1,453 Shares in Union Pacific Co. (UNP) Acquired by Summit X LLC
Summit X LLC bought a new stake in Union Pacific Co. (NYSE:UNP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,453 shares of the railroad operator’s stock, valued at approximately $205,000.
Several other large investors have also recently added to or reduced their stakes in UNP. Janus Henderson Group PLC grew its stake in shares of Union Pacific by 55.7% in the second quarter. Janus Henderson Group PLC now owns 5,526,282 shares of the railroad operator’s stock valued at $782,980,000 after buying an additional 1,977,446 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of Union Pacific by 13,209.2% in the second quarter. OppenheimerFunds Inc. now owns 1,922,773 shares of the railroad operator’s stock valued at $272,420,000 after buying an additional 1,908,326 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Union Pacific in the second quarter valued at $192,080,000. Fred Alger Management Inc. grew its stake in shares of Union Pacific by 89.6% in the second quarter. Fred Alger Management Inc. now owns 2,791,161 shares of the railroad operator’s stock valued at $395,452,000 after buying an additional 1,319,274 shares in the last quarter. Finally, Putnam Investments LLC grew its stake in shares of Union Pacific by 44.9% in the second quarter. Putnam Investments LLC now owns 2,554,019 shares of the railroad operator’s stock valued at $361,853,000 after buying an additional 791,990 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.
In other Union Pacific news, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total value of $1,282,034.00. Following the transaction, the executive vice president now owns 53,978 shares in the company, valued at $8,189,542.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of Union Pacific stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $163.81, for a total value of $3,276,200.00. Following the completion of the transaction, the executive vice president now owns 106,518 shares in the company, valued at approximately $17,448,713.58. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.04. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The company had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. sell-side analysts predict that Union Pacific Co. will post 7.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 31st will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Thursday, August 30th. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. Union Pacific’s payout ratio is 55.27%.
Several research firms recently weighed in on UNP. Morgan Stanley raised their target price on shares of Union Pacific from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Friday, June 1st. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a report on Wednesday, September 19th. UBS Group raised their price target on Union Pacific from $161.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, September 20th. Cowen reaffirmed a “market perform” rating and set a $153.00 price target (up previously from $140.00) on shares of Union Pacific in a report on Friday, June 1st. Finally, Loop Capital raised Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. Union Pacific has an average rating of “Hold” and a consensus target price of $152.86.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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