Carl Domino Inc Has $1.37 Million Position in Union Pacific Corporation (UNP)
Carl Domino Inc lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,610 shares of the railroad operator’s stock after selling 785 shares during the period. Union Pacific Corporation accounts for 1.6% of Carl Domino Inc’s portfolio, making the stock its 20th largest position. Carl Domino Inc’s holdings in Union Pacific Corporation were worth $1,373,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Genesee Valley Trust Co. increased its stake in Union Pacific Corporation by 21.5% in the first quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock worth $1,030,000 after buying an additional 1,724 shares during the period. Eastern Bank increased its stake in Union Pacific Corporation by 1.2% in the first quarter. Eastern Bank now owns 13,580 shares of the railroad operator’s stock worth $1,438,000 after buying an additional 158 shares during the period. British Columbia Investment Management Corp increased its stake in Union Pacific Corporation by 5.9% in the first quarter. British Columbia Investment Management Corp now owns 535,806 shares of the railroad operator’s stock worth $56,753,000 after buying an additional 29,645 shares during the period. Virtu Financial LLC bought a new stake in Union Pacific Corporation during the first quarter worth approximately $268,000. Finally, Wetherby Asset Management Inc. increased its stake in Union Pacific Corporation by 1.7% in the first quarter. Wetherby Asset Management Inc. now owns 17,888 shares of the railroad operator’s stock worth $1,895,000 after buying an additional 302 shares during the period. 78.55% of the stock is owned by institutional investors.
Union Pacific Corporation (NYSE:UNP) traded down 0.58% on Monday, hitting $104.64. 684,672 shares of the company were exchanged. The firm’s 50 day moving average is $105.10 and its 200 day moving average is $107.47. The company has a market capitalization of $83.75 billion, a P/E ratio of 18.98 and a beta of 0.81. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $115.15.
Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the firm earned $1.17 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a $0.605 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 annualized dividend and a dividend yield of 2.31%. Union Pacific Corporation’s dividend payout ratio is presently 43.84%.
UNP has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $116.00 target price on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Credit Suisse Group lifted their target price on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, May 26th. Zacks Investment Research raised shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research report on Thursday, July 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $102.00 target price (up previously from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $113.22.
In related news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $107.60, for a total value of $1,894,190.40. Following the sale, the executive vice president now directly owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by insiders.
Union Pacific Corporation Company Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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