Union Pacific Corporation (UNP) Position Lowered by Meyer Handelman Co.
Meyer Handelman Co. lowered its position in shares of Union Pacific Corporation (NYSE:UNP) by 16.0% during the second quarter, Holdings Channel reports. The institutional investor owned 18,400 shares of the railroad operator’s stock after selling 3,500 shares during the period. Meyer Handelman Co.’s holdings in Union Pacific Corporation were worth $2,004,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in UNP. State Street Corp raised 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. First Eagle Investment Management LLC raised 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. Legal & General Group Plc raised its stake in Union Pacific Corporation by 3.6% in the first quarter. Legal & General Group Plc now owns 4,365,934 shares of the railroad operator’s stock worth $462,450,000 after buying an additional 150,498 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Union Pacific Corporation by 21.6% in the first quarter. Ameriprise Financial Inc. now owns 2,996,965 shares of the railroad operator’s stock worth $317,475,000 after buying an additional 531,917 shares in the last quarter. Finally, Swiss National Bank raised its stake in Union Pacific Corporation by 25.9% in the first quarter. Swiss National Bank now owns 2,920,172 shares of the railroad operator’s stock worth $309,305,000 after buying an additional 600,300 shares in the last quarter. Institutional investors and hedge funds own 79.88% of the company’s stock.
Union Pacific Corporation (NYSE UNP) traded down 0.44% during mid-day trading on Thursday, hitting $103.31. 1,564,027 shares of the company traded hands. The stock has a market capitalization of $82.69 billion, a price-to-earnings ratio of 18.74 and a beta of 0.81. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15. The company’s 50-day moving average is $106.28 and its 200-day moving average is $107.80.
Union Pacific Corporation (NYSE:UNP) last released its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the business earned $1.17 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Analysts predict that Union Pacific Corporation will post $5.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a $0.605 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 annualized dividend and a dividend yield of 2.33%. Union Pacific Corporation’s dividend payout ratio is presently 43.84%.
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A number of equities research analysts have recently issued reports on UNP shares. Stifel Nicolaus restated a “hold” rating and set a $118.00 price target (up previously from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Tuesday, May 30th. BidaskClub lowered shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Credit Suisse Group boosted their price target on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a report on Friday, May 26th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $116.00 price target on shares of Union Pacific Corporation in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. Union Pacific Corporation presently has a consensus rating of “Hold” and an average target price of $112.20.
In related news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the transaction, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at $10,272,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by company insiders.
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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