Union Pacific Co. (NYSE:UNP) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 15,243,091 shares, a growth of 28.0% from the May 15th total of 11,910,835 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average trading volume of 3,139,457 shares, the short-interest ratio is currently 4.9 days.
UNP has been the subject of several recent analyst reports. Loop Capital raised their target price on shares of Union Pacific from $137.00 to $145.00 and gave the stock a “hold” rating in a research note on Monday, April 16th. Deutsche Bank upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a report on Monday, April 2nd. Cowen reiterated a “market perform” rating and issued a $139.00 price target (down previously from $140.00) on shares of Union Pacific in a report on Wednesday, February 28th. Bank of America increased their price target on shares of Union Pacific from $150.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, March 15th. Finally, Zacks Investment Research downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $146.70.
In other news, EVP Elizabeth F. Whited sold 15,576 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $133.79, for a total value of $2,083,913.04. Following the completion of the sale, the executive vice president now owns 65,613 shares in the company, valued at approximately $8,778,363.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert M. Knight, Jr. sold 25,000 shares of the firm’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $137.39, for a total transaction of $3,434,750.00. Following the completion of the sale, the chief financial officer now owns 106,518 shares of the company’s stock, valued at approximately $14,634,508.02. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Union Pacific by 69.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,019,393 shares of the railroad operator’s stock worth $674,758,000 after purchasing an additional 2,049,128 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Union Pacific by 248.7% during the 4th quarter. Mackenzie Financial Corp now owns 2,156,861 shares of the railroad operator’s stock worth $289,235,000 after purchasing an additional 1,538,325 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Union Pacific by 2.8% during the 4th quarter. BlackRock Inc. now owns 52,135,522 shares of the railroad operator’s stock worth $6,991,373,000 after purchasing an additional 1,434,475 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Union Pacific by 19.5% during the 4th quarter. TIAA CREF Investment Management LLC now owns 8,608,925 shares of the railroad operator’s stock worth $1,154,457,000 after purchasing an additional 1,403,429 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of Union Pacific by 3,248.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,049,158 shares of the railroad operator’s stock worth $140,691,000 after purchasing an additional 1,017,823 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.
Union Pacific opened at $147.02 on Monday, Marketbeat reports. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 0.64. Union Pacific has a twelve month low of $101.06 and a twelve month high of $148.33. The stock has a market cap of $113.24 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 1.81 and a beta of 0.80.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 26th. The railroad operator reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.02. Union Pacific had a net margin of 50.73% and a return on equity of 22.16%. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period last year, the firm posted $1.32 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. research analysts forecast that Union Pacific will post 7.63 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 31st will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $2.92 annualized dividend and a yield of 1.99%. Union Pacific’s dividend payout ratio (DPR) is currently 50.43%.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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