Stifel Nicolaus reissued their hold rating on shares of Union Pacific Corporation (NYSE:UNP) in a research note released on Monday. The brokerage currently has a $118.00 price target on the railroad operator’s stock, up from their prior price target of $112.00.
A number of other research analysts have also commented on the stock. Citigroup Inc. restated a buy rating and issued a $120.00 price objective on shares of Union Pacific Corporation in a research note on Monday, July 10th. BMO Capital Markets restated a buy rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Cowen and Company lifted their price objective on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the company a market perform rating in a research note on Friday, April 28th. Morgan Stanley restated an overweight rating and issued a $102.00 price objective (up from $100.00) on shares of Union Pacific Corporation in a research note on Monday, July 10th. Finally, Credit Suisse Group lifted their price objective on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the company a buy rating in a research note on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $112.20.
Shares of Union Pacific Corporation (UNP) opened at 104.42 on Monday. The stock has a market capitalization of $83.58 billion, a price-to-earnings ratio of 18.94 and a beta of 0.83. The firm has a 50-day moving average of $108.45 and a 200 day moving average of $107.97. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.15.
Union Pacific Corporation (NYSE:UNP) last posted its quarterly earnings data 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 company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. Union Pacific Corporation’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 earnings per share. Equities analysts forecast that Union Pacific Corporation will post $5.78 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, May 31st were issued a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Friday, May 26th. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.
In related news, EVP Cameron A. Scott sold 17,604 shares of the business’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 sale, the executive vice president now owns 95,470 shares of the company’s stock, valued at $10,272,572. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in UNP. Horizon Kinetics LLC increased its stake in Union Pacific Corporation by 7.8% in the fourth quarter. Horizon Kinetics LLC now owns 13,344 shares of the railroad operator’s stock worth $1,384,000 after buying an additional 969 shares in the last quarter. Congress Asset Management Co. MA bought a new stake in Union Pacific Corporation during the fourth quarter worth approximately $4,522,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Union Pacific Corporation by 6.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 100,516 shares of the railroad operator’s stock worth $10,415,000 after buying an additional 5,713 shares in the last quarter. AQR Capital Management LLC increased its stake in Union Pacific Corporation by 389.8% in the fourth quarter. AQR Capital Management LLC now owns 764,049 shares of the railroad operator’s stock worth $79,217,000 after buying an additional 608,064 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in Union Pacific Corporation by 13.2% in the fourth quarter. Guggenheim Capital LLC now owns 479,231 shares of the railroad operator’s stock worth $49,686,000 after buying an additional 55,777 shares in the last quarter. 79.31% of the stock is currently owned by hedge funds and other institutional investors.
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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