Union Pacific Corp. (UNP) Stake Lowered by Flossbach Von Storch AG
Flossbach Von Storch AG reduced its position in Union Pacific Corp. (NYSE:UNP) by 10.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 487,558 shares of the railroad operator’s stock after selling 58,592 shares during the period. Union Pacific Corp. comprises about 0.7% of Flossbach Von Storch AG’s holdings, making the stock its 24th largest position. Flossbach Von Storch AG owned 0.06% of Union Pacific Corp. worth $42,539,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Community Bank N.A. raised its position in Union Pacific Corp. by 41.9% in the second quarter. Community Bank N.A. now owns 1,422 shares of the railroad operator’s stock worth $124,000 after buying an additional 420 shares during the last quarter. Arcadia Investment Management Corp MI raised its position in Union Pacific Corp. by 164.4% in the second quarter. Arcadia Investment Management Corp MI now owns 1,507 shares of the railroad operator’s stock worth $131,000 after buying an additional 937 shares during the last quarter. Gilman Hill Asset Management LLC acquired a new position in Union Pacific Corp. during the second quarter worth approximately $200,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in Union Pacific Corp. during the second quarter worth approximately $201,000. Finally, Pioneer Trust Bank N A OR acquired a new position in Union Pacific Corp. during the second quarter worth approximately $210,000. Institutional investors and hedge funds own 78.14% of the company’s stock.
Union Pacific Corp. (NYSE:UNP) traded down 0.73% during mid-day trading on Monday, hitting $97.35. 3,041,851 shares of the company were exchanged. The company’s 50-day moving average is $95.28 and its 200 day moving average is $88.93. Union Pacific Corp. has a 12-month low of $67.06 and a 12-month high of $98.84. The company has a market capitalization of $81.08 billion, a P/E ratio of 18.95 and a beta of 0.84.
Union Pacific Corp. (NYSE:UNP) last issued its earnings results on Thursday, July 21st. The railroad operator reported $1.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.17. Union Pacific Corp. had a net margin of 21.48% and a return on equity of 21.29%. The firm had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the business posted $1.38 earnings per share. The company’s quarterly revenue was down 12.1% on a year-over-year basis. Analysts expect that Union Pacific Corp. will post $5.04 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were given a $0.55 dividend. The ex-dividend date was Monday, August 29th. This represents a $2.20 dividend on an annualized basis and a yield of 2.26%. Union Pacific Corp.’s dividend payout ratio is currently 42.80%.
A number of equities analysts have recently commented on the company. Vetr upgraded Union Pacific Corp. from a “sell” rating to a “hold” rating and set a $91.25 price objective on the stock in a research note on Monday, September 12th. Oppenheimer Holdings Inc. began coverage on Union Pacific Corp. in a research note on Wednesday, June 15th. They set a “market perform” rating on the stock. Howard Weil lowered Union Pacific Corp. to a “sector perform” rating in a research note on Tuesday, June 21st. Credit Suisse Group AG restated a “buy” rating and set a $106.00 price target on shares of Union Pacific Corp. in a research note on Tuesday, September 13th. Finally, Zacks Investment Research upgraded Union Pacific Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Union Pacific Corp. has a consensus rating of “Hold” and an average target price of $96.12.
In other news, EVP Robert M. Knight, Jr. sold 5,000 shares of Union Pacific Corp. 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 transaction, the executive vice president now owns 150,660 shares in the company, valued at $14,614,020. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of Union Pacific Corp. stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $95.24, for a total transaction of $952,400.00. Following the transaction, the executive vice president now owns 150,660 shares in the company, valued at approximately $14,348,858.40. 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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