Cornerstone Financial Partners LLC Has $293,000 Position in Union Pacific Corporation (UNP)
Cornerstone Financial Partners LLC held its stake in Union Pacific Corporation (NYSE:UNP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,688 shares of the railroad operator’s stock at the end of the second quarter. Cornerstone Financial Partners LLC’s holdings in Union Pacific Corporation were worth $293,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in Union Pacific Corporation by 212.5% in the first quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock worth $252,911,000 after buying an additional 1,623,701 shares during the last quarter. American Century Companies Inc. raised its stake in Union Pacific Corporation by 102.4% in the first quarter. American Century Companies Inc. now owns 2,450,688 shares of the railroad operator’s stock worth $259,577,000 after buying an additional 1,239,636 shares during the last quarter. Prudential Financial Inc. raised its stake in Union Pacific Corporation by 82.9% in the first quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock worth $235,547,000 after buying an additional 1,007,720 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Union Pacific Corporation during the first quarter worth $92,495,000. Finally, Swiss National Bank raised its stake in Union Pacific Corporation by 25.9% in the first quarter. Swiss National Bank now owns 2,920,172 shares of the railroad operator’s stock worth $309,305,000 after buying an additional 600,300 shares during the last quarter. 79.94% of the stock is owned by institutional investors and hedge funds.
Union Pacific Corporation (UNP) traded down 0.110% on Tuesday, hitting $104.615. 1,185,842 shares of the stock traded hands. The firm has a market cap of $83.73 billion, a price-to-earnings ratio of 18.973 and a beta of 0.81. The stock has a 50-day moving average of $105.93 and a 200-day moving average of $107.67. 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 announced its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. Analysts forecast that Union Pacific Corporation will post $5.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.
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A number of equities research analysts recently weighed in on UNP shares. Citigroup Inc. reaffirmed a “buy” rating and set a $120.00 price target on shares of Union Pacific Corporation in a report on Monday, July 10th. Zacks Investment Research lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $102.00 price target (up from $100.00) on shares of Union Pacific Corporation in a report on Monday, July 10th. BMO Capital Markets reissued a “buy” rating and set a $123.00 price objective on shares of Union Pacific Corporation in a report on Friday, June 2nd. Finally, Cowen and Company raised their price objective on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $112.10.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $107.60, for a total value of $1,894,190.40. Following the sale, the executive vice president now owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.
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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