Investec Asset Management LTD Acquires New Stake in Union Pacific Corporation (UNP)

Investec Asset Management LTD purchased a new stake in shares of Union Pacific Corporation (NYSE:UNP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 110,989 shares of the railroad operator’s stock, valued at approximately $11,756,000.

A number of other large investors have also bought and sold shares of UNP. Prospera Financial Services Inc raised its stake in Union Pacific Corporation by 0.3% in the first quarter. Prospera Financial Services Inc now owns 2,163 shares of the railroad operator’s stock valued at $230,000 after buying an additional 7 shares during the last quarter. Summit Asset Management LLC raised its stake in Union Pacific Corporation by 0.3% in the first quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock valued at $763,000 after buying an additional 19 shares during the last quarter. Family Firm Inc. raised its stake in Union Pacific Corporation by 0.5% in the first quarter. Family Firm Inc. now owns 4,178 shares of the railroad operator’s stock valued at $443,000 after buying an additional 21 shares during the last quarter. Court Place Advisors LLC raised its stake in Union Pacific Corporation by 0.4% in the first quarter. Court Place Advisors LLC now owns 7,506 shares of the railroad operator’s stock valued at $795,000 after buying an additional 29 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its stake in Union Pacific Corporation by 1.2% in the first quarter. Tortoise Investment Management LLC now owns 2,540 shares of the railroad operator’s stock valued at $269,000 after buying an additional 30 shares during the last quarter. 79.94% of the stock is currently owned by institutional investors.

Shares of Union Pacific Corporation (NYSE UNP) traded up 0.70% during mid-day trading on Friday, hitting $103.90. 3,243,552 shares of the stock were exchanged. The company has a 50-day moving average of $105.52 and a 200 day moving average of $107.56. The stock has a market cap of $83.16 billion, a PE ratio of 18.84 and a beta of 0.81. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15.

Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the 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 firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. Union Pacific Corporation’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities analysts predict that Union Pacific Corporation will post $5.79 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is 43.84%.

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Several equities research analysts have recently issued reports on UNP shares. Stifel Nicolaus reissued a “hold” rating and set a $118.00 target price (up from $112.00) on shares of Union Pacific Corporation in a research note on Monday, July 24th. Zacks Investment Research raised shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research note on Tuesday, May 30th. BidaskClub lowered shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Credit Suisse Group increased their target price on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. Finally, Deutsche Bank AG lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating and lowered their target price for the stock from $132.00 to $110.00 in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $112.21.

In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the completion of the sale, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

Union Pacific Corporation Company 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.

Institutional Ownership by Quarter for Union Pacific Corporation (NYSE:UNP)

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