Oakworth Capital Inc. Sells 200 Shares of Union Pacific Co. (UNP)
Oakworth Capital Inc. lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,251 shares of the railroad operator’s stock after selling 200 shares during the period. Oakworth Capital Inc.’s holdings in Union Pacific were worth $768,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in UNP. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Union Pacific during the fourth quarter valued at approximately $116,000. Cable Hill Partners LLC raised its stake in Union Pacific by 6.1% in the first quarter. Cable Hill Partners LLC now owns 1,130 shares of the railroad operator’s stock valued at $119,000 after buying an additional 65 shares in the last quarter. Northwest Quadrant Wealth Management LLC acquired a new stake in Union Pacific during the fourth quarter valued at approximately $135,000. Massey Quick & Co. LLC acquired a new stake in Union Pacific during the fourth quarter valued at approximately $137,000. Finally, American National Bank raised its stake in Union Pacific by 757.5% in the first quarter. American National Bank now owns 1,432 shares of the railroad operator’s stock valued at $152,000 after buying an additional 1,265 shares in the last quarter. 79.43% of the stock is owned by institutional investors and hedge funds.
Union Pacific Co. (NYSE UNP) opened at 109.75 on Friday. Union Pacific Co. has a 1-year low of $81.96 and a 1-year high of $115.15. The firm has a market cap of $88.62 billion, a price-to-earnings ratio of 20.98 and a beta of 0.71. The firm has a 50-day moving average of $109.89 and a 200 day moving average of $106.86.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 27th. The railroad operator reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.09. Union Pacific had a net margin of 21.23% and a return on equity of 20.88%. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Analysts expect that Union Pacific Co. will post $5.74 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st will be paid a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, May 26th. Union Pacific’s payout ratio is currently 47.64%.
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Several research firms recently commented on UNP. Royal Bank of Canada reissued a “hold” rating and set a $116.00 target price on shares of Union Pacific in a research note on Friday, June 2nd. BMO Capital Markets reissued a “buy” rating and set a $123.00 target price on shares of Union Pacific in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Tuesday, May 30th. Loop Capital reissued a “hold” rating and set a $96.00 target price on shares of Union Pacific in a research note on Wednesday, February 22nd. Finally, Credit Suisse Group AG increased their target price on shares of Union Pacific from $129.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, May 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $108.85.
Union Pacific Company Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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