Neville Rodie & Shaw Inc. lowered its stake in Union Pacific Corporation (NYSE:UNP) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,078 shares of the railroad operator’s stock after selling 1,795 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Union Pacific Corporation were worth $6,543,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Beacon Financial Group increased its holdings in shares of Union Pacific Corporation by 8.0% in the second quarter. Beacon Financial Group now owns 16,804 shares of the railroad operator’s stock valued at $1,813,000 after purchasing an additional 1,239 shares during the period. Trust Co increased its holdings in shares of Union Pacific Corporation by 191.2% in the first quarter. Trust Co now owns 8,948 shares of the railroad operator’s stock valued at $948,000 after purchasing an additional 5,875 shares during the period. American National Bank increased its holdings in shares of Union Pacific Corporation by 24.4% in the second quarter. American National Bank now owns 1,782 shares of the railroad operator’s stock valued at $194,000 after purchasing an additional 350 shares during the period. First PREMIER Bank increased its holdings in shares of Union Pacific Corporation by 0.9% in the second quarter. First PREMIER Bank now owns 29,988 shares of the railroad operator’s stock valued at $3,266,000 after purchasing an additional 267 shares during the period. Finally, Triangle Securities Wealth Management increased its holdings in shares of Union Pacific Corporation by 4.6% in the second quarter. Triangle Securities Wealth Management now owns 2,715 shares of the railroad operator’s stock valued at $296,000 after purchasing an additional 120 shares during the period. 78.56% of the stock is currently owned by institutional investors and hedge funds.
Union Pacific Corporation (NYSE:UNP) traded up 2.29% during mid-day trading on Friday, reaching $113.40. The company’s stock had a trading volume of 8,269,901 shares. The firm’s 50 day moving average price is $105.02 and its 200 day moving average price is $107.33. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $115.15. The firm has a market capitalization of $90.76 billion, a P/E ratio of 20.57 and a beta of 0.81.
Union Pacific Corporation (NYSE:UNP) last issued its quarterly 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 firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $1.17 EPS. On average, analysts anticipate that Union Pacific Corporation will post $5.79 EPS for the current fiscal year.
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 paid a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is currently 43.84%.
In other Union Pacific Corporation 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 transaction of $1,894,190.40. Following the completion of the transaction, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.
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A number of research analysts have recently issued reports on UNP shares. BidaskClub lowered Union Pacific Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “hold” rating and issued 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 reissued an “overweight” rating and issued a $102.00 target price (up previously from $100.00) on shares of Union Pacific Corporation in a report on Monday, July 10th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $113.38.
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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