Union Pacific Corp. (UNP) Stake Raised by First Trust Advisors LP
First Trust Advisors LP raised its position in Union Pacific Corp. (NYSE:UNP) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,528 shares of the railroad operator’s stock after buying an additional 2,020 shares during the period. First Trust Advisors LP’s holdings in Union Pacific Corp. were worth $29,603,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dodge & Cox increased its stake in Union Pacific Corp. by 24.0% in the second quarter. Dodge & Cox now owns 15,188,949 shares of the railroad operator’s stock worth $1,325,236,000 after buying an additional 2,936,275 shares during the period. Bank of Montreal Can bought a new position in shares of Union Pacific Corp. during the second quarter worth approximately $141,246,000. Third Point LLC bought a new position in shares of Union Pacific Corp. during the second quarter worth approximately $117,788,000. Emerald Acquisition Ltd. bought a new position in shares of Union Pacific Corp. during the second quarter worth approximately $116,499,000. Finally, Alliancebernstein L.P. increased its position in shares of Union Pacific Corp. by 48.1% in the second quarter. Alliancebernstein L.P. now owns 3,785,810 shares of the railroad operator’s stock worth $330,312,000 after buying an additional 1,229,301 shares during the last quarter. Institutional investors own 77.59% of the company’s stock.
Union Pacific Corp. (NYSE:UNP) traded down 0.631% on Monday, reaching $100.855. 2,004,943 shares of the company’s stock were exchanged. Union Pacific Corp. has a 52 week low of $67.06 and a 52 week high of $102.16. The stock’s 50 day moving average is $94.60 and its 200 day moving average is $91.74.
Union Pacific Corp. (NYSE:UNP) last released its quarterly earnings results on Thursday, October 20th. The railroad operator reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by $0.03. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $5.14 billion. Union Pacific Corp. had a return on equity of 20.55% and a net margin of 21.05%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 earnings per share. Analysts forecast that Union Pacific Corp. will post $5.00 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders 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 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, November 28th. Union Pacific Corp.’s payout ratio is 44.00%.
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A number of analysts have issued reports on the stock. Vetr cut shares of Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $91.00 target price for the company. in a research note on Monday, August 8th. RBC Capital Markets cut shares of Union Pacific Corp. from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $107.00 to $98.00 in a research note on Friday, October 21st. Aegis assumed coverage on shares of Union Pacific Corp. in a research note on Monday, October 24th. They issued a “buy” rating and a $105.00 target price for the company. Deutsche Bank AG reiterated a “top pick” rating and issued a $110.00 target price on shares of Union Pacific Corp. in a research note on Monday, November 14th. Finally, Zacks Investment Research cut shares of Union Pacific Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Three equities 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 issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $96.38.
In related news, EVP Diane K. Duren sold 2,840 shares of Union Pacific Corp. stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $98.98, for a total value of $281,103.20. Following the transaction, the executive vice president now directly owns 128,701 shares of the company’s stock, valued at $12,738,824.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Steven R. Rogel sold 7,400 shares of Union Pacific Corp. stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $100.51, for a total value of $743,774.00. Following the completion of the transaction, the director now directly owns 11,400 shares in the company, valued at $1,145,814. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
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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