Sheaff Brock Investment Advisors LLC Has $1.23 Million Position in Union Pacific Corporation (UNP)
Sheaff Brock Investment Advisors LLC boosted its stake in Union Pacific Corporation (NYSE:UNP) by 106.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,589 shares of the railroad operator’s stock after buying an additional 5,971 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Union Pacific Corporation were worth $1,227,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bluestein R H & Co. acquired a new position in shares of Union Pacific Corporation during the fourth quarter worth about $35,338,000. Pacad Investment Ltd. acquired a new position in shares of Union Pacific Corporation during the fourth quarter worth about $1,752,000. Northwest Quadrant Wealth Management LLC acquired a new position in shares of Union Pacific Corporation during the fourth quarter worth about $135,000. Edge Asset Management Inc. increased its position in shares of Union Pacific Corporation by 2.9% in the fourth quarter. Edge Asset Management Inc. now owns 1,073,612 shares of the railroad operator’s stock worth $111,312,000 after buying an additional 30,061 shares in the last quarter. Finally, Exchange Capital Management Inc. increased its position in Union Pacific Corporation by 35.0% in the fourth quarter. Exchange Capital Management Inc. now owns 6,070 shares of the railroad operator’s stock worth $629,000 after buying an additional 1,574 shares during the period. Hedge funds and other institutional investors own 79.97% of the company’s stock.
Shares of Union Pacific Corporation (NYSE UNP) traded up 0.21% during mid-day trading on Thursday, reaching $102.55. 4,749,350 shares of the company’s stock traded hands. The stock has a market capitalization of $82.08 billion, a PE ratio of 19.10 and a beta of 0.81. The company’s 50-day moving average price is $107.61 and its 200-day moving average price is $107.96. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.15.
Union Pacific Corporation (NYSE:UNP) last issued its earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Analysts anticipate that Union Pacific Corporation will post $5.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is 43.84%.
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A number of research analysts have weighed in on UNP shares. BMO Capital Markets reiterated a “buy” rating and set a $115.00 target price on shares of Union Pacific Corporation in a report on Friday, April 7th. Cowen and Company upped their target price on Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a report on Friday, April 28th. Credit Suisse Group upped their target price on Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, May 26th. Zacks Investment Research raised Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Tuesday, May 30th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $116.00 price target on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $112.20.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the completion of the transaction, the executive vice president now owns 95,470 shares of the company’s stock, valued at $10,272,572. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.
Union Pacific Corporation Company Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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