Traders Sell Union Pacific Corp. (UNP) on Strength (UNP)
Investors sold shares of Union Pacific Corp. (NYSE:UNP) on strength during trading hours on Tuesday. $47.09 million flowed into the stock on the tick-up and $82.15 million flowed out of the stock on the tick-down, for a money net flow of $35.06 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 $0.39 for the day and closed at $92.89
A number of research firms have recently issued reports on UNP. Vetr downgraded shares of Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $91.00 price objective for the company. in a report on Monday, August 8th. Credit Agricole SA began coverage on shares of Union Pacific Corp. in a research report on Thursday, May 19th. They issued a “sell” rating and a $79.00 target price on the stock. Zacks Investment Research upgraded shares of Union Pacific Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 25th. Oppenheimer Holdings Inc. began coverage on shares of Union Pacific Corp. in a research report on Wednesday, June 15th. They issued a “market perform” rating on the stock. Finally, Citigroup Inc. lifted their target price on shares of Union Pacific Corp. from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, April 22nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $93.09.
The stock has a market capitalization of $77.37 billion and a PE ratio of 18.09. The stock has a 50 day moving average price of $91.65 and a 200 day moving average price of $84.67.
Union Pacific Corp. (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 21st. The railroad operator reported $1.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.17. The firm earned $4.77 billion during the quarter, compared to analysts’ expectations of $4.80 billion. The firm’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS. Equities analysts anticipate that Union Pacific Corp. will post $5.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, August 29th.
In other news, EVP Diane K. Duren sold 2,500 shares of Union Pacific Corp. 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 owns 131,541 shares of the company’s stock, valued at approximately $11,241,493.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Other hedge funds recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in Union Pacific Corp. by 7.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 13,370 shares of the railroad operator’s stock worth $1,046,000 after buying an additional 950 shares during the period. Bragg Financial Advisors Inc boosted its stake in Union Pacific Corp. by 290.3% in the fourth quarter. Bragg Financial Advisors Inc now owns 14,755 shares of the railroad operator’s stock worth $1,154,000 after buying an additional 10,975 shares during the period. Condor Capital Management boosted its stake in Union Pacific Corp. by 1.6% in the fourth quarter. Condor Capital Management now owns 17,191 shares of the railroad operator’s stock worth $1,344,000 after buying an additional 266 shares during the period. Hikari Tsushin Inc. bought a new stake in Union Pacific Corp. during the fourth quarter worth approximately $1,447,000. Finally, Stephens Inc. AR boosted its stake 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.
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