Union Pacific Co. (NYSE:UNP – Get Rating) announced a quarterly dividend on Thursday, May 12th, RTT News reports. Stockholders of record on Tuesday, May 31st will be paid a dividend of 1.30 per share by the railroad operator on Thursday, June 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.25%. This is a boost from Union Pacific’s previous quarterly dividend of $1.18.
Union Pacific has increased its dividend payment by an average of 11.9% per year over the last three years and has raised its dividend every year for the last 16 years. Union Pacific has a dividend payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Union Pacific to earn $12.75 per share next year, which means the company should continue to be able to cover its $4.72 annual dividend with an expected future payout ratio of 37.0%.
Shares of NYSE UNP opened at $230.76 on Friday. The firm has a 50-day simple moving average of $248.94 and a 200-day simple moving average of $246.51. The stock has a market capitalization of $144.92 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21. The company has a quick ratio of 0.58, a current ratio of 0.71 and a debt-to-equity ratio of 2.58. Union Pacific has a 52 week low of $195.68 and a 52 week high of $278.94.
Union Pacific declared that its board has approved a stock buyback plan on Thursday, February 3rd that allows the company to repurchase 100,000,000 shares. This repurchase authorization allows the railroad operator to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
A number of brokerages recently issued reports on UNP. UBS Group downgraded shares of Union Pacific from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $283.00 to $267.00 in a research note on Friday, April 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Union Pacific from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Monday, January 24th. JPMorgan Chase & Co. raised their price objective on shares of Union Pacific from $267.00 to $276.00 and gave the stock an “overweight” rating in a report on Friday, April 8th. Susquehanna Bancshares raised their price objective on shares of Union Pacific from $306.00 to $310.00 in a report on Thursday, April 7th. Finally, Raymond James raised their price objective on shares of Union Pacific from $280.00 to $285.00 and gave the stock a “strong-buy” rating in a report on Friday, April 22nd. Nine research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $267.74.
In other Union Pacific news, EVP Kenyatta G. Rocker sold 4,018 shares of the business’s stock in a transaction on Thursday, April 21st. The shares were sold at an average price of $250.00, for a total value of $1,004,500.00. Following the transaction, the executive vice president now directly owns 41,177 shares of the company’s stock, valued at approximately $10,294,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.28% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in UNP. Arena Capital Advisors LLC CA purchased a new stake in shares of Union Pacific during the 1st quarter worth $205,000. Cypress Capital Group purchased a new stake in shares of Union Pacific during the 4th quarter worth $208,000. Tobam boosted its position in shares of Union Pacific by 54.7% during the 4th quarter. Tobam now owns 984 shares of the railroad operator’s stock worth $248,000 after purchasing an additional 348 shares in the last quarter. Red Wave Investments LLC boosted its position in shares of Union Pacific by 15.5% during the 1st quarter. Red Wave Investments LLC now owns 1,013 shares of the railroad operator’s stock worth $277,000 after purchasing an additional 136 shares in the last quarter. Finally, Autumn Glory Partners LLC purchased a new stake in shares of Union Pacific during the 4th quarter worth $338,000. 80.26% of the stock is currently owned by institutional investors.
Union Pacific Company Profile (Get Rating)
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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