Hodges Capital Management Inc. raised its position in shares of Union Pacific Corporation (NYSE:UNP) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,281 shares of the railroad operator’s stock after buying an additional 132 shares during the period. Hodges Capital Management Inc.’s holdings in Union Pacific Corporation were worth $1,301,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Advantage Investment Management LLC increased its stake in shares of Union Pacific Corporation by 263.7% in the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock worth $101,000 after buying an additional 691 shares in the last quarter. Cable Hill Partners LLC increased its stake in shares of Union Pacific Corporation by 6.1% in the first quarter. Cable Hill Partners LLC now owns 1,130 shares of the railroad operator’s stock worth $119,000 after buying an additional 65 shares in the last quarter. American National Bank increased its stake in shares of Union Pacific Corporation by 757.5% in the first quarter. American National Bank now owns 1,432 shares of the railroad operator’s stock worth $152,000 after buying an additional 1,265 shares in the last quarter. Dubuque Bank & Trust Co. increased its stake in shares of Union Pacific Corporation by 7.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,464 shares of the railroad operator’s stock worth $155,000 after buying an additional 104 shares in the last quarter. Finally, Arcadia Investment Management Corp MI increased its stake in shares of Union Pacific Corporation by 8.5% in the first quarter. Arcadia Investment Management Corp MI now owns 1,635 shares of the railroad operator’s stock worth $173,000 after buying an additional 128 shares in the last quarter. 79.88% of the stock is owned by institutional investors and hedge funds.
Union Pacific Corporation (NYSE:UNP) opened at 103.06 on Wednesday. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $115.15. The stock’s 50 day moving average is $107.61 and its 200 day moving average is $107.96. The firm has a market cap of $82.49 billion, a price-to-earnings ratio of 18.69 and a beta of 0.81.
Union Pacific Corporation (NYSE:UNP) last posted 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. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. Equities research analysts expect that Union Pacific Corporation will post $5.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a $0.605 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 annualized dividend and a dividend yield of 2.35%. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.
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Several research firms have commented on UNP. BidaskClub cut shares of Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. BMO Capital Markets restated a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Citigroup Inc. restated a “buy” rating and issued a $120.00 target price on shares of Union Pacific Corporation in a research report on Monday, July 10th. Finally, Cowen and Company upped their target price on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $112.20.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $107.60, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by 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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