Koshinski Asset Management Inc. Acquires Shares of 3,243 Union Pacific Corporation (UNP)
Koshinski Asset Management Inc. acquired a new stake in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,243 shares of the railroad operator’s stock, valued at approximately $353,000.
Several other hedge funds have also recently added to or reduced their stakes in UNP. 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 purchasing an additional 691 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in 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 during the last quarter. Proficio Capital Partners LLC grew its stake in 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 during the last quarter. SRS Capital Advisors Inc. grew its stake in 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 during the last quarter. Finally, Ullmann Financial Group Inc. purchased a new position in Union Pacific Corporation in the first quarter valued at about $122,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.
Shares of Union Pacific Corporation (NYSE UNP) traded up 0.34% during midday trading on Thursday, reaching $115.39. The company had a trading volume of 1,307,348 shares. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $115.59. The stock has a market capitalization of $92.36 billion, a PE ratio of 20.93 and a beta of 0.81. The company’s 50 day moving average price is $105.56 and its 200 day moving average price is $107.35.
Union Pacific Corporation (NYSE:UNP) last released 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 the consensus estimate of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. Equities research analysts expect that Union Pacific Corporation will post $5.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a dividend of $0.605 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a yield of 2.10%. Union Pacific Corporation’s dividend payout ratio is presently 43.84%.
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In related news, EVP Cameron A. Scott sold 17,604 shares of the firm’s 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 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 at this link. Company insiders own 0.20% of the company’s stock.
Several research firms have issued reports on UNP. Robert W. Baird reiterated a “hold” rating and issued a $116.00 target price on shares of Union Pacific Corporation in a research note on Sunday. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a research note on Friday, September 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $116.00 target price on shares of Union Pacific Corporation in a research note 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 research note on Tuesday, May 30th. Finally, Credit Suisse Group lifted their target price on Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, May 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $113.38.
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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