The stock has a 50-day moving average of $105.02 and a 200 day moving average of $107.33. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15. The stock has a market cap of $90.76 billion, a PE ratio of 20.57 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations 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 revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 EPS. Equities analysts predict that Union Pacific Corporation will post $5.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is currently 43.84%.
UNP has been the topic of a number of research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $118.00 price objective (up previously from $112.00) on shares of Union Pacific Corporation in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Tuesday, May 30th. BidaskClub lowered shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Credit Suisse Group increased their price objective on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $116.00 price target on shares of Union Pacific Corporation in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $113.22.
Union Pacific Corporation 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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