Navellier & Associates Inc Decreases Stake in Union Pacific Co. (UNP)
Navellier & Associates Inc reduced its holdings in Union Pacific Co. (NYSE:UNP) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,200 shares of the railroad operator’s stock after selling 2,800 shares during the period. Navellier & Associates Inc’s holdings in Union Pacific were worth $4,160,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Union Pacific by 1.9% in the second quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock worth $6,698,588,000 after buying an additional 1,146,109 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Union Pacific by 0.3% in the second quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock worth $5,528,796,000 after buying an additional 141,521 shares in the last quarter. FMR LLC lifted its stake in shares of Union Pacific by 84.6% in the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after buying an additional 4,399,980 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Union Pacific by 0.6% in the second quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock worth $865,659,000 after buying an additional 46,298 shares in the last quarter. Finally, Capital World Investors lifted its stake in shares of Union Pacific by 0.7% in the second quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock worth $798,093,000 after buying an additional 50,000 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on UNP. Barclays reissued a “buy” rating and issued a $150.00 price target on shares of Union Pacific in a research note on Wednesday. BidaskClub raised shares of Union Pacific from a “strong sell” rating to a “sell” rating in a research note on Friday, August 18th. Royal Bank of Canada reaffirmed a “hold” rating and set a $115.00 target price on shares of Union Pacific in a research note on Friday, August 25th. J P Morgan Chase & Co lifted their target price on shares of Union Pacific from $106.00 to $113.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Finally, Stifel Nicolaus lifted their target price on shares of Union Pacific from $118.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $120.00.
Shares of Union Pacific Co. (NYSE:UNP) traded down $1.14 on Friday, hitting $129.17. 4,570,300 shares of the company’s stock were exchanged, compared to its average volume of 3,610,271. Union Pacific Co. has a 1-year low of $101.06 and a 1-year high of $132.39. The firm has a market capitalization of $102,575.96, a PE ratio of 23.02, a PEG ratio of 2.11 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period last year, the business earned $1.36 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. equities analysts forecast that Union Pacific Co. will post 5.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.665 per share. The ex-dividend date is Wednesday, November 29th. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.06%. Union Pacific’s dividend payout ratio (DPR) is currently 47.00%.
About Union Pacific
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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