Waldron Private Wealth LLC lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 10.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,158 shares of the railroad operator’s stock after selling 499 shares during the quarter. Waldron Private Wealth LLC’s holdings in Union Pacific were worth $703,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in UNP. Camarda Financial Advisors LLC increased its holdings in shares of Union Pacific by 673.7% in the 1st quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock valued at $25,000 after acquiring an additional 128 shares during the period. Squar Milner Financial Services LLC increased its holdings in shares of Union Pacific by 368.6% in the 1st quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 129 shares during the period. Mackey Komara & Dankovich LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at $29,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at $30,000. Finally, Manchester Financial Inc. acquired a new position in shares of Union Pacific in the 2nd quarter valued at $39,000. 79.02% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $17,093,537.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Delaney III acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $174.06 per share, for a total transaction of $870,300.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $870,300. The disclosure for this purchase can be found here. 9.96% of the stock is currently owned by insiders.
Shares of NYSE UNP traded up $3.07 during trading on Tuesday, hitting $168.74. 1,615,951 shares of the company were exchanged, compared to its average volume of 3,571,146. The stock has a market cap of $118.37 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 1.88 and a beta of 1.04. Union Pacific Co. has a 1 year low of $128.08 and a 1 year high of $180.54. The stock has a fifty day moving average price of $171.53. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.72.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping the consensus estimate of $2.12 by $0.10. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The business’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.98 EPS. As a group, sell-side analysts forecast that Union Pacific Co. will post 8.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a dividend of $0.97 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s payout ratio is presently 44.50%.
A number of equities analysts have recently commented on the stock. BMO Capital Markets lifted their target price on shares of Union Pacific to $190.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Cowen reiterated a “buy” rating and issued a $184.00 price objective on shares of Union Pacific in a research report on Thursday, July 18th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $190.00 to $170.00 in a research report on Thursday, June 13th. Atlantic Securities upgraded shares of Union Pacific from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $175.00 to $195.00 in a research report on Friday, July 26th. Finally, Loop Capital lifted their price objective on shares of Union Pacific to $191.00 in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. Union Pacific currently has a consensus rating of “Buy” and an average price target of $182.62.
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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