Union Pacific Corporation (UNP) Shares Bought by Delta Asset Management LLC TN
Delta Asset Management LLC TN boosted its stake in Union Pacific Corporation (NYSE:UNP) by 6.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,183 shares of the railroad operator’s stock after buying an additional 75 shares during the period. Delta Asset Management LLC TN’s holdings in Union Pacific Corporation were worth $129,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advantage Investment Management LLC raised its position in Union Pacific Corporation by 263.7% in the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock worth $101,000 after buying an additional 691 shares during the period. Mark Sheptoff Financial Planning LLC raised its position in Union Pacific Corporation by 96.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock worth $108,000 after buying an additional 501 shares during the period. Proficio Capital Partners LLC raised its position in Union Pacific Corporation by 36.3% in the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock worth $111,000 after buying an additional 274 shares during the period. SRS Capital Advisors Inc. raised its position in Union Pacific Corporation by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock worth $122,000 after buying an additional 686 shares during the period. Finally, Ullmann Financial Group Inc. bought a new position in Union Pacific Corporation during the first quarter worth about $122,000. Institutional investors and hedge funds own 79.94% of the company’s stock.
Union Pacific Corporation (UNP) traded up 1.48% during mid-day trading on Tuesday, hitting $105.85. The stock had a trading volume of 1,117,433 shares. The company has a 50 day moving average price of $105.39 and a 200 day moving average price of $107.55. The stock has a market cap of $84.72 billion, a P/E ratio of 19.20 and a beta of 0.81. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15.
Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the 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 analysts’ expectations of $5.19 billion. During the same quarter last year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts anticipate that Union Pacific Corporation will post $5.79 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.605 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 annualized dividend and a dividend yield of 2.32%. Union Pacific Corporation’s payout ratio is 43.84%.
A number of research analysts recently issued reports on the company. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a report on Friday, August 11th. BidaskClub upgraded Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a report on Friday. Wolfe Research lowered Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. Stifel Nicolaus lifted their target price on Union Pacific Corporation from $118.00 to $120.00 and gave the company a “hold” rating in a report on Friday. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $116.00 target price on shares of Union Pacific Corporation in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $113.28.
In other news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following 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 filing with the Securities & Exchange Commission, which is accessible through 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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