Cadinha & Co. LLC Holds Stake in Union Pacific Corporation (UNP)
Cadinha & Co. LLC continued to hold its position in shares of Union Pacific Corporation (NYSE:UNP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,500 shares of the railroad operator’s stock at the end of the first quarter. Cadinha & Co. LLC’s holdings in Union Pacific Corporation were worth $1,748,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its position 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 in the last quarter. Swiss National Bank raised its position 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 in the last quarter. Ameriprise Financial Inc. raised its position in Union Pacific Corporation by 21.6% in the first quarter. Ameriprise Financial Inc. now owns 2,996,965 shares of the railroad operator’s stock worth $317,475,000 after buying an additional 531,917 shares in the last quarter. British Airways Pensions Investment Management Ltd bought a new position in Union Pacific Corporation during the first quarter worth $45,769,000. Finally, Karp Capital Management Corp bought a new position in Union Pacific Corporation during the first quarter worth $43,185,000. Institutional investors and hedge funds own 78.55% of the company’s stock.
Union Pacific Corporation (NYSE UNP) traded up 0.433% during midday trading on Tuesday, reaching $104.395. The company had a trading volume of 368,513 shares. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $115.15. The firm has a 50-day moving average price of $105.10 and a 200-day moving average price of $107.48. The company has a market capitalization of $83.56 billion, a price-to-earnings ratio of 18.933 and a beta of 0.81.
Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 earnings per share. Analysts expect that Union Pacific Corporation will post $5.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a $0.605 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.31%. Union Pacific Corporation’s dividend payout ratio (DPR) is currently 43.84%.
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A number of analysts recently commented on UNP shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $118.00 price target (up from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. BidaskClub raised Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 18th. Citigroup Inc. reaffirmed a “buy” rating and set a $120.00 price target on shares of Union Pacific Corporation in a research report on Monday, July 10th. Zacks Investment Research downgraded Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Wolfe Research downgraded Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $113.22.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the company’s stock in a transaction dated 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 in the company, valued at $10,272,572. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate 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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