Whittier Trust Co. of Nevada Inc. Boosts Position in Union Pacific Corp. (UNP)
Whittier Trust Co. of Nevada Inc. raised its stake in Union Pacific Corp. (NYSE:UNP) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,410 shares of the railroad operator’s stock after buying an additional 40 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Union Pacific Corp. were worth $1,170,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Community Bank N.A. boosted its position in shares of Union Pacific Corp. by 41.9% in the second quarter. Community Bank N.A. now owns 1,422 shares of the railroad operator’s stock valued at $124,000 after buying an additional 420 shares during the period. Arcadia Investment Management Corp MI boosted its position in shares of Union Pacific Corp. by 164.4% in the second quarter. Arcadia Investment Management Corp MI now owns 1,507 shares of the railroad operator’s stock valued at $131,000 after buying an additional 937 shares during the period. Gilman Hill Asset Management LLC acquired a new position in shares of Union Pacific Corp. during the second quarter valued at about $200,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Union Pacific Corp. during the second quarter valued at about $201,000. Finally, Pioneer Trust Bank N A OR acquired a new position in shares of Union Pacific Corp. during the second quarter valued at about $210,000. 78.14% of the stock is owned by hedge funds and other institutional investors.
Shares of Union Pacific Corp. (NYSE:UNP) traded down 0.50% during midday trading on Wednesday, reaching $96.06. 2,021,778 shares of the company traded hands. Union Pacific Corp. has a 12 month low of $67.06 and a 12 month high of $98.84. The stock has a market capitalization of $80.01 billion, a price-to-earnings ratio of 18.70 and a beta of 0.84. The company’s 50 day moving average is $95.37 and its 200-day moving average is $89.20.
Union Pacific Corp. (NYSE:UNP) last issued 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 firm had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Union Pacific Corp. had a net margin of 21.48% and a return on equity of 21.29%. The firm’s revenue was down 12.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.38 EPS. Equities research analysts forecast 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. The ex-dividend date of this dividend was Monday, August 29th. This represents a $2.20 dividend on an annualized basis and a yield of 2.28%. Union Pacific Corp.’s payout ratio is 42.80%.
A number of research analysts have weighed in on the stock. Vetr raised shares of Union Pacific Corp. from a “sell” rating to a “hold” rating and set a $91.25 price objective for the company in a report on Monday, September 12th. Oppenheimer Holdings Inc. assumed coverage on shares of Union Pacific Corp. in a report on Wednesday, June 15th. They issued a “market perform” rating for the company. Howard Weil cut shares of Union Pacific Corp. to a “sector perform” rating in a report on Tuesday, June 21st. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $106.00 price objective on shares of Union Pacific Corp. in a report on Tuesday, September 13th. Finally, Vertical Research assumed coverage on shares of Union Pacific Corp. in a report on Tuesday. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $96.12.
In related news, EVP Cameron A. Scott sold 6,484 shares of the stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $98.44, for a total value of $638,284.96. Following 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $97.00, for a total transaction of $485,000.00. Following the completion of the sale, the executive vice president now directly owns 150,660 shares in the company, valued at $14,614,020. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.
Union Pacific Corp. Company Profile
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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