Traders Buy Shares of Union Pacific Corp. (UNP) on Weakness on Insider Selling
Traders bought shares of Union Pacific Corp. (NYSE:UNP) on weakness during trading hours on Thursday following insider selling activity. $113.21 million flowed into the stock on the tick-up and $43.96 million flowed out of the stock on the tick-down, for a money net flow of $69.25 million into the stock. Of all companies tracked, Union Pacific Corp. had the 4th highest net in-flow for the day. Union Pacific Corp. traded down ($0.63) for the day and closed at $95.91Specifically, EVP Cameron A. Scott sold 6,484 shares of the stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $98.44, for a total value of $638,284.96. Following the completion of the sale, the executive vice president now directly owns 71,320 shares in the company, valued at $7,020,740.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 value of $485,000.00. Following the completion of the sale, the executive vice president now owns 150,660 shares of the company’s stock, valued at $14,614,020. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
Several research analysts have recently issued reports on UNP shares. Argus restated a “buy” rating and issued a $100.00 price objective on shares of Union Pacific Corp. in a research note on Monday, July 25th. Howard Weil cut Union Pacific Corp. to a “sector perform” rating in a research note on Tuesday, June 21st. Atlantic Securities started coverage on Union Pacific Corp. in a research note on Thursday, August 11th. They issued an “overweight” rating and a $114.00 price objective for the company. Morgan Stanley set a $100.00 price objective on Union Pacific Corp. and gave the stock a “buy” rating in a research note on Thursday, August 18th. Finally, Vetr upgraded Union Pacific Corp. from a “sell” rating to a “hold” rating and set a $90.68 price objective for the company in a research note on Thursday, July 21st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $96.12.
The firm has a market cap of $80.58 billion, a P/E ratio of 18.84 and a beta of 0.84. The company’s 50 day moving average price is $95.40 and its 200-day moving average price is $89.30.
Union Pacific Corp. (NYSE:UNP) last issued its earnings results 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 business earned $4.77 billion during the quarter, compared to the consensus estimate of $4.80 billion. Union Pacific Corp. had a return on equity of 21.29% and a net margin of 21.48%. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.38 EPS. Analysts expect that Union Pacific Corp. will post $5.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Monday, August 29th. Union Pacific Corp.’s dividend payout ratio (DPR) is 42.80%.
Several institutional investors have recently modified their holdings of UNP. Delphi Private Advisors LLC boosted its stake in Union Pacific Corp. by 0.8% in the second quarter. Delphi Private Advisors LLC now owns 1,547 shares of the railroad operator’s stock worth $135,000 after buying an additional 13 shares in the last quarter. First Financial Bank N.A. Trust Division boosted its stake in Union Pacific Corp. by 0.5% in the third quarter. First Financial Bank N.A. Trust Division now owns 3,489 shares of the railroad operator’s stock worth $340,000 after buying an additional 18 shares in the last quarter. Motco boosted its stake in Union Pacific Corp. by 1.2% in the second quarter. Motco now owns 1,731 shares of the railroad operator’s stock worth $151,000 after buying an additional 21 shares in the last quarter. MCF Advisors LLC boosted its stake in Union Pacific Corp. by 1.2% in the second quarter. MCF Advisors LLC now owns 1,782 shares of the railroad operator’s stock worth $155,000 after buying an additional 21 shares in the last quarter. Finally, Blue Chip Partners Inc. boosted its stake in Union Pacific Corp. by 0.3% in the second quarter. Blue Chip Partners Inc. now owns 7,678 shares of the railroad operator’s stock worth $670,000 after buying an additional 24 shares in the last quarter. 78.14% of the stock is owned by institutional investors and hedge funds.
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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