Traders Sell Shares of Union Pacific Corp. (UNP) on Strength (UNP)
Traders sold shares of Union Pacific Corp. (NYSE:UNP) on strength during trading hours on Friday. $58.99 million flowed into the stock on the tick-up and $85.21 million flowed out of the stock on the tick-down, for a money net flow of $26.22 million out of the stock. Of all equities tracked, Union Pacific Corp. had the 9th highest net out-flow for the day. Union Pacific Corp. traded up $1.92 for the day and closed at $92.85
UNP has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating on shares of Union Pacific Corp. in a report on Saturday, April 23rd. Vetr upgraded shares of Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $95.69 price objective for the company in a report on Monday, April 25th. Citigroup Inc. upped their price objective on shares of Union Pacific Corp. from $83.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, April 22nd. Deutsche Bank AG reiterated a “buy” rating on shares of Union Pacific Corp. in a report on Tuesday, April 12th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $81.00 price objective (down from $85.00) on shares of Union Pacific Corp. in a report on Monday, April 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. Union Pacific Corp. currently has an average rating of “Hold” and an average price target of $92.21.
The company’s 50 day moving average is $89.08 and its 200-day moving average is $82.17. The company has a market cap of $78.09 billion and a price-to-earnings ratio of 17.34.
Union Pacific Corp. (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 21st. The railroad operator reported $1.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.17. The business earned $4.77 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the prior year, the firm earned $1.38 EPS. The business’s revenue for the quarter was down 12.1% on a year-over-year basis. Equities analysts anticipate that Union Pacific Corp. will post $5.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders 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 2.37%. The ex-dividend date of this dividend was Thursday, May 26th.
In other Union Pacific Corp. news, EVP Diane K. Duren sold 2,500 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $85.46, for a total value of $213,650.00. Following the completion of the sale, the executive vice president now owns 131,541 shares of the company’s stock, valued at approximately $11,241,493.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Several institutional investors have recently modified their holdings of the stock. Marco Investment Management LLC boosted its position in shares of Union Pacific Corp. by 199.1% in the fourth quarter. Marco Investment Management LLC now owns 40,647 shares of the railroad operator’s stock valued at $3,179,000 after buying an additional 27,056 shares during the last quarter. Morningstar Investment Services LLC boosted its position in shares of Union Pacific Corp. by 15.4% in the fourth quarter. Morningstar Investment Services LLC now owns 174,415 shares of the railroad operator’s stock valued at $13,639,000 after buying an additional 23,323 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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 valued at $535,661,000 after buying an additional 1,642,520 shares during the last quarter. Opus Investment Management Inc. purchased a new position in shares of Union Pacific Corp. during the fourth quarter valued at approximately $3,613,000. Finally, Stephens Inc. AR boosted its position in shares of Union Pacific Corp. by 46.0% in the fourth quarter. Stephens Inc. AR now owns 19,745 shares of the railroad operator’s stock valued at $1,544,000 after buying an additional 6,217 shares during the last quarter.
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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