Union Pacific Corp. (UNP) Stake Raised by Schaper Benz & Wise Investment Counsel Inc. WI
Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in Union Pacific Corp. (NYSE:UNP) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,780 shares of the railroad operator’s stock after buying an additional 800 shares during the period. Union Pacific Corp. makes up approximately 1.7% of Schaper Benz & Wise Investment Counsel Inc. WI’s investment portfolio, making the stock its 23rd largest position. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Union Pacific Corp. were worth $9,439,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. West Oak Capital LLC raised its stake in Union Pacific Corp. by 6.2% in the third quarter. West Oak Capital LLC now owns 1,094 shares of the railroad operator’s stock worth $107,000 after buying an additional 64 shares during the period. Lenox Wealth Advisors Inc. increased its position in Union Pacific Corp. by 4.9% in the third quarter. Lenox Wealth Advisors Inc. now owns 1,167 shares of the railroad operator’s stock worth $114,000 after buying an additional 55 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Union Pacific Corp. during the second quarter worth approximately $108,000. Cornerstone Advisors Inc. increased its position in Union Pacific Corp. by 379.6% in the third quarter. Cornerstone Advisors Inc. now owns 1,247 shares of the railroad operator’s stock worth $122,000 after buying an additional 987 shares during the period. Finally, Tradewinds Capital Management LLC increased its position in Union Pacific Corp. by 22.4% in the second quarter. Tradewinds Capital Management LLC now owns 1,364 shares of the railroad operator’s stock worth $119,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 77.59% of the company’s stock.
Union Pacific Corp. (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 20th. The railroad operator reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by $0.03. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $5.14 billion. Union Pacific Corp. had a return on equity of 20.55% and a net margin of 21.05%. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the company earned $1.50 EPS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Wednesday, November 30th will be given a dividend of $0.605 per share. This is an increase from Union Pacific Corp.’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, November 28th. This represents a $2.42 annualized dividend and a yield of 2.40%. Union Pacific Corp.’s dividend payout ratio is 44.00%.
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UNP has been the subject of a number of recent research reports. Vetr cut shares of Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $91.00 price target for the company. in a research note on Monday, August 8th. Atlantic Securities assumed coverage on shares of Union Pacific Corp. in a report on Thursday, August 11th. They set an “overweight” rating and a $114.00 target price for the company. Loop Capital restated a “hold” rating and set a $93.00 target price on shares of Union Pacific Corp. in a report on Saturday, August 13th. Morgan Stanley set a $100.00 target price on shares of Union Pacific Corp. and gave the company a “buy” rating in a report on Thursday, August 18th. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $94.00 target price on shares of Union Pacific Corp. in a report on Sunday, August 21st. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Union Pacific Corp. presently has a consensus rating of “Hold” and an average price target of $96.38.
In other Union Pacific Corp. news, EVP Robert M. Knight, Jr. sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $95.24, for a total transaction of $952,400.00. Following the completion of the sale, the executive vice president now directly owns 150,660 shares of the company’s stock, valued at approximately $14,348,858.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $97.00, for a total value of $485,000.00. Following the sale, the executive vice president now directly owns 150,660 shares of the company’s stock, valued at $14,614,020. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
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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