Municipal Employees Retirement System of Michigan Increases Holdings in Union Pacific Corporation (UNP)
Municipal Employees Retirement System of Michigan raised its position in Union Pacific Corporation (NYSE:UNP) by 27.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 33,770 shares of the railroad operator’s stock after acquiring an additional 7,180 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Union Pacific Corporation were worth $3,678,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Advantage Investment Management LLC grew its stake in Union Pacific Corporation by 263.7% in the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock valued at $101,000 after acquiring an additional 691 shares during the period. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Union Pacific Corporation by 96.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock valued at $108,000 after purchasing an additional 501 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Union Pacific Corporation by 36.3% in the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock valued at $111,000 after purchasing an additional 274 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Union Pacific Corporation by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after purchasing an additional 686 shares in the last quarter. Finally, Ullmann Financial Group Inc. bought a new position in shares of Union Pacific Corporation in the first quarter valued at approximately $122,000. 78.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Union Pacific Corporation (NYSE UNP) opened at 113.40 on Friday. The firm has a 50 day moving average price of $105.02 and a 200 day moving average price of $107.33. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $115.15. The company has a market capitalization of $90.76 billion, a price-to-earnings ratio of 20.57 and a beta of 0.81.
Union Pacific Corporation (NYSE:UNP) last issued its earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $5.19 billion. During the same period last year, the business posted $1.17 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. Equities analysts forecast that Union Pacific Corporation will post $5.79 EPS for the current year.
The firm also recently announced 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. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 annualized dividend and a yield of 2.13%. Union Pacific Corporation’s dividend payout ratio is 43.84%.
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In other news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $10,272,572. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company’s stock.
A number of research analysts have recently weighed in on the company. BMO Capital Markets restated a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a report on Friday. Royal Bank Of Canada restated a “hold” rating and issued a $116.00 target price 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 target price on the stock in a report on Tuesday, May 30th. Credit Suisse Group raised their target price on Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a report on Friday, May 26th. Finally, Morgan Stanley restated an “overweight” rating and issued a $102.00 target price (up previously from $100.00) on shares of Union Pacific Corporation in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $113.22.
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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