Bank of New York Mellon Corp lowered its position in shares of Union Pacific Corporation (NYSE:UNP) by 9.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,847,811 shares of the railroad operator’s stock after selling 953,101 shares during the period. Bank of New York Mellon Corp owned about 1.09% of Union Pacific Corporation worth $937,160,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Point View Wealth Management Inc. raised its position in Union Pacific Corporation by 1.7% in the first quarter. Point View Wealth Management Inc. now owns 2,804 shares of the railroad operator’s stock worth $297,000 after buying an additional 48 shares during the last quarter. Solaris Asset Management LLC increased its stake in shares of Union Pacific Corporation by 0.5% in the first quarter. Solaris Asset Management LLC now owns 37,193 shares of the railroad operator’s stock worth $3,939,000 after buying an additional 185 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Union Pacific Corporation by 12.8% in the first quarter. Checchi Capital Advisers LLC now owns 7,466 shares of the railroad operator’s stock worth $791,000 after buying an additional 850 shares during the period. HPM Partners LLC acquired a new stake in shares of Union Pacific Corporation during the first quarter worth about $4,022,000. Finally, Girard Partners LTD. increased its stake in shares of Union Pacific Corporation by 5.6% in the first quarter. Girard Partners LTD. now owns 54,681 shares of the railroad operator’s stock worth $5,792,000 after buying an additional 2,914 shares during the period. 79.88% of the stock is owned by institutional investors and hedge funds.
Shares of Union Pacific Corporation (NYSE:UNP) traded up 0.48% on Tuesday, hitting $103.06. The stock had a trading volume of 3,282,402 shares. The company has a market cap of $82.49 billion, a P/E ratio of 18.69 and a beta of 0.81. Union Pacific Corporation has a 12 month low of $87.06 and a 12 month high of $115.15. The company’s 50 day moving average price is $107.61 and its 200-day moving average price is $107.96.
Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The business had revenue of $5.25 billion for 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 company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share. On average, analysts expect that Union Pacific Corporation will post $5.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 2.35%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.
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A number of analysts recently weighed in on UNP shares. Citigroup Inc. restated 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 reiterated an “overweight” rating and issued a $102.00 price objective (up previously from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. Zacks Investment Research downgraded Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Finally, Cowen and Company boosted their price objective on Union Pacific Corporation from $109.00 to $117.00 and gave the company a “market perform” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $112.20.
In related news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the transaction, the executive vice president now owns 95,470 shares of the company’s stock, valued at $10,272,572. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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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