Scott & Selber Inc. Grows Stock Position in Union Pacific Co. (NYSE:UNP)
Scott & Selber Inc. increased its holdings in Union Pacific Co. (NYSE:UNP) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,390 shares of the railroad operator’s stock after buying an additional 344 shares during the period. Scott & Selber Inc.’s holdings in Union Pacific were worth $2,433,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Camarda Financial Advisors LLC lifted its holdings in Union Pacific by 673.7% in the 1st quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 128 shares in the last quarter. Squar Milner Financial Services LLC increased its stake in shares of Union Pacific by 368.6% during the 1st quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 129 shares during the last quarter. Mackey Komara & Dankovich LLC acquired a new position in shares of Union Pacific during the 1st quarter valued at about $29,000. Manchester Financial Inc. acquired a new position in shares of Union Pacific during the 2nd quarter valued at about $39,000. Finally, Investors Research Corp acquired a new position in shares of Union Pacific during the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 79.02% of the company’s stock.
In other Union Pacific news, Director William J. Delaney III bought 5,000 shares of Union Pacific stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $174.06 per share, for a total transaction of $870,300.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $870,300. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert M. Knight, Jr. sold 8,620 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 94,943 shares of the company’s stock, valued at $17,093,537.72. The disclosure for this sale can be found here. Corporate insiders own 9.96% of the company’s stock.
NYSE:UNP traded up $3.14 during trading hours on Tuesday, hitting $168.81. The stock had a trading volume of 139,149 shares, compared to its average volume of 3,571,146. The company has a market capitalization of $118.37 billion, a P/E ratio of 21.35, a PEG ratio of 1.88 and a beta of 1.04. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.72. The firm has a 50 day simple moving average of $171.53. Union Pacific Co. has a 1-year low of $128.08 and a 1-year high of $180.54.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The business’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.98 EPS. As a group, equities research analysts expect that Union Pacific Co. will post 8.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.97 per share. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s dividend payout ratio is 44.50%.
About Union Pacific
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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