Court Place Advisors LLC Sells 40 Shares of Union Pacific Corporation (UNP)
Court Place Advisors LLC decreased its position in shares of Union Pacific Corporation (NYSE:UNP) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,466 shares of the railroad operator’s stock after selling 40 shares during the period. Court Place Advisors LLC’s holdings in Union Pacific Corporation were worth $813,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Genesee Valley Trust Co. boosted its position in shares of 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 last quarter. Eastern Bank boosted its position in shares of 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 last quarter. Virtu Financial LLC bought a new position in shares of Union Pacific Corporation during the first quarter worth about $268,000. Wetherby Asset Management Inc. boosted its position in shares of 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 last quarter. Finally, ING Groep NV boosted its position in shares of Union Pacific Corporation by 225.6% in the first quarter. ING Groep NV now owns 41,594 shares of the railroad operator’s stock worth $4,406,000 after buying an additional 28,818 shares during the last quarter. Institutional investors and hedge funds own 79.94% of the company’s stock.
Shares of Union Pacific Corporation (NYSE:UNP) traded down 0.110% during mid-day trading on Tuesday, hitting $104.615. The company had a trading volume of 1,185,842 shares. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $115.15. The company has a 50-day moving average price of $105.93 and a 200-day moving average price of $107.67. The company has a market capitalization of $83.73 billion, a price-to-earnings ratio of 18.973 and a beta of 0.81.
Union Pacific Corporation (NYSE:UNP) last issued its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. The company had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. On average, equities analysts anticipate that Union Pacific Corporation will post $5.79 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a $0.605 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a yield of 2.31%. Union Pacific Corporation’s dividend payout ratio (DPR) is 43.84%.
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A number of research analysts have issued reports on UNP shares. BidaskClub cut Union Pacific Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $116.00 price objective on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Zacks Investment Research upgraded Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Thursday, July 13th. Morgan Stanley reiterated an “overweight” rating and set a $102.00 price objective (up previously from $100.00) on shares of Union Pacific Corporation in a research note on Monday, July 10th. Finally, Credit Suisse Group boosted their price target on Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $112.10.
In related news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the transaction, the executive vice president now owns 95,470 shares in the company, valued at approximately $10,272,572. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.
About Union Pacific Corporation
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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