Union Pacific Co. (UNP) Stake Lowered by Capital Guardian Trust Co.
Capital Guardian Trust Co. decreased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 60.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,575 shares of the railroad operator’s stock after selling 288,559 shares during the quarter. Capital Guardian Trust Co.’s holdings in Union Pacific were worth $20,647,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. L & S Advisors Inc boosted its stake in Union Pacific by 43.8% in the second quarter. L & S Advisors Inc now owns 15,429 shares of the railroad operator’s stock worth $1,680,000 after buying an additional 4,696 shares in the last quarter. Salem Investment Counselors Inc. boosted its stake in Union Pacific by 2.2% in the second quarter. Salem Investment Counselors Inc. now owns 5,026 shares of the railroad operator’s stock worth $547,000 after buying an additional 106 shares in the last quarter. Miles Capital Inc. boosted its stake in Union Pacific by 2.7% in the second quarter. Miles Capital Inc. now owns 2,282 shares of the railroad operator’s stock worth $249,000 after buying an additional 59 shares in the last quarter. Sun Life Financial INC boosted its stake in Union Pacific by 12,525.5% in the second quarter. Sun Life Financial INC now owns 5,934 shares of the railroad operator’s stock worth $646,000 after buying an additional 5,887 shares in the last quarter. Finally, Institute for Wealth Management LLC. purchased a new stake in Union Pacific in the second quarter worth approximately $689,000. 78.63% of the stock is owned by institutional investors.
UNP has been the subject of several research reports. BMO Capital Markets reaffirmed a “buy” rating on shares of Union Pacific in a research note on Friday, October 20th. Argus upped their target price on Union Pacific from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Wednesday, November 1st. Morgan Stanley lowered Union Pacific from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $102.00 to $100.00 in a research note on Monday, October 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 target price on shares of Union Pacific in a research note on Friday, August 25th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company. Union Pacific presently has a consensus rating of “Hold” and an average target price of $118.53.
Union Pacific Co. (NYSE UNP) traded up $0.65 during trading hours on Friday, hitting $129.11. The stock had a trading volume of 3,575,771 shares, compared to its average volume of 3,810,760. The stock has a market capitalization of $101,631.39, a price-to-earnings ratio of 22.81, a PEG ratio of 2.09 and a beta of 0.90. Union Pacific Co. has a 52-week low of $101.06 and a 52-week high of $132.00. 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 data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The firm had revenue of $5.41 billion during 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 business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share. equities research analysts forecast that Union Pacific Co. will post 5.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Wednesday, November 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio is 47.00%.
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Union Pacific Company 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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