Commerzbank Aktiengesellschaft FI cut its stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 20.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 23,522 shares of the railroad operator’s stock after selling 5,970 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Union Pacific were worth $5,707,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Key Financial Inc grew its position in Union Pacific by 2.1% during the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock worth $442,000 after acquiring an additional 38 shares during the last quarter. Members Trust Co boosted its stake in shares of Union Pacific by 2.5% during the first quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock valued at $382,000 after purchasing an additional 38 shares in the last quarter. EJMK Ventures LLC boosted its stake in shares of Union Pacific by 4.0% during the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock valued at $247,000 after purchasing an additional 39 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of Union Pacific by 0.6% during the fourth quarter. Rehmann Capital Advisory Group now owns 6,637 shares of the railroad operator’s stock worth $1,535,000 after purchasing an additional 42 shares during the last quarter. Finally, Fairvoy Private Wealth LLC grew its holdings in shares of Union Pacific by 3.8% during the first quarter. Fairvoy Private Wealth LLC now owns 1,156 shares of the railroad operator’s stock worth $280,000 after purchasing an additional 42 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on UNP shares. Susquehanna raised their price objective on shares of Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. Weiss Ratings downgraded shares of Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $289.00 target price (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. Benchmark restated a “buy” rating and issued a $325.00 price target (up from $300.00) on shares of Union Pacific in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Union Pacific from $275.00 to $304.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $299.11.
Union Pacific Trading Down 1.8%
NYSE UNP opened at $296.35 on Tuesday. The firm has a market capitalization of $175.94 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 3.16 and a beta of 0.96. The business’s 50-day moving average price is $272.58 and its two-hundred day moving average price is $256.60. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $303.15.
Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $2.70 earnings per share. On average, analysts expect that Union Pacific Corporation will post 12.62 EPS for the current year.
Union Pacific Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Union Pacific’s dividend payout ratio is currently 45.47%.
Insider Buying and Selling at Union Pacific
In other news, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares in the company, valued at approximately $16,605,079.52. The trade was a 30.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jennifer L. Hamann sold 2,000 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the sale, the chief financial officer directly owned 114,642 shares in the company, valued at approximately $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 32,378 shares of company stock valued at $8,781,595. 0.22% of the stock is currently owned by company insiders.
Union Pacific Profile
Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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