BlueCrest Capital Management Ltd Acquires 10,580 Shares of Union Pacific Corporation (UNP)
BlueCrest Capital Management Ltd raised its stake in shares of Union Pacific Corporation (NYSE:UNP) by 105.8% during the first quarter, Holdings Channel reports. The institutional investor owned 20,580 shares of the railroad operator’s stock after buying an additional 10,580 shares during the period. BlueCrest Capital Management Ltd’s holdings in Union Pacific Corporation were worth $2,180,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of 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 valued at $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 valued at $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 valued at $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 valued at $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 valued at $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 (UNP) traded up 0.86% during mid-day trading on Friday, hitting $103.57. 3,340,923 shares of the stock traded hands. The company has a 50 day moving average of $106.03 and a 200-day moving average of $107.74. The stock has a market cap of $82.90 billion, a PE ratio of 18.78 and a beta of 0.81. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.15.
Union Pacific Corporation (NYSE:UNP) last announced its earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 EPS. Equities research analysts forecast that Union Pacific Corporation will post $5.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a $0.605 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.34%. Union Pacific Corporation’s payout ratio is 43.84%.
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Several research firms recently commented on UNP. Stifel Nicolaus reiterated a “hold” rating and set 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 upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Tuesday, May 30th. BidaskClub lowered shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Credit Suisse Group boosted their price objective on shares of 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, Deutsche Bank AG lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $132.00 to $110.00 in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Union Pacific Corporation presently has a consensus rating of “Hold” and an average target price of $112.10.
In other news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation 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 directly owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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