Vident Investment Advisory LLC boosted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 52.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,745 shares of the railroad operator’s stock after purchasing an additional 2,995 shares during the period. Vident Investment Advisory LLC’s holdings in Union Pacific were worth $1,479,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. NuWave Investment Management LLC purchased a new stake in Union Pacific in the 2nd quarter worth approximately $26,000. Your Advocates Ltd. LLP increased its stake in shares of Union Pacific by 100.0% during the second quarter. Your Advocates Ltd. LLP now owns 120 shares of the railroad operator’s stock valued at $31,000 after buying an additional 60 shares during the period. Prestige Wealth Management Group LLC bought a new position in shares of Union Pacific during the first quarter valued at approximately $32,000. Royal Fund Management LLC purchased a new stake in Union Pacific in the first quarter worth $35,000. Finally, Westside Investment Management Inc. bought a new stake in Union Pacific in the first quarter valued at $37,000. Institutional investors own 78.93% of the company’s stock.
Several equities research analysts have recently commented on the stock. Cfra dropped their target price on shares of Union Pacific from $190.00 to $172.00 and set a “hold” rating for the company in a research report on Friday, April 24th. BMO Capital Markets raised their price objective on shares of Union Pacific from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Susquehanna Bancshares cut their price objective on Union Pacific from $215.00 to $169.00 and set a “positive” rating on the stock in a research report on Wednesday, April 8th. Citigroup increased their target price on Union Pacific from $167.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Stephens lifted their price target on Union Pacific from $167.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $176.23.
In other Union Pacific news, EVP Elizabeth F. Whited sold 5,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $171.08, for a total value of $855,400.00. Following the completion of the transaction, the executive vice president now owns 72,934 shares of the company’s stock, valued at approximately $12,477,548.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Elizabeth F. Whited sold 4,400 shares of the company’s stock in a transaction dated Thursday, July 16th. The shares were sold at an average price of $176.00, for a total transaction of $774,400.00. Following the transaction, the executive vice president now owns 72,334 shares in the company, valued at approximately $12,730,784. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.
Shares of Union Pacific stock opened at $173.35 on Friday. Union Pacific Co. has a 1 year low of $105.08 and a 1 year high of $188.96. The firm’s 50-day moving average is $170.60 and its 200 day moving average is $164.04. The stock has a market cap of $117.30 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 2.24 and a beta of 1.06. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.96 and a quick ratio of 0.84.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.11. Union Pacific had a net margin of 27.54% and a return on equity of 32.45%. The business had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the company earned $2.22 earnings per share. The business’s revenue for the quarter was down 24.2% compared to the same quarter last year. On average, equities analysts expect that Union Pacific Co. will post 7.72 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 2.24%. Union Pacific’s dividend payout ratio (DPR) is presently 46.30%.
Union Pacific Company Profile
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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