Valeo Financial Advisors LLC acquired a new position in shares of Union Pacific Co. (NYSE:UNP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,833 shares of the railroad operator’s stock, valued at approximately $1,759,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Lenox Wealth Advisors LLC bought a new position in Union Pacific in the 2nd quarter worth about $105,000. Landaas & Co. WI ADV bought a new position in shares of Union Pacific during the 2nd quarter valued at about $133,000. Ballew Advisors Inc bought a new position in shares of Union Pacific during the 1st quarter valued at about $145,000. Exane Derivatives increased its position in shares of Union Pacific by 85.1% during the 2nd quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock valued at $155,000 after purchasing an additional 504 shares during the last quarter. Finally, Brand Asset Management Group Inc. bought a new position in shares of Union Pacific during the 2nd quarter valued at about $169,000. 80.35% of the stock is currently owned by institutional investors and hedge funds.
UNP has been the topic of several recent research reports. Deutsche Bank lowered Union Pacific from a “buy” rating to a “hold” rating and set a $162.00 price objective on the stock. in a research report on Tuesday, August 14th. Morgan Stanley increased their price objective on Union Pacific from $136.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, July 20th. Bank of America increased their price objective on Union Pacific from $158.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, August 16th. ValuEngine upgraded Union Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $145.00 price objective on shares of Union Pacific in a research report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $147.35.
Shares of UNP stock opened at $154.95 on Friday. The stock has a market cap of $114.01 billion, a P/E ratio of 26.76, a P/E/G ratio of 1.86 and a beta of 0.81. Union Pacific Co. has a 1-year low of $104.80 and a 1-year high of $155.96. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.03 and a quick ratio of 0.85.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.04. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The company had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the prior year, the business posted $1.45 EPS. Union Pacific’s quarterly revenue was up 8.0% compared to the same quarter last year. equities research analysts expect that Union Pacific Co. will post 7.76 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, August 31st will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $3.20 annualized dividend and a yield of 2.07%. This is a boost from Union Pacific’s previous quarterly dividend of $0.73. Union Pacific’s dividend payout ratio (DPR) is 55.27%.
In other Union Pacific news, EVP Lynden L. Tennison sold 8,450 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total value of $1,282,034.00. Following the completion of the sale, the executive vice president now owns 53,978 shares in the company, valued at approximately $8,189,542.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.20% of the company’s stock.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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