Union Pacific Co. (UNP) Shares Sold by Sawgrass Asset Management LLC
Sawgrass Asset Management LLC trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 1.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,170 shares of the railroad operator’s stock after selling 2,880 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Union Pacific were worth $18,533,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp boosted its stake in shares of Union Pacific by 15.5% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock valued at $109,803,000 after buying an additional 134,950 shares during the period. Community Bank N.A. boosted its stake in shares of Union Pacific by 3.0% in the 2nd quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock valued at $168,000 after buying an additional 45 shares during the period. Northeast Investment Management boosted its stake in shares of Union Pacific by 2.8% in the 2nd quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock valued at $30,305,000 after buying an additional 7,663 shares during the period. Barings LLC boosted its stake in shares of Union Pacific by 357.1% in the 1st quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock valued at $5,104,000 after buying an additional 37,643 shares during the period. Finally, Greystone Managed Investments Inc. boosted its stake in shares of Union Pacific by 8.9% in the 2nd quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock valued at $9,161,000 after buying an additional 6,890 shares during the period. Institutional investors own 78.64% of the company’s stock.
Several equities analysts have recently issued reports on UNP shares. Argus lifted their price objective on Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. BMO Capital Markets restated a “buy” rating on shares of Union Pacific in a research note on Friday, October 20th. Morgan Stanley cut Union Pacific from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $102.00 to $100.00 in a research note on Monday, October 2nd. Royal Bank Of Canada restated a “hold” rating and set a $124.00 target price on shares of Union Pacific in a research note on Thursday, November 9th. Finally, Wolfe Research cut Union Pacific from an “outperform” rating to a “market perform” rating in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Union Pacific has an average rating of “Hold” and a consensus price target of $118.53.
Union Pacific Co. (UNP) traded down $1.94 on Friday, reaching $124.62. The company’s stock had a trading volume of 4,790,000 shares, compared to its average volume of 2,988,755. The firm has a market capitalization of $99,576.85, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. Union Pacific Co. has a 52 week low of $101.06 and a 52 week high of $127.86. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.97 and a current ratio of 1.16.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, topping the consensus estimate of $1.49 by $0.01. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 earnings per share. sell-side analysts predict that Union Pacific Co. will post 5.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s payout ratio is presently 47.00%.
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Union Pacific 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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