Traders Sell Union Pacific Corp. (UNP) on Strength (UNP)
Investors sold shares of Union Pacific Corp. (NYSE:UNP) on strength during trading hours on Monday. $79.37 million flowed into the stock on the tick-up and $107.03 million flowed out of the stock on the tick-down, for a money net flow of $27.66 million out of the stock. Of all stocks tracked, Union Pacific Corp. had the 0th highest net out-flow for the day. Union Pacific Corp. traded up $0.70 for the day and closed at $91.39
A number of equities analysts have weighed in on UNP shares. Vetr upgraded shares of Union Pacific Corp. from a “buy” rating to a “strong-buy” rating and set a $89.42 price target on the stock in a report on Monday, March 28th. Royal Bank Of Canada lifted their price target on shares of Union Pacific Corp. from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, April 22nd. Morgan Stanley upgraded shares of Union Pacific Corp. from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $90.00 in a report on Friday, June 3rd. Scotiabank started coverage on shares of Union Pacific Corp. in a report on Tuesday, March 15th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Union Pacific Corp. in a report on Tuesday, April 12th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $91.72.
The stock has a 50-day moving average price of $86.49 and a 200 day moving average price of $81.28. The firm has a market cap of $76.86 billion and a PE ratio of 17.07.
Union Pacific Corp. (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 21st. The railroad operator reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.06. The business earned $4.83 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The company’s quarterly revenue was down 14.0% on a year-over-year basis. Equities analysts expect that Union Pacific Corp. will post $5.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Tuesday, May 31st were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $2.20 annualized dividend and a yield of 2.41%.
In related news, EVP Diane K. Duren sold 2,500 shares of the stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $85.46, for a total value of $213,650.00. Following the transaction, the executive vice president now directly owns 131,541 shares in the company, valued at $11,241,493.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Other institutional investors have made changes to their positions in the company. Morningstar Investment Services LLC raised its position in shares of Union Pacific Corp. by 15.4% in the fourth quarter. Morningstar Investment Services LLC now owns 174,415 shares of the railroad operator’s stock valued at $13,639,000 after buying an additional 23,323 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Union Pacific Corp. by 31.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,849,725 shares of the railroad operator’s stock valued at $535,661,000 after buying an additional 1,642,520 shares in the last quarter. Opus Investment Management Inc. acquired a new position in shares of Union Pacific Corp. during the fourth quarter valued at $3,613,000. Stephens Inc. AR raised its position in shares of Union Pacific Corp. by 46.0% in the fourth quarter. Stephens Inc. AR now owns 19,745 shares of the railroad operator’s stock valued at $1,544,000 after buying an additional 6,217 shares in the last quarter. Finally, Veritable L.P. raised its position in shares of Union Pacific Corp. by 1.9% in the fourth quarter. Veritable L.P. now owns 37,814 shares of the railroad operator’s stock valued at $2,957,000 after buying an additional 691 shares in the last quarter.
Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.
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