Plancorp LLC cut its position in Union Pacific Corporation (NYSE:UNP) by 26.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,237 shares of the railroad operator’s stock after selling 1,535 shares during the period. Plancorp LLC’s holdings in Union Pacific Corporation were worth $461,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Summit Asset Management LLC increased its holdings in shares of Union Pacific Corporation by 0.3% in the first quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock valued at $763,000 after purchasing an additional 19 shares during the period. Family Firm Inc. increased its holdings in shares of Union Pacific Corporation by 0.5% in the first quarter. Family Firm Inc. now owns 4,178 shares of the railroad operator’s stock valued at $443,000 after purchasing an additional 21 shares during the period. Court Place Advisors LLC grew its holdings in Union Pacific Corporation by 0.4% during the first quarter. Court Place Advisors LLC now owns 7,506 shares of the railroad operator’s stock worth $795,000 after acquiring an additional 29 shares during the period. Tortoise Investment Management LLC grew its holdings in Union Pacific Corporation by 1.2% during the first quarter. Tortoise Investment Management LLC now owns 2,540 shares of the railroad operator’s stock worth $269,000 after acquiring an additional 30 shares during the period. Finally, Highland Private Wealth Management grew its holdings in Union Pacific Corporation by 1.6% during the first quarter. Highland Private Wealth Management now owns 1,978 shares of the railroad operator’s stock worth $210,000 after acquiring an additional 32 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of Union Pacific Corporation (NYSE:UNP) opened at 115.34 on Friday. The firm’s 50-day moving average price is $105.56 and its 200 day moving average price is $107.35. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $115.57. The firm has a market cap of $92.32 billion, a PE ratio of 20.92 and a beta of 0.81.
Union Pacific Corporation (NYSE:UNP) last issued its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The company 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 company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. On average, equities research analysts forecast that Union Pacific Corporation will post $5.79 EPS for the current fiscal year.
The business 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 dividend yield of 2.10%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is currently 43.84%.
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UNP has been the topic of several analyst reports. BidaskClub lowered Union Pacific Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $116.00 target price on shares of Union Pacific Corporation in a report on Friday, June 2nd. Zacks Investment Research raised Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a report on Thursday, July 13th. Morgan Stanley reiterated an “overweight” rating and set a $102.00 price target (up previously from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $123.00 price target on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. Union Pacific Corporation currently has an average rating of “Hold” and a consensus price target of $113.38.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation 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 completion of the sale, the executive vice president now owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% 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.
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