Union Pacific Corporation (UNP) Shares Sold by Xact Kapitalforvaltning AB
Xact Kapitalforvaltning AB lessened its stake in shares of Union Pacific Corporation (NYSE:UNP) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,314 shares of the railroad operator’s stock after selling 1,424 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Union Pacific Corporation were worth $14,410,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of UNP. AQR Capital Management LLC grew its position 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. grew 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 during the last quarter. Prudential Financial Inc. grew its position 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 acquired a new position in Union Pacific Corporation in the first quarter worth approximately $92,495,000. Finally, Swiss National Bank grew 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 during the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.
Union Pacific Corporation (UNP) traded up 2.29% on Friday, hitting $113.40. 8,269,901 shares of the stock traded hands. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $115.15. The stock has a market cap of $90.76 billion, a price-to-earnings ratio of 20.57 and a beta of 0.81. The firm’s 50 day moving average is $105.02 and its 200 day moving average is $107.33.
Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 earnings per share. Equities analysts anticipate that Union Pacific Corporation will post $5.79 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a $0.605 dividend. This represents a $2.42 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is presently 43.84%.
Several research analysts have issued reports on the stock. BMO Capital Markets restated a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a research report on Friday. Royal Bank Of Canada restated a “hold” rating and issued a $115.00 price target on shares of Union Pacific Corporation in a research report on Friday, August 25th. Stifel Nicolaus lifted their price target on shares of Union Pacific Corporation from $118.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. BidaskClub raised shares of Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 18th. Finally, Wolfe Research lowered shares of Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $113.22.
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 value of $1,894,190.40. Following the transaction, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at $10,272,572. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.
Union Pacific Corporation 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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