Traders Buy Union Pacific (UNP) on Weakness
Traders bought shares of Union Pacific Co. (NYSE:UNP) on weakness during trading hours on Wednesday. $147.77 million flowed into the stock on the tick-up and $70.45 million flowed out of the stock on the tick-down, for a money net flow of $77.32 million into the stock. Of all companies tracked, Union Pacific had the 4th highest net in-flow for the day. Union Pacific traded down ($0.06) for the day and closed at $127.95
Several research firms have recently issued reports on UNP. BMO Capital Markets reaffirmed a “buy” rating and issued a $123.00 price objective on shares of Union Pacific in a research note on Friday, August 11th. BidaskClub upgraded Union Pacific from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price target on shares of Union Pacific in a report on Friday, August 25th. J P Morgan Chase & Co increased their price target on Union Pacific from $106.00 to $113.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Stifel Nicolaus increased their price target on Union Pacific from $118.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, August 18th. 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. The stock presently has a consensus rating of “Hold” and an average target price of $118.53.
The firm has a market cap of $102,394.91, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 0.97.
Union Pacific (NYSE:UNP) last released its quarterly earnings data 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 the consensus estimate of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. Union Pacific’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business posted $1.36 EPS. analysts expect that Union Pacific Co. will post 5.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.665 per share. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, November 29th. Union Pacific’s dividend payout ratio (DPR) is presently 47.00%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC increased its holdings in shares of Union Pacific 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 acquiring an additional 274 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Union Pacific by 46.6% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock valued at $117,000 after acquiring an additional 340 shares during the period. Ullmann Financial Group Inc. purchased a new position in shares of Union Pacific in the 1st quarter valued at $122,000. SRS Capital Advisors Inc. increased its holdings in shares of Union Pacific 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 acquiring an additional 686 shares during the period. Finally, Delta Asset Management LLC TN increased its holdings in shares of Union Pacific by 6.8% in the 2nd quarter. Delta Asset Management LLC TN now owns 1,183 shares of the railroad operator’s stock valued at $129,000 after acquiring an additional 75 shares during the period. Institutional investors own 78.63% of the company’s stock.
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About Union Pacific
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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