Union Pacific Corporation (NYSE:UNP) Shares Sold by Skylands Capital LLC
Skylands Capital LLC reduced its stake in shares of Union Pacific Corporation (NYSE:UNP) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 462,650 shares of the railroad operator’s stock after selling 6,400 shares during the period. Union Pacific Corporation accounts for 7.0% of Skylands Capital LLC’s holdings, making the stock its 2nd largest position. Skylands Capital LLC’s holdings in Union Pacific Corporation were worth $50,387,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in Union Pacific Corporation by 212.5% in the first quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock valued at $252,911,000 after buying an additional 1,623,701 shares during the period. American Century Companies Inc. increased its position in Union Pacific Corporation by 102.4% in the first quarter. American Century Companies Inc. now owns 2,450,688 shares of the railroad operator’s stock valued at $259,577,000 after buying an additional 1,239,636 shares during the period. Prudential Financial Inc. increased its position in Union Pacific Corporation by 82.9% in the first quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock valued at $235,547,000 after buying an additional 1,007,720 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in Union Pacific Corporation during the first quarter valued at $92,495,000. Finally, Swiss National Bank increased its position in Union Pacific Corporation by 25.9% in the first quarter. Swiss National Bank now owns 2,920,172 shares of the railroad operator’s stock valued at $309,305,000 after buying an additional 600,300 shares during the period. Institutional investors and hedge funds own 79.88% of the company’s stock.
Shares of Union Pacific Corporation (NYSE:UNP) traded up 1.79% during midday trading on Friday, hitting $104.53. The stock had a trading volume of 1,666,999 shares. The stock has a 50-day moving average price of $106.14 and a 200-day moving average price of $107.77. The stock has a market cap of $83.66 billion, a P/E ratio of 18.96 and a beta of 0.81. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.15.
Union Pacific Corporation (NYSE:UNP) last issued its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $1.17 EPS. Equities analysts forecast that Union Pacific Corporation will post $5.79 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a $0.605 dividend. This represents a $2.42 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is currently 43.84%.
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A number of brokerages recently commented on UNP. Citigroup Inc. reiterated a “buy” rating and set a $120.00 price objective on shares of Union Pacific Corporation in a research report on Monday, July 10th. Morgan Stanley reiterated an “overweight” rating and set a $102.00 price objective (up previously from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. Zacks Investment Research downgraded Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. BMO Capital Markets reiterated a “buy” rating and set a $123.00 price objective on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Finally, Cowen and Company lifted their price objective on Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $112.20.
In related news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the transaction, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at approximately $10,272,572. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company’s stock.
About Union Pacific Corporation
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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