Beese Fulmer Investment Management Inc. grew its stake in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 0.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 41,837 shares of the railroad operator’s stock after acquiring an additional 130 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Union Pacific were worth $8,561,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of UNP. MAS Advisors LLC bought a new stake in shares of Union Pacific during the 1st quarter valued at $233,000. Roundview Capital LLC lifted its position in shares of Union Pacific by 3.8% during the 1st quarter. Roundview Capital LLC now owns 16,608 shares of the railroad operator’s stock valued at $4,537,000 after acquiring an additional 614 shares during the period. Dakota Wealth Management bought a new stake in shares of Union Pacific during the 1st quarter valued at $569,000. Candriam Luxembourg S.C.A. lifted its position in shares of Union Pacific by 3.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 47,144 shares of the railroad operator’s stock valued at $12,880,000 after acquiring an additional 1,664 shares during the period. Finally, Mather Group LLC. lifted its position in shares of Union Pacific by 10.1% during the 1st quarter. Mather Group LLC. now owns 1,745 shares of the railroad operator’s stock worth $477,000 after buying an additional 160 shares during the last quarter. 77.36% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total value of $222,830.00. Following the transaction, the chief financial officer now owns 99,378 shares in the company, valued at $22,144,399.74. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Kenyatta G. Rocker sold 8,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total value of $1,935,141.00. Following the transaction, the executive vice president now owns 42,061 shares in the company, valued at $9,355,628.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jennifer L. Hamann sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $222.83, for a total value of $222,830.00. Following the completion of the transaction, the chief financial officer now owns 99,378 shares in the company, valued at approximately $22,144,399.74. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
Union Pacific Stock Down 1.1 %
Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.18). The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 55.03% and a net margin of 27.18%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.93 EPS. On average, equities research analysts expect that Union Pacific Co. will post 10.5 EPS for the current fiscal year.
Union Pacific Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a $1.30 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $5.20 annualized dividend and a yield of 2.44%. Union Pacific’s payout ratio is currently 47.45%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on UNP. Stephens upped their price objective on Union Pacific from $232.00 to $257.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. Benchmark upped their price objective on Union Pacific from $230.00 to $264.00 in a research report on Thursday, July 27th. StockNews.com began coverage on Union Pacific in a research report on Thursday, August 17th. They set a “hold” rating for the company. Citigroup upped their price objective on Union Pacific from $235.00 to $270.00 in a research report on Thursday, July 27th. Finally, Atlantic Securities downgraded Union Pacific from an “overweight” rating to a “neutral” rating and set a $244.00 price objective for the company. in a research report on Thursday, July 27th. Twelve equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.97.
Union Pacific Profile
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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