CIBC World Markets Inc. lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 34.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,322 shares of the railroad operator’s stock after selling 55,896 shares during the period. CIBC World Markets Inc.’s holdings in Union Pacific Corporation were worth $11,156,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Prospera Financial Services Inc raised its position in shares of Union Pacific Corporation by 0.3% in the first quarter. Prospera Financial Services Inc now owns 2,163 shares of the railroad operator’s stock valued at $230,000 after buying an additional 7 shares in the last quarter. Summit Asset Management LLC raised its position in shares of Union Pacific Corporation by 0.3% in the first quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock valued at $763,000 after buying an additional 19 shares in the last quarter. Family Firm Inc. raised its position in shares of Union Pacific Corporation by 0.5% in the first quarter. Family Firm Inc. now owns 4,178 shares of the railroad operator’s stock valued at $443,000 after buying an additional 21 shares in the last quarter. Court Place Advisors LLC raised its position in shares of Union Pacific Corporation by 0.4% in the first quarter. Court Place Advisors LLC now owns 7,506 shares of the railroad operator’s stock valued at $795,000 after buying an additional 29 shares in the last quarter. Finally, Highland Private Wealth Management raised its position in shares of Union Pacific Corporation by 1.6% in the first quarter. Highland Private Wealth Management now owns 1,978 shares of the railroad operator’s stock valued at $210,000 after buying an additional 32 shares in the last quarter. 79.94% of the stock is owned by institutional investors and hedge funds.
Shares of Union Pacific Corporation (NYSE UNP) opened at 103.36 on Friday. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $115.15. The company has a market capitalization of $82.73 billion, a P/E ratio of 18.75 and a beta of 0.81. The firm’s 50 day moving average price is $105.64 and its 200-day moving average price is $107.59.
Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The business’s revenue 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. Analysts expect that Union Pacific Corporation will post $5.79 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio is presently 43.84%.
Several brokerages have commented on UNP. Stifel Nicolaus reissued a “hold” rating and set a $118.00 price objective (up previously from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. Citigroup Inc. reissued a “buy” rating and set a $120.00 price objective on shares of Union Pacific Corporation in a research report on Monday, July 10th. Zacks Investment Research lowered Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. BidaskClub lowered Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, Cowen and Company lifted their price target on 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 assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $112.10.
In other 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 sale, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at $10,272,572. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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