1,776 Shares in Union Pacific Co. (UNP) Acquired by GAM Holding AG
GAM Holding AG purchased a new position in Union Pacific Co. (NYSE:UNP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,776 shares of the railroad operator’s stock, valued at approximately $252,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Union Pacific by 5.6% during the 1st quarter. Wells Fargo & Company MN now owns 7,889,139 shares of the railroad operator’s stock valued at $1,060,538,000 after buying an additional 421,408 shares in the last quarter. Trexquant Investment LP acquired a new position in Union Pacific during the 1st quarter valued at about $2,991,000. Jacobi Capital Management LLC increased its position in Union Pacific by 17.4% during the 1st quarter. Jacobi Capital Management LLC now owns 2,849 shares of the railroad operator’s stock valued at $379,000 after buying an additional 422 shares in the last quarter. Parametrica Management Ltd acquired a new position in Union Pacific during the 1st quarter valued at about $241,000. Finally, Conning Inc. increased its position in Union Pacific by 13.7% during the 1st quarter. Conning Inc. now owns 287,540 shares of the railroad operator’s stock valued at $38,654,000 after buying an additional 34,558 shares in the last quarter. 80.35% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Lynden L. Tennison sold 8,450 shares of the company’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total value of $1,282,034.00. Following the sale, the executive vice president now owns 53,978 shares in the company, valued at $8,189,542.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 19th. The railroad operator reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The business had revenue of $5.67 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the prior year, the company earned $1.45 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. research analysts anticipate that Union Pacific Co. will post 7.76 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, August 31st will be paid a $0.80 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, August 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.06%. Union Pacific’s dividend payout ratio is presently 55.27%.
Several brokerages recently issued reports on UNP. Cowen reaffirmed a “hold” rating and set a $151.00 target price on shares of Union Pacific in a research report on Thursday, July 19th. Robert W. Baird upped their target price on Union Pacific from $144.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, June 4th. Credit Suisse Group upped their target price on Union Pacific from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, June 1st. BMO Capital Markets upped their target price on Union Pacific from $158.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, June 1st. Finally, UBS Group increased their price objective on Union Pacific from $160.00 to $161.00 and gave the company a “buy” rating in a report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. Union Pacific currently has an average rating of “Hold” and a consensus price target of $147.35.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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