Earnest Partners LLC Sells 37,122 Shares of Union Pacific Corporation (UNP)
Earnest Partners LLC cut its position in Union Pacific Corporation (NYSE:UNP) by 17.1% during the first quarter, Holdings Channel reports. The firm owned 180,382 shares of the railroad operator’s stock after selling 37,122 shares during the period. Earnest Partners LLC’s holdings in Union Pacific Corporation were worth $19,106,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of UNP. State Street Corp increased its stake in shares of Union Pacific Corporation by 0.4% in the first quarter. State Street Corp now owns 34,686,206 shares of the railroad operator’s stock worth $3,673,956,000 after buying an additional 127,803 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Union Pacific Corporation by 2.8% in the first quarter. First Eagle Investment Management LLC now owns 5,956,119 shares of the railroad operator’s stock worth $630,872,000 after buying an additional 163,532 shares during the period. Legal & General Group Plc increased its stake in shares of Union Pacific Corporation by 3.6% in the first quarter. Legal & General Group Plc now owns 4,365,934 shares of the railroad operator’s stock worth $462,450,000 after buying an additional 150,498 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Union Pacific Corporation by 21.6% in the first quarter. Ameriprise Financial Inc. now owns 2,996,965 shares of the railroad operator’s stock worth $317,475,000 after buying an additional 531,917 shares during the period. Finally, Swiss National Bank increased its stake in shares of Union Pacific Corporation by 25.9% in the first quarter. Swiss National Bank now owns 2,920,172 shares of the railroad operator’s stock worth $309,305,000 after buying an additional 600,300 shares during the period. 79.88% of the stock is owned by institutional investors and hedge funds.
Shares of Union Pacific Corporation (NYSE UNP) traded up 0.86% during trading on Friday, hitting $103.57. The stock had a trading volume of 3,340,923 shares. The firm has a market cap of $82.90 billion, a price-to-earnings ratio of 18.78 and a beta of 0.81. The stock has a 50-day moving average of $106.03 and a 200 day moving average of $107.74. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.15.
Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the Thomson Reuters’ 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 revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 earnings per share. On average, analysts predict that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.605 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 annualized dividend and a yield of 2.34%. Union Pacific Corporation’s dividend payout ratio is presently 43.84%.
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UNP has been the subject of a number of recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $118.00 target price (up from $112.00) on shares of Union Pacific Corporation in a research note on Monday, July 24th. Zacks Investment Research raised Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Tuesday, May 30th. BidaskClub downgraded Union Pacific Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Credit Suisse Group raised their target price 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. Finally, Deutsche Bank AG downgraded Union Pacific Corporation from a “buy” rating to a “hold” rating and cut their target price for the stock from $132.00 to $110.00 in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $112.10.
In other news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.
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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