Pendal Group Ltd Purchases 1,556 Shares of Union Pacific Co. (NYSE:UNP)
Pendal Group Ltd lifted its position in Union Pacific Co. (NYSE:UNP) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,717 shares of the railroad operator’s stock after purchasing an additional 1,556 shares during the quarter. Pendal Group Ltd’s holdings in Union Pacific were worth $8,219,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Naples Global Advisors LLC raised its position in shares of Union Pacific by 1.1% in the 1st quarter. Naples Global Advisors LLC now owns 5,734 shares of the railroad operator’s stock valued at $959,000 after acquiring an additional 60 shares during the period. Community Bank & Trust Waco Texas raised its holdings in Union Pacific by 0.3% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 22,618 shares of the railroad operator’s stock worth $3,825,000 after buying an additional 60 shares during the period. YorkBridge Wealth Partners LLC raised its holdings in Union Pacific by 2.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,614 shares of the railroad operator’s stock worth $442,000 after buying an additional 60 shares during the period. 1ST Source Bank raised its holdings in Union Pacific by 1.6% during the 2nd quarter. 1ST Source Bank now owns 3,789 shares of the railroad operator’s stock worth $641,000 after buying an additional 61 shares during the period. Finally, Weatherstone Capital Management raised its holdings in Union Pacific by 3.1% during the 1st quarter. Weatherstone Capital Management now owns 2,172 shares of the railroad operator’s stock worth $363,000 after buying an additional 66 shares during the period. 79.02% of the stock is currently owned by institutional investors and hedge funds.
In other Union Pacific news, Director William J. Delaney III bought 5,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $174.06 per share, for a total transaction of $870,300.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $870,300. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 8,620 shares of Union Pacific stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the transaction, the executive vice president now owns 94,943 shares in the company, valued at approximately $17,093,537.72. The disclosure for this sale can be found here. 9.96% of the stock is currently owned by company insiders.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter last year, the firm posted $1.98 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, research analysts predict that Union Pacific Co. will post 8.96 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio (DPR) is currently 44.50%.
Several analysts have commented on the stock. Loop Capital raised their target price on shares of Union Pacific to $191.00 in a report on Friday, July 19th. Cascend Securities downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. ValuEngine downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Credit Suisse Group set a $203.00 price target on shares of Union Pacific and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Deutsche Bank raised their price target on shares of Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $182.62.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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