Eqis Capital Management Inc. Sells 2,641 Shares of Union Pacific Corporation (UNP)
Eqis Capital Management Inc. lessened its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 29.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,237 shares of the railroad operator’s stock after selling 2,641 shares during the quarter. Eqis Capital Management Inc.’s holdings in Union Pacific Corporation were worth $679,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Advantage Investment Management LLC grew its position in Union Pacific Corporation by 263.7% in the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock worth $101,000 after acquiring an additional 691 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its stake in shares of Union Pacific Corporation by 96.3% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock worth $108,000 after purchasing an additional 501 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Union Pacific Corporation by 36.3% during the 1st quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock worth $111,000 after purchasing an additional 274 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Union Pacific Corporation by 147.2% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock worth $122,000 after purchasing an additional 686 shares during the last quarter. Finally, Ullmann Financial Group Inc. acquired a new position in shares of Union Pacific Corporation during the 1st quarter worth $122,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Union Pacific Corporation (UNP) traded down 1.16% on Monday, hitting $114.62. 1,403,030 shares of the stock were exchanged. Union Pacific Corporation has a one year low of $87.06 and a one year high of $116.93. The firm has a market capitalization of $91.74 billion, a PE ratio of 20.79 and a beta of 0.84. The company has a 50-day moving average price of $105.56 and a 200-day moving average price of $107.35.
Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion for 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 business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. Equities research analysts expect that Union Pacific Corporation will post $5.78 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.605 per share. The ex-dividend date was Tuesday, August 29th. This represents a $2.42 annualized dividend and a dividend yield of 2.09%. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.
UNP has been the topic of a number of recent research reports. Morgan Stanley downgraded shares of 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 report on Monday. Robert W. Baird reiterated a “hold” rating and issued a $116.00 price objective on shares of Union Pacific Corporation in a report on Sunday, September 17th. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a report on Friday, September 15th. Royal Bank Of Canada reissued a “hold” rating and set a $115.00 target price on shares of Union Pacific Corporation in a research report on Friday, August 25th. Finally, Stifel Nicolaus increased their target price on shares of Union Pacific Corporation from $118.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $113.26.
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In other news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the completion of the transaction, the executive vice president now directly owns 95,470 shares in the company, valued at approximately $10,272,572. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.
Union Pacific Corporation 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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