Nelson Van Denburg & Campbell Wealth Management Group LLC trimmed its holdings in Union Pacific Co. (NYSE:UNP) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,412 shares of the railroad operator’s stock after selling 663 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Union Pacific were worth $3,867,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Verition Fund Management LLC lifted its holdings in shares of Union Pacific by 808.2% during the 2nd quarter. Verition Fund Management LLC now owns 16,429 shares of the railroad operator’s stock worth $2,328,000 after acquiring an additional 14,620 shares during the last quarter. Argent Trust Co lifted its holdings in shares of Union Pacific by 159.6% during the 2nd quarter. Argent Trust Co now owns 18,731 shares of the railroad operator’s stock worth $2,653,000 after acquiring an additional 11,517 shares during the last quarter. Castleark Management LLC bought a new stake in shares of Union Pacific during the 2nd quarter worth $36,674,000. Bruderman Asset Management LLC lifted its holdings in shares of Union Pacific by 15.0% during the 2nd quarter. Bruderman Asset Management LLC now owns 8,087 shares of the railroad operator’s stock worth $1,146,000 after acquiring an additional 1,057 shares during the last quarter. Finally, DF Dent & Co. Inc. lifted its holdings in shares of Union Pacific by 29.9% during the 2nd quarter. DF Dent & Co. Inc. now owns 3,705 shares of the railroad operator’s stock worth $525,000 after acquiring an additional 852 shares during the last quarter. Institutional investors and hedge funds own 80.45% of the company’s stock.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Wednesday, July 18th. Cowen reissued a “hold” rating and issued a $151.00 price target on shares of Union Pacific in a research note on Thursday, July 19th. Royal Bank of Canada reissued a “hold” rating and issued a $145.00 price target on shares of Union Pacific in a research note on Friday, July 20th. Deutsche Bank downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and set a $162.00 price target for the company. in a research note on Tuesday, August 14th. Finally, Credit Suisse Group lowered their price target on shares of Union Pacific from $169.00 to $167.00 and set an “outperform” rating for the company in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company’s stock. Union Pacific currently has a consensus rating of “Hold” and a consensus target price of $147.35.
Shares of NYSE UNP opened at $157.41 on Monday. Union Pacific Co. has a 1 year low of $108.71 and a 1 year high of $157.95. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 1.03. The stock has a market cap of $116.09 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.90 and a beta of 0.81.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.04. Union Pacific had a net margin of 51.31% and a return on equity of 23.63%. The company had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. Union Pacific’s quarterly revenue was up 8.0% on a year-over-year basis. equities analysts predict that Union Pacific Co. will post 7.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, August 31st will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $0.73. Union Pacific’s dividend payout ratio is 55.27%.
In other Union Pacific news, EVP Lynden L. Tennison sold 8,450 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total value of $1,282,034.00. Following the sale, the executive vice president now owns 53,978 shares in the company, valued at $8,189,542.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.
Union Pacific Profile
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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