Union Pacific Corporation (NYSE:UNP) had its target price lifted by Stifel Nicolaus from $118.00 to $120.00 in a research note released on Friday morning. They currently have a hold rating on the railroad operator’s stock.
A number of other research firms have also recently commented on UNP. Cowen and Company lifted their price target on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the stock a market perform rating in a report on Friday, April 28th. Royal Bank Of Canada reaffirmed a hold rating and issued a $116.00 price target on shares of Union Pacific Corporation in a report on Friday, June 2nd. BMO Capital Markets reaffirmed a buy rating and issued a $123.00 price target on shares of Union Pacific Corporation in a report on Friday, June 2nd. Zacks Investment Research raised 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 report on Tuesday, May 30th. Finally, Credit Suisse Group lifted their price target on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the stock a buy rating in a report on Friday, May 26th. Two equities 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 company. The company presently has an average rating of Hold and an average target price of $112.21.
Union Pacific Corporation (NYSE UNP) opened at 103.90 on Friday. The firm’s 50-day moving average price is $105.52 and its 200-day moving average price is $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 has a 12 month low of $87.06 and a 12 month high of $115.15.
Union Pacific Corporation (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. Union Pacific Corporation’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. On average, equities research analysts expect that Union Pacific Corporation will post $5.79 EPS for the current fiscal 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 given a dividend of $0.605 per share. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.33%. Union Pacific Corporation’s dividend payout ratio (DPR) is currently 43.84%.
In other news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction on 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 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 can be accessed through the SEC website. 0.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UNP. FMR LLC raised its position in Union Pacific Corporation by 84.6% in the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after buying an additional 4,399,980 shares during the period. Janus Henderson Group PLC raised its position in Union Pacific Corporation by 990.5% in the second quarter. Janus Henderson Group PLC now owns 2,243,574 shares of the railroad operator’s stock worth $244,339,000 after buying an additional 2,037,834 shares during the period. Voya Investment Management LLC raised its position in Union Pacific Corporation by 88.7% in the second quarter. Voya Investment Management LLC now owns 4,060,423 shares of the railroad operator’s stock worth $442,221,000 after buying an additional 1,908,175 shares during the period. Ameriprise Financial Inc. raised its position in Union Pacific Corporation by 59.3% in the second quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock worth $519,785,000 after buying an additional 1,776,644 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Union Pacific Corporation by 290.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,187,401 shares of the railroad operator’s stock worth $238,230,000 after buying an additional 1,627,453 shares during the period. Hedge funds and other institutional investors own 79.94% 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.
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.
