Union Pacific (NYSE:UNP) had its target price decreased by BMO Capital Markets from $190.00 to $188.00 in a research note issued to investors on Friday morning, BenzingaRatingsTable reports. BMO Capital Markets currently has an outperform rating on the railroad operator’s stock.
A number of other analysts have also issued reports on UNP. Cascend Securities lowered Union Pacific from a buy rating to a hold rating in a report on Wednesday, July 17th. Cowen reaffirmed a buy rating and issued a $172.00 target price on shares of Union Pacific in a report on Thursday. Credit Suisse Group set a $203.00 target price on Union Pacific and gave the company a buy rating in a report on Friday, July 19th. Sanford C. Bernstein set a $177.00 target price on Union Pacific and gave the company a hold rating in a report on Friday, July 19th. Finally, Bank of America lowered their target price on Union Pacific from $179.00 to $167.00 and set a neutral rating on the stock in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $179.50.
UNP opened at $161.50 on Friday. The firm has a market capitalization of $115.32 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07. The stock’s 50 day moving average price is $162.50 and its two-hundred day moving average price is $168.82. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 1.35. Union Pacific has a 12-month low of $128.08 and a 12-month high of $180.54.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.07). The business had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.65 billion. Union Pacific had a net margin of 27.28% and a return on equity of 32.65%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the business earned $2.15 EPS. As a group, analysts anticipate that Union Pacific will post 8.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio (DPR) is presently 49.05%.
In other news, EVP Robert M. Knight, Jr. sold 8,620 shares of Union Pacific stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the sale, the executive vice president now owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.96% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its position in shares of Union Pacific by 3.9% during the 2nd quarter. Northern Trust Corp now owns 8,546,069 shares of the railroad operator’s stock worth $1,445,226,000 after buying an additional 318,092 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Union Pacific by 1,957.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 8,164,209 shares of the railroad operator’s stock worth $1,380,648,000 after buying an additional 7,767,384 shares during the period. Soroban Capital Partners LP lifted its position in shares of Union Pacific by 69.6% during the 2nd quarter. Soroban Capital Partners LP now owns 4,320,067 shares of the railroad operator’s stock worth $730,567,000 after buying an additional 1,772,727 shares during the period. Invesco Ltd. lifted its position in shares of Union Pacific by 106.4% during the 2nd quarter. Invesco Ltd. now owns 4,282,775 shares of the railroad operator’s stock worth $724,260,000 after buying an additional 2,207,908 shares during the period. Finally, Boston Partners lifted its position in shares of Union Pacific by 11.4% during the 2nd quarter. Boston Partners now owns 3,311,761 shares of the railroad operator’s stock worth $560,158,000 after buying an additional 338,049 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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