Union Pacific Corp. (UNP) Shares Sold by Eagle Ridge Investment Management
Eagle Ridge Investment Management reduced its position in Union Pacific Corp. (NYSE:UNP) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,982 shares of the railroad operator’s stock after selling 174 shares during the period. Eagle Ridge Investment Management’s holdings in Union Pacific Corp. were worth $347,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Community Bank N.A. raised its stake in shares of Union Pacific Corp. by 41.9% in the second quarter. Community Bank N.A. now owns 1,422 shares of the railroad operator’s stock worth $124,000 after buying an additional 420 shares in the last quarter. Arcadia Investment Management Corp MI raised its stake in Union Pacific Corp. by 164.4% in the second quarter. Arcadia Investment Management Corp MI now owns 1,507 shares of the railroad operator’s stock valued at $131,000 after buying an additional 937 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Union Pacific Corp. during the second quarter valued at $201,000. Pioneer Trust Bank N A OR purchased a new stake in Union Pacific Corp. during the second quarter valued at $210,000. Finally, Brookstone Capital Management purchased a new stake in Union Pacific Corp. during the second quarter valued at $220,000. Hedge funds and other institutional investors own 78.12% of the company’s stock.
Union Pacific Corp. (NYSE:UNP) traded down 0.60% during trading on Friday, hitting $92.38. The stock had a trading volume of 5,185,704 shares. The firm’s 50-day moving average price is $94.09 and its 200-day moving average price is $87.14. Union Pacific Corp. has a 52-week low of $67.06 and a 52-week high of $98.28. The company has a market cap of $76.94 billion, a price-to-earnings ratio of 17.99 and a beta of 0.92.
Union Pacific Corp. (NYSE:UNP) last issued its earnings results on Thursday, July 21st. The railroad operator reported $1.17 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.17. The company earned $4.77 billion during the quarter, compared to analyst estimates of $4.80 billion. Union Pacific Corp. had a return on equity of 21.29% and a net margin of 21.48%. The firm’s quarterly revenue was down 12.1% on a year-over-year basis. During the same quarter last year, the business posted $1.38 EPS. Analysts predict that Union Pacific Corp. will post $5.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be paid a $0.55 dividend. The ex-dividend date is Monday, August 29th. This represents a $2.20 dividend on an annualized basis and a yield of 2.38%. Union Pacific Corp.’s dividend payout ratio (DPR) is 42.80%.
UNP has been the topic of several research reports. Morgan Stanley upgraded Union Pacific Corp. from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $78.00 to $90.00 in a research report on Friday, June 3rd. Vetr lowered Union Pacific Corp. from a “buy” rating to a “hold” rating and set a $89.24 price target on the stock. in a research report on Monday, June 6th. Oppenheimer Holdings Inc. initiated coverage on Union Pacific Corp. in a research report on Wednesday, June 15th. They set a “market perform” rating on the stock. Scotiabank lowered Union Pacific Corp. from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $93.00 to $88.00 in a research report on Monday, June 20th. Finally, Howard Weil lowered Union Pacific Corp. to a “sector perform” rating in a research report on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. Union Pacific Corp. has an average rating of “Hold” and a consensus target price of $95.62.
In related news, EVP Robert M. Knight, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $95.24, for a total value of $952,400.00. Following the completion of the transaction, the executive vice president now owns 150,660 shares in the company, valued at approximately $14,348,858.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $97.00, for a total value of $485,000.00. Following the completion of the transaction, the executive vice president now owns 150,660 shares of the company’s stock, valued at approximately $14,614,020. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
About Union Pacific Corp.
Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.
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