Union Pacific Corp. (UNP) Shares Sold by Huntington National Bank
Huntington National Bank cut its position in Union Pacific Corp. (NYSE:UNP) by 27.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 167,349 shares of the railroad operator’s stock after selling 63,752 shares during the period. Huntington National Bank’s holdings in Union Pacific Corp. were worth $14,601,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Papp L Roy & Associates purchased a new stake in Union Pacific Corp. during the second quarter worth $381,000. CG Asset Management LLC bought a new stake in Union Pacific Corp. during the second quarter worth about $584,000. Community Bank & Trust Waco Texas raised its stake in Union Pacific Corp. by 0.5% in the second quarter. Community Bank & Trust Waco Texas now owns 23,452 shares of the railroad operator’s stock worth $2,046,000 after buying an additional 109 shares during the last quarter. First National Trust Co. raised its stake in Union Pacific Corp. by 7.6% in the second quarter. First National Trust Co. now owns 21,124 shares of the railroad operator’s stock worth $1,843,000 after buying an additional 1,500 shares during the last quarter. Finally, ING Groep NV bought a new stake in Union Pacific Corp. during the second quarter worth about $8,891,000. Institutional investors and hedge funds own 78.14% of the company’s stock.
Shares of Union Pacific Corp. (NYSE:UNP) traded down 0.82% during trading on Wednesday, hitting $95.75. 2,495,506 shares of the stock traded hands. Union Pacific Corp. has a one year low of $67.06 and a one year high of $98.84. The firm has a 50 day moving average price of $95.37 and a 200-day moving average price of $89.20. The company has a market cap of $79.75 billion, a PE ratio of 18.64 and a beta of 0.84.
Union Pacific Corp. (NYSE:UNP) last released its quarterly earnings data on Thursday, July 21st. The railroad operator reported $1.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.17. Union Pacific Corp. had a net margin of 21.48% and a return on equity of 21.29%. 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 business earned $1.38 EPS. Union Pacific Corp.’s quarterly revenue was down 12.1% compared to the same quarter last year. Analysts anticipate that Union Pacific Corp. will post $5.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Monday, August 29th. Union Pacific Corp.’s payout ratio is presently 42.80%.
A number of equities research analysts recently issued reports on the company. Vertical Research assumed coverage on Union Pacific Corp. in a research note on Tuesday. They issued a “hold” rating on the stock. Zacks Investment Research raised Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Tuesday, October 4th. Vetr lowered Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $89.88 target price on the stock. in a research note on Wednesday, September 21st. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $106.00 target price on shares of Union Pacific Corp. in a research note on Tuesday, September 13th. Finally, Citigroup Inc. set a $106.00 target price on Union Pacific Corp. and gave the company a “buy” rating in a research note on Tuesday, September 13th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $96.12.
In related news, EVP Robert M. Knight, Jr. sold 10,000 shares of Union Pacific Corp. stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $95.24, for a total value of $952,400.00. Following the completion of the sale, the executive vice president now owns 150,660 shares of the company’s stock, valued at approximately $14,348,858.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Cameron A. Scott sold 6,484 shares of Union Pacific Corp. stock in a transaction on Friday, October 7th. The shares were sold at an average price of $98.44, for a total transaction of $638,284.96. Following the completion of the sale, the executive vice president now directly owns 71,320 shares of the company’s stock, valued at approximately $7,020,740.80. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.
About Union Pacific Corp.
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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