Pacer Advisors Inc. increased its stake in Union Pacific Co. (NYSE:UNP) by 10.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 76,424 shares of the railroad operator’s stock after purchasing an additional 7,321 shares during the quarter. Pacer Advisors Inc.’s holdings in Union Pacific were worth $12,379,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in UNP. FMR LLC increased its stake in Union Pacific by 29.1% during the 1st quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock valued at $2,712,416,000 after purchasing an additional 3,653,756 shares in the last quarter. Northern Trust Corp increased its stake in Union Pacific by 3.9% during the 2nd quarter. Northern Trust Corp now owns 8,546,069 shares of the railroad operator’s stock valued at $1,445,226,000 after purchasing an additional 318,092 shares in the last quarter. Nuveen Asset Management LLC increased its stake in 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 valued at $1,380,648,000 after purchasing an additional 7,767,384 shares in the last quarter. Soroban Capital Partners LP increased its stake in 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 valued at $730,567,000 after purchasing an additional 1,772,727 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Union Pacific by 106.4% during the 2nd quarter. Invesco Ltd. now owns 4,282,775 shares of the railroad operator’s stock valued at $724,260,000 after purchasing an additional 2,207,908 shares in the last quarter. Institutional investors own 77.77% of the company’s stock.
In other news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the sale, the executive vice president now owns 94,943 shares in the company, valued at approximately $17,093,537.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.96% of the company’s stock.
Shares of NYSE UNP traded up $2.54 during trading on Thursday, hitting $155.77. The stock had a trading volume of 3,409,505 shares, compared to its average volume of 3,563,947. Union Pacific Co. has a 12 month low of $128.08 and a 12 month high of $180.54. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.72 and a quick ratio of 0.58. The company has a market capitalization of $109.84 billion, a PE ratio of 19.69, a PEG ratio of 1.75 and a beta of 1.07. The firm has a fifty day moving average of $162.69 and a two-hundred day moving average of $168.91.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the business posted $1.98 EPS. The business’s revenue was down 1.3% compared to the same quarter last year. On average, equities analysts expect that Union Pacific Co. will post 8.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $0.97 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date was Thursday, August 29th. This represents a $3.88 annualized dividend and a dividend yield of 2.49%. Union Pacific’s dividend payout ratio is presently 49.05%.
UNP has been the subject of a number of recent research reports. Morgan Stanley decreased their price target on shares of Union Pacific from $140.00 to $138.00 and set an “underweight” rating for the company in a research note on Monday. Deutsche Bank boosted their price target on shares of Union Pacific from $197.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $190.00 to $170.00 in a research note on Thursday, June 13th. Atlantic Securities upgraded shares of Union Pacific from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $175.00 to $195.00 in a research note on Friday, July 26th. Finally, Cowen restated a “buy” rating and set a $184.00 price target on shares of Union Pacific in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $182.15.
Union Pacific Profile
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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