Sowell Financial Services LLC increased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 3.3% during the first quarter, Holdings Channel reports. The institutional investor owned 6,513 shares of the railroad operator’s stock after buying an additional 207 shares during the period. Sowell Financial Services LLC’s holdings in Union Pacific Corporation were worth $704,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Genesee Valley Trust Co. boosted its stake in shares of Union Pacific Corporation by 21.5% in the first quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock valued at $1,030,000 after buying an additional 1,724 shares in the last quarter. Eastern Bank boosted its stake in shares of Union Pacific Corporation by 1.2% in the first quarter. Eastern Bank now owns 13,580 shares of the railroad operator’s stock valued at $1,438,000 after buying an additional 158 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Union Pacific Corporation during the first quarter valued at $268,000. Wetherby Asset Management Inc. boosted its stake in shares of Union Pacific Corporation by 1.7% in the first quarter. Wetherby Asset Management Inc. now owns 17,888 shares of the railroad operator’s stock valued at $1,895,000 after buying an additional 302 shares in the last quarter. Finally, ING Groep NV boosted its stake in shares of Union Pacific Corporation by 225.6% in the first quarter. ING Groep NV now owns 41,594 shares of the railroad operator’s stock valued at $4,406,000 after buying an additional 28,818 shares in the last quarter. Institutional investors own 79.94% of the company’s stock.
Shares of Union Pacific Corporation (NYSE:UNP) traded up 0.70% during trading on Friday, hitting $103.90. The stock had a trading volume of 3,243,552 shares. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.15. The firm has a 50 day moving average price of $105.52 and a 200 day moving average price of $107.56. The firm has a market cap of $83.16 billion, a P/E ratio of 18.84 and a beta of 0.81.
Union Pacific Corporation (NYSE:UNP) last posted its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $5.19 billion. During the same period in the prior year, the company posted $1.17 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts expect that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is currently 43.84%.
ILLEGAL ACTIVITY WARNING: “Sowell Financial Services LLC Has $704,000 Position in Union Pacific Corporation (UNP)” was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://stocknewstimes.com/2017/08/19/sowell-financial-services-llc-has-704000-position-in-union-pacific-corporation-unp.html.
UNP has been the subject of several analyst reports. BidaskClub cut Union Pacific Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and set a $116.00 target price on shares of Union Pacific Corporation in a report on Friday, June 2nd. Zacks Investment Research upgraded Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a report on Thursday, July 13th. Morgan Stanley restated an “overweight” rating and set a $102.00 target price (up from $100.00) on shares of Union Pacific Corporation in a report on Monday, July 10th. Finally, Credit Suisse Group increased their target price on Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. Union Pacific Corporation has a consensus rating of “Hold” and a consensus price target of $112.21.
In other news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.
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.
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP).
Receive News & Ratings for Union Pacific Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
