FineMark National Bank & Trust Purchases 504 Shares of Union Pacific Corporation (UNP)
FineMark National Bank & Trust boosted its position in Union Pacific Corporation (NYSE:UNP) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,183 shares of the railroad operator’s stock after purchasing an additional 504 shares during the quarter. FineMark National Bank & Trust’s holdings in Union Pacific Corporation were worth $2,961,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. AQR Capital Management LLC boosted its stake in Union Pacific Corporation by 212.5% in the 1st quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock valued at $252,911,000 after purchasing an additional 1,623,701 shares during the period. American Century Companies Inc. boosted its stake in Union Pacific Corporation by 102.4% in the 1st quarter. American Century Companies Inc. now owns 2,450,688 shares of the railroad operator’s stock valued at $259,577,000 after purchasing an additional 1,239,636 shares during the period. Prudential Financial Inc. boosted its stake in Union Pacific Corporation by 82.9% in the 1st quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock valued at $235,547,000 after purchasing an additional 1,007,720 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in Union Pacific Corporation in the 1st quarter valued at $92,495,000. Finally, Swiss National Bank boosted its stake in Union Pacific Corporation by 25.9% in the 1st quarter. Swiss National Bank now owns 2,920,172 shares of the railroad operator’s stock valued at $309,305,000 after purchasing an additional 600,300 shares during the period. Institutional investors and hedge funds own 78.56% of the company’s stock.
In related news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation stock in a transaction on 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 sale, the executive vice president now owns 95,470 shares of the company’s stock, valued at $10,272,572. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by company insiders.
Union Pacific Corporation (NYSE:UNP) opened at 108.48 on Wednesday. The firm has a market cap of $86.83 billion, a PE ratio of 19.67 and a beta of 0.81. The stock’s 50 day moving average price is $104.25 and its 200-day moving average price is $107.24. 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 posted its quarterly earnings data 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 company had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $1.17 earnings per share. Equities research analysts anticipate that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.
The firm 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 dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio is 43.84%.
UNP has been the subject of several recent research reports. Zacks Investment Research upgraded Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research note on Thursday, July 13th. BMO Capital Markets restated a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Credit Suisse Group boosted their price target on Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, May 26th. Citigroup Inc. restated a “buy” rating and issued a $120.00 price target on shares of Union Pacific Corporation in a research note on Monday, July 10th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $116.00 price target on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $113.22.
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About Union Pacific Corporation
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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