Investors Purchase High Volume of Union Pacific Call Options (UNP)
Union Pacific Co. (NYSE:UNP) was the target of unusually large options trading on Tuesday. Traders bought 506,841 call options on the company. This represents an increase of approximately 4,181% compared to the typical daily volume of 11,839 call options.
A number of institutional investors and hedge funds have recently made changes to their positions in UNP. FMR LLC boosted its stake in shares of Union Pacific by 84.6% during the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after acquiring an additional 4,399,980 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Union Pacific by 990.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,243,574 shares of the railroad operator’s stock worth $244,339,000 after acquiring an additional 2,037,834 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Union Pacific by 88.7% during the 2nd quarter. Voya Investment Management LLC now owns 4,060,423 shares of the railroad operator’s stock worth $442,221,000 after acquiring an additional 1,908,175 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Union Pacific by 59.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock worth $519,785,000 after acquiring an additional 1,776,644 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Union Pacific by 88.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,558,005 shares of the railroad operator’s stock worth $412,622,000 after acquiring an additional 1,670,095 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors.
Shares of Union Pacific (NYSE:UNP) opened at $124.86 on Friday. Union Pacific has a twelve month low of $101.06 and a twelve month high of $143.05. The firm has a market capitalization of $98,290.00, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 1.66 and a beta of 0.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 2.34%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s payout ratio is currently 19.69%.
UNP has been the topic of a number of research analyst reports. UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. BMO Capital Markets reiterated a “buy” rating and set a $150.00 target price on shares of Union Pacific in a research report on Monday, January 8th. Royal Bank of Canada reiterated a “hold” rating and set a $124.00 target price on shares of Union Pacific in a research report on Thursday, November 9th. Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Goldman Sachs Group started coverage on Union Pacific in a report on Monday, November 13th. They set a “sell” rating and a $103.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $130.40.
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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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