Investors Buy Shares of Union Pacific Corporation (UNP) on Weakness
Traders bought shares of Union Pacific Corporation (NYSE:UNP) on weakness during trading on Tuesday. $82.30 million flowed into the stock on the tick-up and $45.28 million flowed out of the stock on the tick-down, for a money net flow of $37.02 million into the stock. Of all equities tracked, Union Pacific Corporation had the 11th highest net in-flow for the day. Union Pacific Corporation traded down ($0.36) for the day and closed at $115.43
A number of brokerages have recently commented on UNP. Robert W. Baird reiterated a “hold” rating and set a $116.00 price target on shares of Union Pacific Corporation in a report on Sunday, September 17th. BMO Capital Markets reiterated a “buy” rating and set a $123.00 price target on shares of Union Pacific Corporation in a report on Friday, September 15th. Royal Bank Of Canada restated a “hold” rating and issued a $115.00 target price on shares of Union Pacific Corporation in a research note on Friday, August 25th. Stifel Nicolaus upped their target price on Union Pacific Corporation from $118.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, BidaskClub upgraded Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $113.38.
The company has a market cap of $94.76 billion, a PE ratio of 22.97 and a beta of 0.81. The firm’s 50-day moving average is $105.56 and its 200-day moving average is $107.35.
Union Pacific Corporation (NYSE:UNP) last released 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. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the company posted $1.17 EPS. The business’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts expect that Union Pacific Corporation will post $5.78 EPS for the current fiscal year.
The business also recently declared 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 of this dividend is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.10%. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.
In related news, EVP Cameron A. Scott sold 17,604 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 95,470 shares in the company, valued at approximately $10,272,572. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in UNP. Waldron LP boosted its position in shares of Union Pacific Corporation by 52.7% during the 1st quarter. Waldron LP now owns 3,920 shares of the railroad operator’s stock valued at $406,000 after purchasing an additional 1,353 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in Union Pacific Corporation by 25.3% during the 1st quarter. Independent Portfolio Consultants Inc. now owns 12,845 shares of the railroad operator’s stock worth $1,361,000 after buying an additional 2,595 shares during the period. Sit Investment Associates Inc. raised its stake in Union Pacific Corporation by 14.1% during the 1st quarter. Sit Investment Associates Inc. now owns 292,690 shares of the railroad operator’s stock worth $31,002,000 after buying an additional 36,280 shares during the period. First Citizens Bank & Trust Co. acquired a new position in Union Pacific Corporation during the 1st quarter worth approximately $204,000. Finally, Howard Hughes Medical Institute acquired a new position in Union Pacific Corporation during the 1st quarter worth approximately $365,000. Institutional investors own 78.38% of the company’s stock.
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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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