Union Pacific Co. (UNP) Stake Lifted by Argent Trust Co
Argent Trust Co boosted its stake in Union Pacific Co. (NYSE:UNP) by 159.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 18,731 shares of the railroad operator’s stock after buying an additional 11,517 shares during the period. Argent Trust Co’s holdings in Union Pacific were worth $2,653,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Castleark Management LLC acquired a new position in Union Pacific in the 2nd quarter valued at about $36,674,000. Bruderman Asset Management LLC grew its stake in Union Pacific by 15.0% in the 2nd quarter. Bruderman Asset Management LLC now owns 8,087 shares of the railroad operator’s stock valued at $1,146,000 after buying an additional 1,057 shares during the last quarter. DF Dent & Co. Inc. grew its stake in Union Pacific by 29.9% in the 2nd quarter. DF Dent & Co. Inc. now owns 3,705 shares of the railroad operator’s stock valued at $525,000 after buying an additional 852 shares during the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund grew its stake in Union Pacific by 10.5% in the 2nd quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 276,747 shares of the railroad operator’s stock valued at $39,210,000 after buying an additional 26,348 shares during the last quarter. Finally, Mutual Advisors LLC grew its position in shares of Union Pacific by 10.7% during the 2nd quarter. Mutual Advisors LLC now owns 5,195 shares of the railroad operator’s stock worth $736,000 after purchasing an additional 501 shares in the last quarter. Institutional investors and hedge funds own 80.45% of the company’s stock.
In other news, EVP Lynden L. Tennison sold 8,450 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the sale, the executive vice president now owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.04. Union Pacific had a net margin of 51.31% and a return on equity of 23.63%. The company had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the prior year, the firm posted $1.45 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. research analysts forecast that Union Pacific Co. will post 7.76 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, August 30th. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. Union Pacific’s dividend payout ratio is 55.27%.
A number of research analysts have issued reports on the stock. Deutsche Bank restated a “hold” rating on shares of Union Pacific in a research report on Friday, September 7th. ValuEngine lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Bank of America increased their target price on shares of Union Pacific from $158.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, UBS Group increased their target price on shares of Union Pacific from $160.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the stock. Union Pacific currently has a consensus rating of “Hold” and a consensus price target of $147.35.
Union Pacific 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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