Stratos Wealth Partners LTD. Buys 1,304 Shares of Union Pacific Corporation (UNP)
Stratos Wealth Partners LTD. grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 7.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,724 shares of the railroad operator’s stock after buying an additional 1,304 shares during the period. Stratos Wealth Partners LTD.’s holdings in Union Pacific Corporation were worth $1,930,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in UNP. Waldron LP increased its position in Union Pacific Corporation by 52.7% during the first quarter. Waldron LP now owns 3,920 shares of the railroad operator’s stock worth $406,000 after buying an additional 1,353 shares in the last quarter. Russell Investments Group Ltd. increased its position in Union Pacific Corporation by 33.2% during the first quarter. Russell Investments Group Ltd. now owns 1,521,475 shares of the railroad operator’s stock worth $161,139,000 after buying an additional 379,592 shares in the last quarter. First Midwest Bank Trust Division grew its position in shares of Union Pacific Corporation by 4.0% in the first quarter. First Midwest Bank Trust Division now owns 6,535 shares of the railroad operator’s stock valued at $692,000 after purchasing an additional 250 shares during the period. Breton Hill Capital Ltd. purchased a new stake in shares of Union Pacific Corporation in the first quarter valued at $307,000. Finally, Schmidt P J Investment Management Inc. grew its position in shares of Union Pacific Corporation by 9.4% in the first quarter. Schmidt P J Investment Management Inc. now owns 45,893 shares of the railroad operator’s stock valued at $4,861,000 after purchasing an additional 3,943 shares during the period. 78.38% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on the company. Citigroup Inc. downgraded Union Pacific Corporation from a “buy” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research report on Wednesday. BMO Capital Markets reaffirmed a “buy” rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a research report on Friday, August 11th. Wolfe Research downgraded Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, August 7th. Morgan Stanley downgraded Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $102.00 to $100.00 in a research report on Monday, October 2nd. Finally, BidaskClub raised Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $113.26.
Union Pacific Corporation (NYSE UNP) opened at 113.95 on Friday. The company has a 50 day moving average price of $109.95 and a 200 day moving average price of $108.16. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $116.93. The firm has a market cap of $91.20 billion, a PE ratio of 20.67 and a beta of 0.84.
Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the company earned $1.17 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Union Pacific Corporation will post $5.77 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is 43.84%.
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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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