Pointe Capital Management LLC boosted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 126.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,448 shares of the railroad operator’s stock after buying an additional 4,153 shares during the period. Pointe Capital Management LLC’s holdings in Union Pacific Corporation were worth $789,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Advantage Investment Management LLC increased its position 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 valued at $101,000 after buying an additional 691 shares during the period. Mark Sheptoff Financial Planning LLC increased its position in shares of Union Pacific Corporation by 96.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock valued at $108,000 after buying an additional 501 shares during the period. Proficio Capital Partners LLC increased its position in shares of Union Pacific Corporation by 36.3% in the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock valued at $111,000 after buying an additional 274 shares during the period. Cable Hill Partners LLC increased its position 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 valued at $119,000 after buying an additional 65 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in shares of Union Pacific Corporation by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after buying an additional 686 shares during the period. Institutional investors own 79.94% of the company’s stock.
Union Pacific Corporation (UNP) traded down 0.65% during mid-day trading on Thursday, reaching $105.16. The company had a trading volume of 465,548 shares. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15. The firm has a market capitalization of $84.17 billion, a P/E ratio of 19.07 and a beta of 0.81. The firm’s 50-day moving average is $105.80 and its 200-day moving average is $107.62.
Union Pacific Corporation (NYSE:UNP) last issued its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. On average, equities research analysts anticipate that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.
The firm also recently announced 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 of this dividend is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a yield of 2.29%. Union Pacific Corporation’s payout ratio is currently 43.84%.
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UNP has been the topic of several research reports. Stifel Nicolaus reiterated a “hold” rating and set a $118.00 price target (up previously from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. Zacks Investment Research upgraded 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 downgraded shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Credit Suisse Group upped their price target on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, May 26th. Finally, Deutsche Bank AG downgraded shares of Union Pacific Corporation from a “buy” rating to a “hold” rating and reduced their price target for the stock from $132.00 to $110.00 in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. Union Pacific Corporation has an average rating of “Hold” and an average price target of $112.10.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.
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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