Investors Sell Union Pacific Corp. (UNP) on Strength (UNP)
Traders sold shares of Union Pacific Corp. (NYSE:UNP) on strength during trading hours on Friday. $39.87 million flowed into the stock on the tick-up and $73.43 million flowed out of the stock on the tick-down, for a money net flow of $33.56 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 $1.18 for the day and closed at $93.85
A number of equities research analysts have commented on UNP shares. Scotiabank cut Union Pacific Corp. from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $93.00 to $88.00 in a report on Monday, June 20th. BMO Capital Markets reissued an “outperform” rating and set a $100.00 price target on shares of Union Pacific Corp. in a report on Thursday, July 7th. Royal Bank Of Canada reissued a “buy” rating on shares of Union Pacific Corp. in a report on Saturday, April 23rd. Morgan Stanley reissued an “equal weight” rating and set a $78.00 price target (up from $73.00) on shares of Union Pacific Corp. in a report on Friday, April 22nd. Finally, Vetr cut Union Pacific Corp. from a “strong-buy” rating to a “buy” rating and set a $89.42 price target on the stock. in a report on Wednesday, April 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $92.08.
The firm has a market capitalization of $78.17 billion and a P/E ratio of 18.27. The company has a 50-day moving average price of $90.43 and a 200 day moving average price of $83.38.
Union Pacific Corp. (NYSE:UNP) last released its quarterly earnings data on Thursday, July 21st. The railroad operator reported $1.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.17. The business earned $4.77 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter in the previous year, the company posted $1.38 EPS. The firm’s revenue was down 12.1% on a year-over-year basis. On average, analysts forecast that Union Pacific Corp. will post $5.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be paid a $0.55 dividend. The ex-dividend date is Monday, August 29th. This represents a $2.20 annualized dividend and a dividend yield of 2.34%.
In other 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 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 accessible through this link.
Other hedge funds have recently bought and sold shares of the company. Seizert Capital Partners LLC boosted its stake in Union Pacific Corp. by 17.9% in the fourth quarter. Seizert Capital Partners LLC now owns 274,422 shares of the railroad operator’s stock valued at $21,460,000 after buying an additional 41,628 shares during the period. Argus Investors Counsel Inc. boosted its stake in Union Pacific Corp. by 3.0% in the fourth quarter. Argus Investors Counsel Inc. now owns 50,710 shares of the railroad operator’s stock valued at $3,966,000 after buying an additional 1,500 shares during the period. Garcia Hamilton & Associates LP DE boosted its stake in Union Pacific Corp. by 2.3% in the fourth quarter. Garcia Hamilton & Associates LP DE now owns 14,610 shares of the railroad operator’s stock valued at $1,143,000 after buying an additional 331 shares during the period. Columbia Asset Management boosted its stake in Union Pacific Corp. by 17.8% in the fourth quarter. Columbia Asset Management now owns 21,825 shares of the railroad operator’s stock valued at $1,707,000 after buying an additional 3,302 shares during the period. Finally, Baxter Bros Inc. boosted its stake in Union Pacific Corp. by 12.9% in the fourth quarter. Baxter Bros Inc. now owns 105,876 shares of the railroad operator’s stock valued at $8,280,000 after buying an additional 12,122 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.