Enterprise Financial Services Corp Sells 40 Shares of Union Pacific Corporation (UNP)
Enterprise Financial Services Corp trimmed its position in shares of Union Pacific Corporation (NYSE:UNP) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,617 shares of the railroad operator’s stock after selling 40 shares during the quarter. Enterprise Financial Services Corp’s holdings in Union Pacific Corporation were worth $176,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in UNP. AQR Capital Management LLC boosted its stake in shares of Union Pacific Corporation by 212.5% during the first quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock valued at $252,911,000 after purchasing an additional 1,623,701 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Union Pacific Corporation by 102.4% during the first quarter. American Century Companies Inc. now owns 2,450,688 shares of the railroad operator’s stock valued at $259,577,000 after purchasing an additional 1,239,636 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Union Pacific Corporation by 11,520.3% during the second quarter. Harbour Capital Advisors LLC now owns 1,127,981 shares of the railroad operator’s stock valued at $10,357,000 after purchasing an additional 1,118,274 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Union Pacific Corporation by 82.9% during the first quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock valued at $235,547,000 after purchasing an additional 1,007,720 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Union Pacific Corporation during the first quarter valued at about $92,495,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the company. BidaskClub raised Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 18th. Stifel Nicolaus reissued a “hold” rating and set a $118.00 price target (up from $112.00) on shares of Union Pacific Corporation in a research note on Monday, July 24th. Morgan Stanley lowered Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $102.00 to $100.00 in a research note on Monday. Zacks Investment Research lowered Union Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Citigroup Inc. reissued a “buy” rating and set a $120.00 price target on shares of Union Pacific Corporation in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $113.26.
Shares of Union Pacific Corporation (UNP) opened at 114.02 on Friday. The firm has a 50-day moving average price of $109.64 and a 200-day moving average price of $108.10. Union Pacific Corporation has a one year low of $87.06 and a one year high of $116.93. The company has a market capitalization of $91.26 billion, a P/E ratio of 20.68 and a beta of 0.84.
Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the business posted $1.17 EPS. The business’s revenue was up 10.1% on a year-over-year basis. Equities analysts forecast that Union Pacific Corporation will post $5.78 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were issued a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 2.12%. The ex-dividend date was Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is currently 43.84%.
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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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