DeDora Capital Inc. raised its position in Union Pacific Co. (NYSE:UNP) by 54.1% in the 3rd quarter, Holdings Channel reports. The firm owned 4,091 shares of the railroad operator’s stock after buying an additional 1,437 shares during the period. DeDora Capital Inc.’s holdings in Union Pacific were worth $666,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Union Pacific by 9.0% in the first quarter. Principal Financial Group Inc. now owns 2,439,928 shares of the railroad operator’s stock valued at $327,999,000 after purchasing an additional 202,340 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Union Pacific in the first quarter valued at about $243,000. Highbridge Capital Management LLC increased its stake in shares of Union Pacific by 159.5% in the first quarter. Highbridge Capital Management LLC now owns 4,412 shares of the railroad operator’s stock valued at $593,000 after buying an additional 2,712 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of Union Pacific by 169.5% in the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 34,500 shares of the railroad operator’s stock valued at $4,638,000 after buying an additional 21,700 shares during the period. Finally, Summit Trail Advisors LLC increased its stake in shares of Union Pacific by 15,109.3% in the first quarter. Summit Trail Advisors LLC now owns 478,180 shares of the railroad operator’s stock valued at $478,000 after buying an additional 475,036 shares during the period. Hedge funds and other institutional investors own 80.47% of the company’s stock.
In related news, EVP Lynden L. Tennison sold 8,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was 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 owns 53,978 shares of the company’s stock, valued at $8,189,542.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the sale, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at approximately $17,448,713.58. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.
Several equities research analysts have recently weighed in on the company. ValuEngine cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Credit Suisse Group decreased their price target on Union Pacific from $169.00 to $167.00 and set an “outperform” rating for the company in a research note on Friday, July 20th. 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. Zacks Investment Research raised 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. Finally, Bank of America cut Union Pacific from a “buy” rating to a “neutral” rating and set a $164.00 price target for the company. in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Union Pacific currently has a consensus rating of “Buy” and an average target price of $160.22.
NYSE UNP opened at $148.70 on Friday. Union Pacific Co. has a one year low of $109.83 and a one year high of $165.63. The company has a market cap of $109.83 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 1.78 and a beta of 0.81. 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 released its earnings results on Thursday, July 19th. The railroad operator reported $1.98 EPS for the quarter, topping the consensus estimate of $1.94 by $0.04. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The business had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. As a group, research analysts predict that Union Pacific Co. will post 7.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, August 31st were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $3.20 annualized dividend and a yield of 2.15%. This is a boost from Union Pacific’s previous quarterly dividend of $0.73. Union Pacific’s dividend payout ratio (DPR) 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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