OLD National Bancorp IN Reduces Holdings in Union Pacific Corporation (UNP)
OLD National Bancorp IN reduced its position in Union Pacific Corporation (NYSE:UNP) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,599 shares of the railroad operator’s stock after selling 290 shares during the period. OLD National Bancorp IN’s holdings in Union Pacific Corporation were worth $4,204,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of Union Pacific Corporation by 212.5% during the 1st quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock worth $252,911,000 after purchasing an additional 1,623,701 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Union Pacific Corporation by 102.4% during 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 buying an additional 1,239,636 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Union Pacific Corporation by 82.9% during the 1st quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock valued at $235,547,000 after buying an additional 1,007,720 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Union Pacific Corporation during the 1st quarter valued at about $92,495,000. Finally, Swiss National Bank grew its stake in shares of 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 buying an additional 600,300 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.
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In other news, EVP Cameron A. Scott sold 17,604 shares of the firm’s 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 completion of the sale, the executive vice president now owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.
Several equities analysts recently weighed in on UNP shares. BidaskClub raised shares of Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 18th. Stifel Nicolaus reissued a “hold” rating and issued a $118.00 target price (up from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. Morgan Stanley downgraded shares of Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $102.00 to $100.00 in a research report on Monday. Zacks Investment Research lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Citigroup Inc. restated a “buy” rating and set a $120.00 price target on shares of Union Pacific Corporation in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $113.26.
Shares of Union Pacific Corporation (UNP) traded down 1.1500% during mid-day trading on Monday, reaching $114.6364. 1,403,457 shares of the company’s stock were exchanged. The stock has a market cap of $91.75 billion, a price-to-earnings ratio of 20.7901 and a beta of 0.84. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $116.93. The stock’s 50-day moving average is $105.56 and its 200-day moving average is $107.35.
Union Pacific Corporation (NYSE:UNP) last issued its earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. On average, equities analysts expect that Union Pacific Corporation will post $5.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were given a $0.605 dividend. This represents a $2.42 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Tuesday, August 29th. Union Pacific Corporation’s payout ratio is presently 43.84%.
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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