Wayne Hummer Investments L.L.C. raised its position in Union Pacific Corporation (NYSE:UNP) by 17.4% during the third quarter, Holdings Channel reports. The firm owned 4,785 shares of the railroad operator’s stock after buying an additional 710 shares during the period. Wayne Hummer Investments L.L.C.’s holdings in Union Pacific Corporation were worth $467,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the company. Quantitative Systematic Strategies LLC acquired a new stake in Union Pacific Corporation during the second quarter worth $270,000. First Citizens Bank & Trust Co. increased its stake in Union Pacific Corporation by 23.1% in the second quarter. First Citizens Bank & Trust Co. now owns 3,095 shares of the railroad operator’s stock worth $270,000 after buying an additional 580 shares during the period. Concert Wealth Management Inc. increased its stake in Union Pacific Corporation by 25.8% in the second quarter. Concert Wealth Management Inc. now owns 14,829 shares of the railroad operator’s stock worth $1,297,000 after buying an additional 3,041 shares during the period. Hedeker Wealth LLC increased its stake in Union Pacific Corporation by 278.9% in the second quarter. Hedeker Wealth LLC now owns 17,675 shares of the railroad operator’s stock worth $1,542,000 after buying an additional 13,010 shares during the period. Finally, Roberts Glore & Co. Inc. IL increased its stake in Union Pacific Corporation by 6.1% in the second quarter. Roberts Glore & Co. Inc. IL now owns 8,520 shares of the railroad operator’s stock worth $743,000 after buying an additional 490 shares during the period. Hedge funds and other institutional investors own 78.58% of the company’s stock.
Shares of Union Pacific Corporation (NYSE:UNP) traded up 0.42% during trading on Friday, reaching $107.87. 2,777,986 shares of the company’s stock traded hands. Union Pacific Corporation has a 1-year low of $76.90 and a 1-year high of $111.38. The stock has a 50-day moving average of $106.04 and a 200-day moving average of $98.49. The company has a market capitalization of $87.78 billion, a price-to-earnings ratio of 21.28 and a beta of 0.71.
Union Pacific Corporation (NYSE:UNP) last announced its 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. Union Pacific Corporation had a net margin of 21.23% and a return on equity of 20.88%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.09 billion. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Union Pacific Corporation’s revenue was down .8% compared to the same quarter last year. On average, equities analysts predict that Union Pacific Corporation will post $5.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Tuesday, February 28th will be paid a dividend of $0.605 per share. The ex-dividend date of this dividend is Friday, February 24th. This represents a $2.42 dividend on an annualized basis and a yield of 2.24%. Union Pacific Corporation’s dividend payout ratio is currently 47.64%.
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UNP has been the topic of a number of research reports. Cowen and Company downgraded shares of Union Pacific Corporation from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $99.00 to $91.00 in a report on Thursday, October 20th. RBC Capital Markets downgraded shares of Union Pacific Corporation from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $107.00 to $98.00 in a report on Friday, October 21st. Royal Bank Of Canada downgraded shares of Union Pacific Corporation from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $107.00 to $98.00 in a report on Friday, October 21st. Zacks Investment Research downgraded shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Friday, October 21st. Finally, Morgan Stanley set a $98.00 target price on shares of Union Pacific Corporation and gave the stock a “buy” rating in a research note on Friday, October 21st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $101.55.
In other news, EVP Eric L. Butler sold 23,198 shares of the business’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $104.94, for a total value of $2,434,398.12. Following the sale, the executive vice president now owns 232,538 shares in the company, valued at approximately $24,402,537.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven R. Rogel sold 7,400 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $100.51, for a total transaction of $743,774.00. Following the completion of the sale, the director now owns 11,400 shares in the company, valued at approximately $1,145,814. The disclosure for this sale can be found here. Insiders have sold 44,838 shares of company stock worth $4,675,505 in the last quarter. Corporate insiders own 0.14% of the company’s stock.
Union Pacific Corporation Company Profile
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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