Investors Sell Shares of Union Pacific Corp. (UNP) on Strength (UNP)
Traders sold shares of Union Pacific Corp. (NYSE:UNP) on strength during trading hours on Thursday. $44.68 million flowed into the stock on the tick-up and $82.39 million flowed out of the stock on the tick-down, for a money net flow of $37.71 million out of the stock. Of all companies tracked, Union Pacific Corp. had the 0th highest net out-flow for the day. Union Pacific Corp. traded up $1.45 for the day and closed at $93.08
A number of research analysts have recently weighed in on the company. Deutsche Bank AG reiterated a “buy” rating on shares of Union Pacific Corp. in a research report on Tuesday, April 12th. Vetr raised shares of Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $95.69 price objective for the company in a research note on Monday, April 25th. Credit Agricole SA began coverage on shares of Union Pacific Corp. in a research note on Thursday, May 19th. They issued a “sell” rating and a $79.00 price objective for the company. Zacks Investment Research raised shares of Union Pacific Corp. from a “sell” rating to a “hold” rating in a research note on Monday, April 25th. Finally, Oppenheimer Holdings Inc. began coverage on shares of Union Pacific Corp. in a research note on Wednesday, June 15th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $92.08.
The firm has a 50-day moving average of $89.76 and a 200-day moving average of $82.80. The company has a market capitalization of $77.50 billion and a PE ratio of 18.12.
Union Pacific Corp. (NYSE:UNP) last posted its earnings results on Thursday, July 21st. The railroad operator reported $1.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The business had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Union Pacific Corp.’s quarterly revenue was down 12.1% compared to the same quarter last year. Analysts forecast that Union Pacific Corp. will post $5.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Monday, August 29th.
In other news, EVP Diane K. Duren sold 2,500 shares of the business’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $85.46, for a total value of $213,650.00. Following the completion of the sale, the executive vice president now owns 131,541 shares of the company’s stock, valued at approximately $11,241,493.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
A number of hedge funds and institutional investors have added to or reduced their stakes in the stock. Marco Investment Management LLC increased its position in Union Pacific Corp. by 199.1% in the fourth quarter. Marco Investment Management LLC now owns 40,647 shares of the railroad operator’s stock worth $3,179,000 after buying an additional 27,056 shares during the period. Morningstar Investment Services LLC increased its position in 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 worth $13,639,000 after buying an additional 23,323 shares during the period. Dimensional Fund Advisors LP increased its position in 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 worth $535,661,000 after buying an additional 1,642,520 shares during the period. Opus Investment Management Inc. purchased a new position in Union Pacific Corp. during the fourth quarter worth $3,613,000. Finally, Stephens Inc. AR increased its position in Union Pacific Corp. by 46.0% in the fourth quarter. Stephens Inc. AR now owns 19,745 shares of the railroad operator’s stock worth $1,544,000 after buying an additional 6,217 shares during the period.
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.