Union Pacific Corp. (UNP) Shares Gap Up to $87.44
Shares of Union Pacific Corp. (NYSE:UNP) gapped up before the market opened on Thursday . The stock had previously closed at $87.26, but opened at $87.44. Union Pacific Corp. shares last traded at $87.81, with a volume of 2,405,997 shares traded.
A number of brokerages recently commented on UNP. Royal Bank Of Canada reissued a “buy” rating on shares of Union Pacific Corp. in a research note on Saturday, April 23rd. Vetr raised Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $95.69 price target for the company in a research note on Monday, April 25th. Stephens increased their price target on Union Pacific Corp. from $91.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. Oppenheimer Holdings Inc. began coverage on Union Pacific Corp. in a research note on Wednesday, June 15th. They set a “market perform” rating for the company. Finally, 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 research note on Friday, April 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. Union Pacific Corp. has a consensus rating of “Buy” and an average price target of $91.72.
The firm has a 50 day moving average price of $85.96 and a 200-day moving average price of $81.03. The firm has a market capitalization of $74.04 billion and a PE ratio of 16.44.
Union Pacific Corp. (NYSE:UNP) last released its quarterly earnings data on Thursday, April 21st. The railroad operator reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.06. The business earned $4.83 billion during the quarter, compared to analyst estimates of $4.99 billion. The company’s revenue was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 earnings per share. Equities analysts expect that Union Pacific Corp. will post $5.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Tuesday, May 31st were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Thursday, May 26th.
In related news, EVP Diane K. Duren sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $85.46, for a total value of $213,650.00. Following the transaction, the executive vice president now directly owns 131,541 shares in the company, valued at $11,241,493.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of hedge funds and institutional investors have added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Union Pacific Corp. by 31.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,849,725 shares of the railroad operator’s stock worth $535,661,000 after buying an additional 1,642,520 shares in the last quarter. American Century Companies Inc. boosted its position in Union Pacific Corp. by 48.8% in the fourth quarter. American Century Companies Inc. now owns 4,344,611 shares of the railroad operator’s stock worth $339,749,000 after buying an additional 1,425,673 shares during the period. Harris Associates L P boosted its position in Union Pacific Corp. by 12.1% in the fourth quarter. Harris Associates L P now owns 10,701,236 shares of the railroad operator’s stock worth $836,837,000 after buying an additional 1,154,271 shares during the period. EdgePoint Investment Group Inc. boosted its position in Union Pacific Corp. by 54.0% in the fourth quarter. EdgePoint Investment Group Inc. now owns 2,758,771 shares of the railroad operator’s stock worth $215,736,000 after buying an additional 967,221 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Union Pacific Corp. by 5,446.0% in the fourth quarter. Victory Capital Management Inc. now owns 559,813 shares of the railroad operator’s stock worth $43,777,000 after buying an additional 549,719 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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