Union Pacific Corp. (UNP) Shares Sold by Retirement Systems of Alabama
Retirement Systems of Alabama lowered its position in shares of Union Pacific Corp. (NYSE:UNP) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 728,778 shares of the railroad operator’s stock after selling 4,338 shares during the period. Retirement Systems of Alabama owned 0.09% of Union Pacific Corp. worth $63,586,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arvest Bank Trust Division raised its position in Union Pacific Corp. by 2.8% in the first quarter. Arvest Bank Trust Division now owns 258,668 shares of the railroad operator’s stock worth $20,577,000 after buying an additional 7,093 shares in the last quarter. Sanders Morris Harris Inc. acquired a new position in Union Pacific Corp. during the first quarter valued at about $1,752,000. Investment Centers of America Inc. raised its position in Union Pacific Corp. by 36.1% in the first quarter. Investment Centers of America Inc. now owns 12,445 shares of the railroad operator’s stock valued at $994,000 after buying an additional 3,299 shares during the period. Glenmede Trust Co. NA raised its position in Union Pacific Corp. by 5.9% in the first quarter. Glenmede Trust Co. NA now owns 277,058 shares of the railroad operator’s stock valued at $22,039,000 after buying an additional 15,473 shares during the period. Finally, Hills Bank & Trust Co. raised its position in Union Pacific Corp. by 3.4% in the first quarter. Hills Bank & Trust Co. now owns 5,895 shares of the railroad operator’s stock valued at $469,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 78.14% of the company’s stock.
Union Pacific Corp. (NYSE:UNP) traded down 0.18% during mid-day trading on Monday, reaching $97.35. 2,378,679 shares of the company were exchanged. The stock has a market capitalization of $81.08 billion, a price-to-earnings ratio of 18.95 and a beta of 0.84. The company’s 50 day moving average price is $94.83 and its 200-day moving average price is $88.60. Union Pacific Corp. has a 12-month low of $67.06 and a 12-month high of $98.28.
Union Pacific Corp. (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 21st. The railroad operator reported $1.17 EPS for the quarter, meeting analysts’ consensus estimates of $1.17. The firm earned $4.77 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Union Pacific Corp. had a net margin of 21.48% and a return on equity of 21.29%. The company’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.38 earnings per share. On average, equities research analysts forecast that Union Pacific Corp. will post $5.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Monday, August 29th. Union Pacific Corp.’s dividend payout ratio is currently 42.80%.
Several research analysts have issued reports on UNP shares. Credit Suisse Group AG restated a “buy” rating and issued a $106.00 price target on shares of Union Pacific Corp. in a research report on Tuesday, September 13th. Zacks Investment Research upgraded shares of Union Pacific Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. Vetr lowered shares of Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $89.88 price target on the stock. in a research report on Wednesday, September 21st. Barclays PLC lifted their price target on shares of Union Pacific Corp. from $91.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, September 12th. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $94.00 price target on shares of Union Pacific Corp. in a research report on Sunday, August 21st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $95.56.
In other Union Pacific Corp. news, EVP Robert M. Knight, Jr. sold 10,000 shares of the stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $95.24, for a total value of $952,400.00. Following the completion of the sale, the executive vice president now owns 150,660 shares in the company, valued at $14,348,858.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $97.00, for a total transaction of $485,000.00. Following the completion of the sale, the executive vice president now owns 150,660 shares of the company’s stock, valued at approximately $14,614,020. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.
Union Pacific Corp. 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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