Brown Advisory Securities LLC increased its stake in Union Pacific Corporation (NYSE:UNP) by 9.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,451 shares of the railroad operator’s stock after buying an additional 308 shares during the period. Brown Advisory Securities LLC’s holdings in Union Pacific Corporation were worth $366,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. First Financial Bank N.A. Trust Division raised its stake in Union Pacific Corporation by 10.3% in the first quarter. First Financial Bank N.A. Trust Division now owns 3,846 shares of the railroad operator’s stock valued at $407,000 after buying an additional 358 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in Union Pacific Corporation by 1.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 723,420 shares of the railroad operator’s stock valued at $76,625,000 after buying an additional 12,776 shares during the period. Rathbone Brothers plc raised its stake in Union Pacific Corporation by 4.0% in the first quarter. Rathbone Brothers plc now owns 41,258 shares of the railroad operator’s stock valued at $4,370,000 after buying an additional 1,600 shares during the period. Manning & Napier Advisors LLC raised its stake in Union Pacific Corporation by 6.1% in the first quarter. Manning & Napier Advisors LLC now owns 117,891 shares of the railroad operator’s stock valued at $12,485,000 after buying an additional 6,747 shares during the period. Finally, Fulton Bank N.A. raised its stake in Union Pacific Corporation by 63.8% in the first quarter. Fulton Bank N.A. now owns 3,909 shares of the railroad operator’s stock valued at $414,000 after buying an additional 1,522 shares during the period. 79.88% of the stock is currently owned by institutional investors.
Union Pacific Corporation (NYSE UNP) traded up 0.86% during trading on Friday, reaching $103.57. The company’s stock had a trading volume of 3,340,923 shares. The company has a market cap of $82.90 billion, a PE ratio of 18.78 and a beta of 0.81. The stock has a 50-day moving average price of $106.03 and a 200 day moving average price of $107.74. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the business earned $1.17 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts expect that Union Pacific Corporation will post $5.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is currently 43.84%.
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UNP has been the topic of several analyst reports. Cowen and Company increased their target price on Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a report on Friday, April 28th. Credit Suisse Group increased their target price on Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, May 26th. Zacks Investment Research raised Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a report on Tuesday, May 30th. BMO Capital Markets reissued a “buy” rating and set a $123.00 target price on shares of Union Pacific Corporation in a report on Friday, June 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $116.00 target price on shares of Union Pacific Corporation in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Union Pacific Corporation currently has an average rating of “Hold” and a consensus price target of $112.10.
In other news, EVP Cameron A. Scott sold 17,604 shares of the company’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the transaction, the executive vice president now directly owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.
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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