Nexus Investment Management ULC lowered its stake in Union Pacific Co. (NYSE:UNP – Free Report) by 2.9% in the second quarter, HoldingsChannel.com reports. The firm owned 9,960 shares of the railroad operator’s stock after selling 300 shares during the quarter. Nexus Investment Management ULC’s holdings in Union Pacific were worth $2,038,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of UNP. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Union Pacific during the fourth quarter valued at $25,000. NewSquare Capital LLC lifted its position in Union Pacific by 116.7% during the 1st quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $26,000 after purchasing an additional 70 shares during the period. Tucker Asset Management LLC bought a new position in shares of Union Pacific in the 1st quarter valued at about $26,000. Miller Wealth Advisors LLC grew its position in shares of Union Pacific by 108.3% during the 1st quarter. Miller Wealth Advisors LLC now owns 125 shares of the railroad operator’s stock worth $30,000 after buying an additional 65 shares during the period. Finally, Centerpoint Advisors LLC raised its stake in shares of Union Pacific by 86.7% during the first quarter. Centerpoint Advisors LLC now owns 155 shares of the railroad operator’s stock worth $31,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 77.36% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on UNP shares. Morgan Stanley reduced their price objective on shares of Union Pacific from $171.00 to $168.00 in a research note on Thursday, July 6th. Credit Suisse Group increased their target price on Union Pacific from $235.00 to $262.00 in a research note on Thursday, July 27th. Royal Bank of Canada upgraded Union Pacific from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $193.00 to $282.00 in a research report on Wednesday, July 26th. Stifel Nicolaus increased their price target on shares of Union Pacific from $216.00 to $223.00 in a research report on Monday, July 17th. Finally, Barclays boosted their price objective on shares of Union Pacific from $230.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, July 27th. Twelve equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $233.97.
Union Pacific Stock Down 0.8 %
UNP stock traded down $1.83 during midday trading on Friday, hitting $213.87. The company’s stock had a trading volume of 649,021 shares, compared to its average volume of 2,933,358. The company’s fifty day moving average price is $220.41 and its 200 day moving average price is $206.38. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.71 and a quick ratio of 0.57. Union Pacific Co. has a twelve month low of $183.69 and a twelve month high of $240.48. The stock has a market capitalization of $130.35 billion, a P/E ratio of 19.68, a PEG ratio of 2.02 and a beta of 1.11.
Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $2.57 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.18). Union Pacific had a net margin of 27.18% and a return on equity of 55.03%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the previous year, the business earned $2.93 EPS. Union Pacific’s revenue was down 4.9% on a year-over-year basis. As a group, equities research analysts predict that Union Pacific Co. will post 10.5 EPS for the current year.
Union Pacific Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Wednesday, August 30th. Union Pacific’s dividend payout ratio is currently 47.45%.
In other Union Pacific news, EVP Kenyatta G. Rocker sold 8,700 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the sale, the executive vice president now directly owns 42,061 shares of the company’s stock, valued at $9,355,628.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Union Pacific news, EVP Kenyatta G. Rocker sold 8,700 shares of Union Pacific stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the completion of the transaction, the executive vice president now directly owns 42,061 shares of the company’s stock, valued at $9,355,628.23. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jennifer L. Hamann sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $222.83, for a total transaction of $222,830.00. Following the completion of the transaction, the chief financial officer now owns 99,378 shares in the company, valued at $22,144,399.74. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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