IMS Capital Management Sells 66 Shares of Union Pacific Corporation (UNP)
IMS Capital Management lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 2.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 3,087 shares of the railroad operator’s stock after selling 66 shares during the period. IMS Capital Management’s holdings in Union Pacific Corporation were worth $327,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Dodge & Cox purchased a new stake in shares of Union Pacific Corporation during the fourth quarter valued at about $1,452,729,000. Norges Bank purchased a new stake in shares of Union Pacific Corporation during the fourth quarter valued at about $841,976,000. First Eagle Investment Management LLC raised its stake in shares of Union Pacific Corporation by 2.8% in the first quarter. First Eagle Investment Management LLC now owns 5,956,119 shares of the railroad operator’s stock valued at $630,872,000 after buying an additional 163,532 shares in the last quarter. Putnam Investments LLC raised its stake in shares of Union Pacific Corporation by 2.6% in the fourth quarter. Putnam Investments LLC now owns 4,481,419 shares of the railroad operator’s stock valued at $464,633,000 after buying an additional 112,418 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of 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 valued at $309,305,000 after buying an additional 600,300 shares in the last quarter. Institutional investors own 79.94% of the company’s stock.
Union Pacific Corporation (NYSE:UNP) traded up 0.70% during trading on Friday, reaching $103.90. The company had a trading volume of 3,243,552 shares. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $115.15. The firm has a market capitalization of $83.16 billion, a price-to-earnings ratio of 18.84 and a beta of 0.81. The company’s 50-day moving average is $105.52 and its 200 day moving average is $107.56.
Union Pacific Corporation (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter last year, the business earned $1.17 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts anticipate that Union Pacific Corporation will post $5.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio is 43.84%.
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A number of brokerages recently commented on UNP. Stifel Nicolaus increased their price objective on Union Pacific Corporation from $118.00 to $120.00 and gave the stock a “hold” rating in a report on Friday. BidaskClub upgraded Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a report on Friday. BMO Capital Markets restated a “buy” rating and set a $123.00 price target on shares of Union Pacific Corporation in a report on Friday, August 11th. Wolfe Research downgraded Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. Finally, Zacks Investment Research downgraded Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $112.21.
In related news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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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