Louisiana State Employees Retirement System increased its position in Union Pacific Corporation (NYSE:UNP) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 50,100 shares of the railroad operator’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Union Pacific Corporation were worth $5,456,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in Union Pacific Corporation during the fourth quarter worth approximately $233,000. Guggenheim Capital LLC raised its position 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. AQR Capital Management LLC raised its position 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. Ladenburg Thalmann Financial Services Inc. raised its position 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. Finally, Congress Asset Management Co. MA acquired a new position in Union Pacific Corporation during the fourth quarter worth approximately $4,522,000. Institutional investors own 79.97% of the company’s stock.
Shares of Union Pacific Corporation (NYSE UNP) opened at 102.48 on Monday. The company’s 50-day moving average is $107.61 and its 200 day moving average is $107.96. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $115.15. The firm has a market capitalization of $82.02 billion, a P/E ratio of 18.59 and a beta of 0.81.
Union Pacific Corporation (NYSE:UNP) last issued 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 net margin of 21.79% and a return on equity of 22.70%. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the business earned $1.17 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts expect that Union Pacific Corporation will post $5.79 EPS for the current fiscal year.
The firm 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 dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is currently 43.84%.
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A number of equities analysts recently commented on UNP shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $118.00 price target (up from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. Zacks Investment Research raised shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Tuesday, May 30th. BidaskClub lowered shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Credit Suisse Group raised their target price on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a report on Friday, May 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $116.00 target price on shares of Union Pacific Corporation in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Union Pacific Corporation has an average rating of “Hold” and a consensus target price of $112.20.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.
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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