Union Pacific Corporation (NYSE:UNP) Downgraded to “Hold” at Deutsche Bank AG
Other equities research analysts also recently issued reports about the company. BMO Capital Markets reiterated a buy rating and issued a $123.00 price target on shares of Union Pacific Corporation in a report on Friday, June 2nd. Zacks Investment Research upgraded Union Pacific Corporation from a hold rating to a buy rating and set a $122.00 price target for the company in a report on Tuesday, May 30th. Credit Suisse Group AG boosted their price target on Union Pacific Corporation from $129.00 to $131.00 and gave the company a buy rating in a report on Friday, May 26th. Citigroup Inc. reiterated a buy rating on shares of Union Pacific Corporation in a report on Thursday, March 30th. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $116.00 price target on shares of Union Pacific Corporation in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $110.04.
Union Pacific Corporation (NYSE:UNP) traded down 1.22% during midday trading on Friday, hitting $104.85. The stock had a trading volume of 5,562,563 shares. The company has a 50-day moving average price of $109.11 and a 200-day moving average price of $107.92. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.15. The company has a market cap of $84.66 billion, a price-to-earnings ratio of 20.04 and a beta of 0.83.
Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the business earned $1.17 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts anticipate that Union Pacific Corporation will post $5.78 EPS for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st were given a dividend of $0.605 per share. The ex-dividend date was Friday, May 26th. This represents a $2.42 dividend on an annualized basis and a yield of 2.31%. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.
In other news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the sale, the executive vice president now owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of UNP. State Street Corp increased its stake in Union Pacific Corporation by 0.4% in the first quarter. State Street Corp now owns 34,686,206 shares of the railroad operator’s stock worth $3,673,956,000 after buying an additional 127,803 shares in the last quarter. Dodge & Cox purchased a new stake in Union Pacific Corporation during the fourth quarter worth approximately $1,452,729,000. Franklin Resources Inc. increased its stake in Union Pacific Corporation by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 12,251,103 shares of the railroad operator’s stock worth $1,270,194,000 after buying an additional 279,775 shares in the last quarter. Norges Bank purchased a new stake in Union Pacific Corporation during the fourth quarter worth approximately $841,976,000. Finally, First Eagle Investment Management LLC increased its stake in Union Pacific Corporation by 2.8% in the first quarter. First Eagle Investment Management LLC now owns 5,956,119 shares of the railroad operator’s stock worth $630,872,000 after buying an additional 163,532 shares in the last quarter. 79.20% of the stock is currently owned by institutional investors.
About Union Pacific Corporation
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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