Korea Investment CORP lifted its position in shares of Union Pacific Corporation (NYSE:UNP) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 776,472 shares of the railroad operator’s stock after acquiring an additional 9,561 shares during the period. Korea Investment CORP owned about 0.10% of Union Pacific Corporation worth $84,566,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Advantage Investment Management LLC raised its position in shares of Union Pacific Corporation by 263.7% during the 1st quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock valued at $101,000 after acquiring an additional 691 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased 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 worth $108,000 after buying an additional 501 shares during the period. Proficio Capital Partners LLC increased 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 worth $111,000 after buying an additional 274 shares during the period. SRS Capital Advisors Inc. increased 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 worth $122,000 after buying an additional 686 shares during the period. Finally, Ullmann Financial Group Inc. acquired a new stake in Union Pacific Corporation in the first quarter worth $122,000. 78.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of Union Pacific Corporation (NYSE:UNP) opened at 109.52 on Tuesday. The stock has a market capitalization of $87.66 billion, a P/E ratio of 19.86 and a beta of 0.84. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $116.93. The company has a 50-day moving average price of $111.31 and a 200 day moving average price of $108.53.
Union Pacific Corporation (NYSE:UNP) last posted 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. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. Union Pacific Corporation’s revenue was up 10.1% on a year-over-year basis. Analysts forecast that Union Pacific Corporation will post $5.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.605 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a yield of 2.16%. Union Pacific Corporation’s payout ratio is 43.84%.
UNP has been the topic of several analyst reports. Citigroup Inc. reaffirmed a “buy” rating and issued a $120.00 target price on shares of Union Pacific Corporation in a research report on Monday, July 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $102.00 target price (up from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. Zacks Investment Research raised Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Thursday, July 13th. Deutsche Bank AG lowered Union Pacific Corporation from a “buy” rating to a “hold” rating and lowered their price target for the company from $132.00 to $110.00 in a report on Friday, July 21st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $118.00 price target (up from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Union Pacific Corporation has a consensus rating of “Hold” and an average price target of $113.36.
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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