Traders Buy Shares of Union Pacific Corporation (UNP) on Weakness
Investors purchased shares of Union Pacific Corporation (NYSE:UNP) on weakness during trading hours on Monday. $66.07 million flowed into the stock on the tick-up and $36.27 million flowed out of the stock on the tick-down, for a money net flow of $29.80 million into the stock. Of all equities tracked, Union Pacific Corporation had the 19th highest net in-flow for the day. Union Pacific Corporation traded down ($0.19) for the day and closed at $112.09
Several brokerages have recently issued reports on UNP. J P Morgan Chase & Co lifted their price target on Union Pacific Corporation from $106.00 to $113.00 and gave the company a “neutral” rating in a report on Thursday. Aegis lowered Union Pacific Corporation from a “buy” rating to a “hold” rating and boosted their target price for the stock from $120.00 to $122.00 in a report on Tuesday, October 10th. Citigroup Inc. lowered Union Pacific Corporation from a “buy” rating to a “neutral” rating and set a $120.00 price target for the company. in a report on Wednesday, October 4th. Morgan Stanley lowered Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $102.00 to $100.00 in a report on Monday, October 2nd. Finally, 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. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $113.36.
The firm has a 50 day moving average price of $111.31 and a 200 day moving average price of $108.53. The stock has a market cap of $89.72 billion, a price-to-earnings ratio of 20.87 and a beta of 0.84.
Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the firm earned $1.17 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts forecast that Union Pacific Corporation will post $5.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were issued a $0.605 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.42 annualized dividend and a yield of 2.16%. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Union Pacific Corporation by 1.9% during the second quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock valued at $6,698,588,000 after purchasing an additional 1,146,109 shares during the last quarter. BlackRock Inc. increased its position in shares of Union Pacific Corporation by 0.3% during the second quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock valued at $5,528,796,000 after acquiring an additional 141,521 shares in the last quarter. State Street Corp increased its position in shares of Union Pacific Corporation by 0.4% during the first quarter. State Street Corp now owns 34,686,206 shares of the railroad operator’s stock valued at $3,673,956,000 after acquiring an additional 127,803 shares in the last quarter. FMR LLC increased its position in shares of Union Pacific Corporation by 84.6% during the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after acquiring an additional 4,399,980 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Union Pacific Corporation by 0.6% during the second quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock valued at $865,659,000 after acquiring an additional 46,298 shares in the last quarter. Hedge funds and other institutional investors own 78.33% 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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