Union Pacific Corporation (UNP) Shares Sold by Commonwealth Bank of Australia
Commonwealth Bank of Australia lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 27.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 675,343 shares of the railroad operator’s stock after selling 252,933 shares during the period. Commonwealth Bank of Australia owned approximately 0.08% of Union Pacific Corporation worth $73,549,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of UNP. Haverford Trust Co. lifted its stake in Union Pacific Corporation by 0.5% during the 1st quarter. Haverford Trust Co. now owns 53,489 shares of the railroad operator’s stock valued at $5,666,000 after acquiring an additional 244 shares during the period. Montecito Bank & Trust lifted its stake in Union Pacific Corporation by 20.0% during the 1st quarter. Montecito Bank & Trust now owns 8,065 shares of the railroad operator’s stock valued at $854,000 after acquiring an additional 1,344 shares during the period. Lincoln National Corp lifted its stake in Union Pacific Corporation by 49.8% during the 1st quarter. Lincoln National Corp now owns 12,007 shares of the railroad operator’s stock valued at $1,272,000 after acquiring an additional 3,991 shares during the period. Karp Capital Management Corp bought a new position in Union Pacific Corporation during the 1st quarter valued at about $43,185,000. Finally, Smith Salley & Associates lifted its stake in Union Pacific Corporation by 704.8% during the 1st quarter. Smith Salley & Associates now owns 52,346 shares of the railroad operator’s stock valued at $5,544,000 after acquiring an additional 45,842 shares during the period. Institutional investors and hedge funds own 79.66% of the company’s stock.
UNP has been the topic of several research analyst reports. Zacks Investment Research cut shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Aegis cut shares of Union Pacific Corporation from a “buy” rating to a “hold” rating and upped their target price for the company from $120.00 to $122.00 in a research note on Tuesday, October 10th. Off Wall Street initiated coverage on shares of Union Pacific Corporation in a research note on Tuesday, October 17th. They set a “sell” rating on the stock. BMO Capital Markets upped their target price on shares of Union Pacific Corporation from $123.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Finally, Loop Capital increased their price objective on shares of Union Pacific Corporation from $118.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $117.59.
Shares of Union Pacific Corporation (NYSE:UNP) opened at $116.57 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83. Union Pacific Corporation has a fifty-two week low of $97.48 and a fifty-two week high of $119.71. The stock has a market cap of $91,760.00, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87.
Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Union Pacific Corporation had a net margin of 21.84% and a return on equity of 23.35%. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period last year, the firm posted $1.36 EPS. The company’s revenue was up 4.5% on a year-over-year basis. equities research analysts anticipate that Union Pacific Corporation will post 5.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.665 per share. This is a positive change from Union Pacific Corporation’s previous quarterly dividend of $0.61. This represents a $2.66 dividend on an annualized basis and a yield of 2.28%. Union Pacific Corporation’s dividend payout ratio (DPR) is 42.83%.
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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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