Traders Buy Shares of Union Pacific Corp. (UNP) on Weakness Following Insider Selling
Investors purchased shares of Union Pacific Corp. (NYSE:UNP) on weakness during trading on Tuesday following insider selling activity. $81.74 million flowed into the stock on the tick-up and $57.30 million flowed out of the stock on the tick-down, for a money net flow of $24.44 million into the stock. Of all companies tracked, Union Pacific Corp. had the 21st highest net in-flow for the day. Union Pacific Corp. traded down ($0.26) for the day and closed at $100.49Specifically, EVP Cameron A. Scott sold 6,484 shares of the stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $98.44, for a total transaction of $638,284.96. Following the transaction, the executive vice president now owns 71,320 shares of the company’s stock, valued at approximately $7,020,740.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven R. Rogel sold 7,400 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $100.51, for a total transaction of $743,774.00. Following the transaction, the director now directly owns 11,400 shares in the company, valued at approximately $1,145,814. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
UNP has been the topic of a number of research analyst reports. Vetr cut shares of Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $90.44 price objective on the stock. in a research report on Wednesday, August 17th. Loop Capital reissued a “hold” rating and set a $96.00 price objective on shares of Union Pacific Corp. in a research report on Sunday, October 23rd. Zacks Investment Research cut shares of Union Pacific Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Seaport Global Securities started coverage on shares of Union Pacific Corp. in a report on Monday, October 24th. They issued a “buy” rating and a $100.00 target price on the stock. Finally, Atlantic Securities started coverage on shares of Union Pacific Corp. in a report on Thursday, August 11th. They issued an “overweight” rating and a $114.00 target price on the stock. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $96.38.
The company has a market cap of $83.56 billion, a PE ratio of 20.32 and a beta of 0.66. The firm’s 50 day moving average is $94.61 and its 200-day moving average is $91.61.
Union Pacific Corp. (NYSE:UNP) last released its quarterly earnings data on Thursday, October 20th. The railroad operator reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.39 by $0.03. Union Pacific Corp. had a net margin of 21.05% and a return on equity of 20.55%. The company had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the previous year, the firm earned $1.50 earnings per share. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities analysts expect that Union Pacific Corp. will post $5.00 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Wednesday, November 30th will be issued a dividend of $0.605 per share. This is a boost from Union Pacific Corp.’s previous quarterly dividend of $0.55. This represents a $2.42 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Monday, November 28th. Union Pacific Corp.’s dividend payout ratio is currently 44.00%.
A number of hedge funds have recently made changes to their positions in UNP. Squarepoint Ops LLC boosted its stake in shares of Union Pacific Corp. by 374.6% in the first quarter. Squarepoint Ops LLC now owns 32,803 shares of the railroad operator’s stock worth $2,609,000 after buying an additional 25,891 shares in the last quarter. Euclid Advisors LLC acquired a new stake in shares of Union Pacific Corp. during the first quarter worth approximately $3,256,000. Cullinan Associates Inc. boosted its stake in shares of Union Pacific Corp. by 32.8% in the first quarter. Cullinan Associates Inc. now owns 53,890 shares of the railroad operator’s stock worth $4,287,000 after buying an additional 13,300 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Union Pacific Corp. during the first quarter worth approximately $4,121,000. Finally, SevenBridge Financial Group LLC acquired a new stake in shares of Union Pacific Corp. during the first quarter worth approximately $472,000. 77.94% of the stock is owned by institutional investors and hedge funds.
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About Union Pacific Corp.
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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