Union Pacific Corporation (UNP) Shares Sold by Symphony Asset Management LLC
Symphony Asset Management LLC cut its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,520 shares of the railroad operator’s stock after selling 4,777 shares during the quarter. Symphony Asset Management LLC’s holdings in Union Pacific Corporation were worth $6,156,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. OMERS ADMINISTRATION Corp lifted its holdings in shares of Union Pacific Corporation by 15.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock worth $109,803,000 after buying an additional 134,950 shares during the last quarter. Community Bank N.A. lifted its holdings in shares of Union Pacific Corporation by 3.0% during the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after buying an additional 45 shares during the last quarter. Northeast Investment Management lifted its holdings in shares of Union Pacific Corporation by 2.8% during the second quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock worth $30,305,000 after buying an additional 7,663 shares during the last quarter. Barings LLC lifted its holdings in shares of Union Pacific Corporation by 357.1% during the first quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock worth $5,104,000 after buying an additional 37,643 shares during the last quarter. Finally, Greystone Managed Investments Inc. lifted its holdings in shares of Union Pacific Corporation by 8.9% during the second quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock worth $9,161,000 after buying an additional 6,890 shares during the last quarter. Institutional investors own 79.80% of the company’s stock.
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Union Pacific Corporation (NYSE UNP) opened at $116.01 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 0.97. The company has a market capitalization of $91,090.00, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.87 and a beta of 0.87. Union Pacific Corporation has a one year low of $100.00 and a one year high of $119.71.
Union Pacific Corporation (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.32 billion. Union Pacific Corporation had a return on equity of 23.35% and a net margin of 21.84%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. sell-side analysts expect that Union Pacific Corporation will post 5.78 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.66 dividend on an annualized basis and a yield of 2.29%. This is a positive change from Union Pacific Corporation’s previous quarterly dividend of $0.61. Union Pacific Corporation’s payout ratio is currently 42.83%.
UNP has been the subject of a number of research analyst reports. Argus upped their price target on Union Pacific Corporation from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Stifel Nicolaus reiterated a “hold” rating and set a $118.00 price target (up from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. BMO Capital Markets restated a “buy” rating on shares of Union Pacific Corporation in a research report on Friday, October 20th. BidaskClub cut Union Pacific Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Morgan Stanley cut Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $102.00 to $100.00 in a research report on Monday, October 2nd. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $117.59.
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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