Union Pacific (NYSE:UNP) released its earnings results on Thursday. The railroad operator reported $2.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10, Briefing.com reports. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same period last year, the company posted $1.98 EPS. The business’s revenue was down 1.3% on a year-over-year basis.
UNP stock opened at $175.30 on Friday. The stock has a market cap of $124.08 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.97 and a beta of 1.04. The company has a current ratio of 0.72, a quick ratio of 0.60 and a debt-to-equity ratio of 1.26. The firm’s 50 day moving average price is $169.67. Union Pacific has a one year low of $128.08 and a one year high of $180.02.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Thursday, May 30th. Union Pacific’s payout ratio is presently 44.50%.
In other news, Director William J. Delaney III purchased 5,000 shares of Union Pacific stock in a transaction dated Monday, May 20th. The shares were purchased at an average price of $174.06 per share, with a total value of $870,300.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $870,300. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of Union Pacific stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $180.01, for a total transaction of $248,413.80. Following the sale, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $17,090,689.43. The disclosure for this sale can be found here. 9.96% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alpha Cubed Investments LLC raised its position in Union Pacific by 14.3% in the second quarter. Alpha Cubed Investments LLC now owns 60,481 shares of the railroad operator’s stock valued at $10,228,000 after purchasing an additional 7,587 shares during the period. Private Vista LLC raised its position in Union Pacific by 1.7% in the second quarter. Private Vista LLC now owns 4,101 shares of the railroad operator’s stock valued at $697,000 after purchasing an additional 69 shares during the period. Mutual of Omaha Bank Wealth Management raised its position in Union Pacific by 7.3% in the second quarter. Mutual of Omaha Bank Wealth Management now owns 5,915 shares of the railroad operator’s stock valued at $1,001,000 after purchasing an additional 400 shares during the period. Davy Asset Management Ltd purchased a new stake in Union Pacific in the second quarter valued at approximately $556,000. Finally, Robeco Institutional Asset Management B.V. raised its position in Union Pacific by 0.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,219,603 shares of the railroad operator’s stock valued at $206,243,000 after purchasing an additional 3,110 shares during the period. 78.95% of the stock is currently owned by institutional investors.
UNP has been the topic of a number of research reports. Raymond James reissued a “buy” rating on shares of West Fraser Timber in a research note on Monday, April 22nd. Loop Capital raised their target price on shares of Union Pacific to $191.00 in a research note on Friday. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Deutsche Bank raised their target price on shares of Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Goldman Sachs Group lowered shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $178.90.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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