Bristol John W & Co. Inc. NY lessened its holdings in Union Pacific Co. (NYSE:UNP) by 1.1% during the 2nd quarter, Holdings Channel reports. The firm owned 628,438 shares of the railroad operator’s stock after selling 6,934 shares during the period. Union Pacific accounts for approximately 2.5% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 12th largest position. Bristol John W & Co. Inc. NY’s holdings in Union Pacific were worth $89,037,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Lenox Wealth Advisors LLC bought a new stake in Union Pacific in the second quarter worth $105,000. Landaas & Co. WI ADV bought a new stake in Union Pacific in the second quarter worth $133,000. grace capital bought a new stake in Union Pacific in the second quarter worth $142,000. Exane Derivatives increased its position in Union Pacific by 85.1% in the second quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock worth $155,000 after purchasing an additional 504 shares during the last quarter. Finally, Brand Asset Management Group Inc. bought a new stake in Union Pacific in the second quarter worth $169,000. Institutional investors own 80.45% of the company’s stock.
A number of research firms have weighed in on UNP. Deutsche Bank reiterated a “hold” rating on shares of Union Pacific in a research report on Friday, September 7th. ValuEngine cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Zacks Investment Research cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Bank of America boosted their price objective on shares of Union Pacific from $158.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, August 16th. Finally, TD Securities boosted their price objective on shares of Union Pacific from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, June 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $147.35.
In other news, EVP Lynden L. Tennison sold 8,450 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the sale, the executive vice president now directly owns 53,978 shares of the company’s stock, valued at $8,189,542.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.
Shares of UNP opened at $156.71 on Tuesday. The firm has a market cap of $116.09 billion, a PE ratio of 27.07, a P/E/G ratio of 1.90 and a beta of 0.81. Union Pacific Co. has a 12-month low of $108.71 and a 12-month high of $157.95. The company has a quick ratio of 0.85, a current ratio of 1.03 and a debt-to-equity ratio of 1.07.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.04. The firm had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.65 billion. Union Pacific had a net margin of 51.31% and a return on equity of 23.63%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 earnings per share. analysts predict that Union Pacific Co. will post 7.76 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, August 31st will be paid a dividend of $0.80 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.73. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, August 30th. Union Pacific’s payout ratio is currently 55.27%.
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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