Union Pacific Corporation (UNP) is Catawba Capital Management VA’s 6th Largest Position
Catawba Capital Management VA cut its stake in Union Pacific Corporation (NYSE:UNP) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,919 shares of the railroad operator’s stock after selling 5,882 shares during the period. Union Pacific Corporation makes up approximately 1.8% of Catawba Capital Management VA’s holdings, making the stock its 6th biggest position. Catawba Capital Management VA’s holdings in Union Pacific Corporation were worth $7,942,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of UNP. Advantage Investment Management LLC raised its stake in shares of Union Pacific Corporation by 263.7% in the 1st quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock valued at $101,000 after buying an additional 691 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised its stake in shares of Union Pacific Corporation by 96.3% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock valued at $108,000 after buying an additional 501 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Union Pacific Corporation by 36.3% in the 1st quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock valued at $111,000 after buying an additional 274 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Union Pacific Corporation by 147.2% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after buying an additional 686 shares in the last quarter. Finally, Ullmann Financial Group Inc. acquired a new position in shares of Union Pacific Corporation in the 1st quarter valued at $122,000. 78.56% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on UNP shares. Stifel Nicolaus restated 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 upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research report on Tuesday, May 30th. BidaskClub cut shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Credit Suisse Group increased their target price on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, May 26th. Finally, Royal Bank Of Canada reiterated 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 research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. Union Pacific Corporation presently has a consensus rating of “Hold” and a consensus price target of $113.22.
Shares of Union Pacific Corporation (NYSE UNP) traded up 2.29% on Friday, reaching $113.40. 8,269,901 shares of the company’s stock were exchanged. The stock has a market cap of $90.76 billion, a P/E ratio of 20.57 and a beta of 0.81. The company’s 50 day moving average price is $105.02 and its 200-day moving average price is $107.33. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $115.15.
Union Pacific Corporation (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 EPS. Equities analysts forecast that Union Pacific Corporation will post $5.79 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is 43.84%.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the transaction, the executive vice president now directly owns 95,470 shares in the company, valued at approximately $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 corporate insiders.
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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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