Beacon Financial Group increased its holdings in Union Pacific Corporation (NYSE:UNP) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,804 shares of the railroad operator’s stock after purchasing an additional 1,239 shares during the period. Beacon Financial Group’s holdings in Union Pacific Corporation were worth $1,813,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in UNP. State of Alaska Department of Revenue purchased a new stake in shares of Union Pacific Corporation in the first quarter valued at $243,000. Motco grew its position in shares of Union Pacific Corporation by 3.3% in the first quarter. Motco now owns 2,135 shares of the railroad operator’s stock valued at $226,000 after purchasing an additional 68 shares during the period. Retirement Systems of Alabama grew its position in shares of Union Pacific Corporation by 0.4% in the first quarter. Retirement Systems of Alabama now owns 730,583 shares of the railroad operator’s stock valued at $77,383,000 after purchasing an additional 2,766 shares during the period. Factory Mutual Insurance Co. grew its position in shares of Union Pacific Corporation by 0.3% in the first quarter. Factory Mutual Insurance Co. now owns 906,879 shares of the railroad operator’s stock valued at $96,057,000 after purchasing an additional 3,000 shares during the period. Finally, Candriam Luxembourg S.C.A. grew its position in shares of Union Pacific Corporation by 17.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 69,910 shares of the railroad operator’s stock valued at $7,405,000 after purchasing an additional 10,270 shares during the period. 78.56% of the stock is owned by institutional investors and hedge funds.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction on Friday, July 7th. The shares were sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the transaction, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at $10,272,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.20% of the company’s stock.
A number of equities research analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $118.00 price objective (up previously from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. BidaskClub raised Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 18th. Robert W. Baird reaffirmed a “hold” rating and issued a $116.00 price objective on shares of Union Pacific Corporation in a research report on Sunday. Citigroup Inc. reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Union Pacific Corporation in a research report on Monday, July 10th. Finally, Zacks Investment Research downgraded Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $113.38.
Shares of Union Pacific Corporation (UNP) traded up 2.29% during midday trading on Friday, hitting $113.40. The stock had a trading volume of 8,269,901 shares. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $115.15. The firm has a market cap of $90.76 billion, a price-to-earnings ratio of 20.57 and a beta of 0.81. The firm has a 50-day moving average price of $105.02 and a 200-day moving average price of $107.33.
Union Pacific Corporation (NYSE:UNP) last posted its earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share. On average, equities analysts anticipate that Union Pacific Corporation will post $5.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is 43.84%.
About Union Pacific Corporation
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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