ETRADE Capital Management LLC raised its stake in shares of Union Pacific Corporation (NYSE:UNP) by 35.7% during the third quarter, Holdings Channel reports. The institutional investor owned 36,425 shares of the railroad operator’s stock after buying an additional 9,590 shares during the period. ETRADE Capital Management LLC’s holdings in Union Pacific Corporation were worth $3,553,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in UNP. Traynor Capital Management Inc. boosted its stake in shares of Union Pacific Corporation by 0.4% in the third quarter. Traynor Capital Management Inc. now owns 2,702 shares of the railroad operator’s stock valued at $262,000 after buying an additional 11 shares during the last quarter. Alpha Windward LLC boosted its position in shares of Union Pacific Corporation by 0.6% in the third quarter. Alpha Windward LLC now owns 2,291 shares of the railroad operator’s stock worth $223,000 after buying an additional 13 shares during the period. IMS Capital Management boosted its position in shares of Union Pacific Corporation by 0.5% in the third quarter. IMS Capital Management now owns 3,097 shares of the railroad operator’s stock worth $302,000 after buying an additional 15 shares during the period. First Financial Bank N.A. Trust Division boosted its position in shares of Union Pacific Corporation by 0.5% in the third quarter. First Financial Bank N.A. Trust Division now owns 3,489 shares of the railroad operator’s stock worth $340,000 after buying an additional 18 shares during the period. Finally, Advisors Management Group Inc. ADV boosted its position in shares of Union Pacific Corporation by 0.6% in the third quarter. Advisors Management Group Inc. ADV now owns 3,280 shares of the railroad operator’s stock worth $320,000 after buying an additional 18 shares during the period. Hedge funds and other institutional investors own 79.43% of the company’s stock.
Union Pacific Corporation (NYSE:UNP) opened at 109.16 on Wednesday. The firm has a 50-day moving average price of $106.22 and a 200-day moving average price of $98.81. Union Pacific Corporation has a one year low of $77.07 and a one year high of $111.38. The firm has a market capitalization of $88.83 billion, a P/E ratio of 21.53 and a beta of 0.71.
Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings results on Thursday, January 19th. The railroad operator reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.06. The company earned $5.20 billion during the quarter, compared to the consensus estimate of $5.09 billion. Union Pacific Corporation had a return on equity of 20.88% and a net margin of 21.23%. Union Pacific Corporation’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 EPS. Equities analysts anticipate that Union Pacific Corporation will post $5.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Friday, February 24th. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 47.64%.
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A number of equities analysts recently commented on UNP shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 price target on shares of Union Pacific Corporation in a research note on Sunday, October 23rd. Deutsche Bank AG started coverage on Union Pacific Corporation in a research report on Wednesday, November 2nd. They set a “buy” rating and a $110.00 target price for the company. Aegis began coverage on Union Pacific Corporation in a research note on Monday, October 24th. They set a “buy” rating and a $105.00 target price on the stock. Barclays PLC upgraded Union Pacific Corporation from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $104.00 to $122.00 in a report on Monday, January 9th. Finally, Cowen and Company lowered Union Pacific Corporation from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $99.00 to $91.00 in a research note on Thursday, October 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Union Pacific Corporation presently has a consensus rating of “Hold” and an average price target of $101.55.
In other news, Director Andrew H. Card, Jr. sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $109.53, for a total transaction of $438,120.00. Following the completion of the sale, the director now owns 22,400 shares in the company, valued at approximately $2,453,472. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven R. Rogel sold 7,400 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $100.51, for a total transaction of $743,774.00. Following the sale, the director now owns 11,400 shares of the company’s stock, valued at approximately $1,145,814. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,838 shares of company stock valued at $4,675,505. 0.14% of the stock is owned by company insiders.
About Union Pacific Corporation
Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.
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