Union Pacific Corporation (UNP) Stake Decreased by Gulf International Bank UK Ltd
Gulf International Bank UK Ltd cut its stake in Union Pacific Corporation (NYSE:UNP) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 255,076 shares of the railroad operator’s stock after selling 3,456 shares during the period. Gulf International Bank UK Ltd’s holdings in Union Pacific Corporation were worth $27,780,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Genesee Valley Trust Co. increased its stake in shares of Union Pacific Corporation by 21.5% in the first quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock valued at $1,030,000 after buying an additional 1,724 shares during the last quarter. Eastern Bank boosted its position in shares of Union Pacific Corporation by 1.2% in the first quarter. Eastern Bank now owns 13,580 shares of the railroad operator’s stock valued at $1,438,000 after buying an additional 158 shares during the period. Virtu Financial LLC purchased a new position in shares of Union Pacific Corporation during the first quarter valued at about $268,000. Wetherby Asset Management Inc. boosted its position in shares of Union Pacific Corporation by 1.7% in the first quarter. Wetherby Asset Management Inc. now owns 17,888 shares of the railroad operator’s stock valued at $1,895,000 after buying an additional 302 shares during the period. Finally, ING Groep NV boosted its position in shares of Union Pacific Corporation by 225.6% in the first quarter. ING Groep NV now owns 41,594 shares of the railroad operator’s stock valued at $4,406,000 after buying an additional 28,818 shares during the period. Hedge funds and other institutional investors own 79.88% of the company’s stock.
Shares of Union Pacific Corporation (NYSE:UNP) traded down 0.44% during mid-day trading on Thursday, reaching $103.31. The company’s stock had a trading volume of 1,564,027 shares. The company 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 1-year low of $87.06 and a 1-year high of $115.15. The firm’s 50 day moving average price is $106.28 and its 200-day moving average price is $107.80.
Union Pacific Corporation (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. Union Pacific Corporation’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. On average, analysts predict that Union Pacific Corporation will post $5.79 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.
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UNP has been the topic of several research analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $118.00 price objective (up previously from $112.00) on shares of Union Pacific Corporation in a research note on Monday, July 24th. Zacks Investment Research raised Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Tuesday, May 30th. BidaskClub cut Union Pacific Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Credit Suisse Group increased their price objective on Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $116.00 target price on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $112.20.
In other 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 transaction, the executive vice president now owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.
Union Pacific Corporation 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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