Union Pacific Co. (NYSE:UNP) Stake Cut by Intrust Bank NA
Intrust Bank NA cut its stake in shares of Union Pacific Co. (NYSE:UNP) by 2.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 13,096 shares of the railroad operator’s stock after selling 265 shares during the period. Intrust Bank NA’s holdings in Union Pacific were worth $1,387,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Israel Discount Bank of New York GFN bought a new position in Union Pacific during the fourth quarter valued at $227,000. Putnam Investments LLC boosted its position in Union Pacific by 2.6% in the fourth quarter. Putnam Investments LLC now owns 4,481,419 shares of the railroad operator’s stock valued at $464,633,000 after buying an additional 112,418 shares during the period. Drexel Morgan & Co. boosted its position in Union Pacific by 2.3% in the fourth quarter. Drexel Morgan & Co. now owns 17,848 shares of the railroad operator’s stock valued at $1,850,000 after buying an additional 400 shares during the period. Brookfield Asset Management Inc. bought a new position in Union Pacific during the fourth quarter valued at $17,895,000. Finally, Ancora Advisors LLC bought a new position in Union Pacific during the fourth quarter valued at $4,330,000. Institutional investors own 79.20% of the company’s stock.
Union Pacific Co. (UNP) opened at 109.25 on Wednesday. The firm has a 50 day moving average of $109.31 and a 200 day moving average of $107.94. Union Pacific Co. has a 12-month low of $87.06 and a 12-month high of $115.15. The firm has a market capitalization of $88.21 billion, a P/E ratio of 20.88 and a beta of 0.83.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 27th. The railroad operator reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.09. The company had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Union Pacific had a return on equity of 21.69% and a net margin of 20.89%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 EPS. On average, analysts forecast that Union Pacific Co. will post $5.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st were paid a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Friday, May 26th. Union Pacific’s payout ratio is 46.18%.
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Several research analysts have recently weighed in on UNP shares. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price target on shares of Union Pacific in a report on Friday, March 24th. Credit Suisse Group reissued a “buy” rating and issued a $123.00 price objective on shares of Union Pacific in a research report on Friday, March 24th. BMO Capital Markets reissued a “buy” rating and issued a $115.00 price objective on shares of Union Pacific in a research report on Friday, April 7th. Loop Capital reissued a “hold” rating on shares of Union Pacific in a research report on Saturday, March 25th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $102.00 price objective (up previously from $100.00) on shares of Union Pacific in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Union Pacific presently has an average rating of “Buy” and an average target price of $110.04.
In other news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific stock in a transaction 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 sale, the executive vice president now directly owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.
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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