Lincoln Capital LLC lifted its holdings in Union Pacific Corporation (NYSE:UNP) by 26.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,905 shares of the railroad operator’s stock after purchasing an additional 3,084 shares during the period. Union Pacific Corporation accounts for approximately 1.0% of Lincoln Capital LLC’s portfolio, making the stock its 26th biggest holding. Lincoln Capital LLC’s holdings in Union Pacific Corporation were worth $1,623,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. State Street Corp increased its stake in Union Pacific Corporation by 0.4% during the first quarter. State Street Corp now owns 34,686,206 shares of the railroad operator’s stock valued at $3,673,956,000 after acquiring an additional 127,803 shares during the period. First Eagle Investment Management LLC increased its stake in Union Pacific Corporation by 2.8% during the first quarter. First Eagle Investment Management LLC now owns 5,956,119 shares of the railroad operator’s stock valued at $630,872,000 after acquiring an additional 163,532 shares during the period. Legal & General Group Plc increased its stake in Union Pacific Corporation by 3.6% during the first quarter. Legal & General Group Plc now owns 4,365,934 shares of the railroad operator’s stock valued at $462,450,000 after acquiring an additional 150,498 shares during the period. Ameriprise Financial Inc. increased its stake in Union Pacific Corporation by 21.6% during the first quarter. Ameriprise Financial Inc. now owns 2,996,965 shares of the railroad operator’s stock valued at $317,475,000 after acquiring an additional 531,917 shares during the period. Finally, Swiss National Bank increased its stake in Union Pacific Corporation by 25.9% during the first quarter. Swiss National Bank now owns 2,920,172 shares of the railroad operator’s stock valued at $309,305,000 after acquiring an additional 600,300 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.
Shares of Union Pacific Corporation (NYSE UNP) traded down 0.09% on Friday, hitting $115.34. The stock had a trading volume of 2,297,582 shares. The firm has a market capitalization of $92.32 billion, a P/E ratio of 20.92 and a beta of 0.81. The company has a 50 day moving average of $105.56 and a 200-day moving average of $107.35. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.57.
Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The business 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%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Equities analysts predict that Union Pacific Corporation will post $5.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid 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 2.10%. Union Pacific Corporation’s dividend payout ratio (DPR) is 43.84%.
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In related news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $107.60, for a total value of $1,894,190.40. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.
UNP has been the topic of several research reports. Stifel Nicolaus restated a “hold” rating and set a $118.00 price target (up from $112.00) on shares of Union Pacific Corporation in a research note on Monday, July 24th. Zacks Investment Research upgraded Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Tuesday, May 30th. BidaskClub lowered Union Pacific Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Credit Suisse Group boosted their price target on Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, May 26th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $116.00 price target on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Two equities research 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’s stock. Union Pacific Corporation has a consensus rating of “Hold” and an average price target of $113.38.
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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