State of Wisconsin Investment Board boosted its position in shares of Union Pacific Corporation (NYSE:UNP) by 11.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 916,143 shares of the railroad operator’s stock after buying an additional 91,180 shares during the period. State of Wisconsin Investment Board owned approximately 0.11% of Union Pacific Corporation worth $97,038,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Dodge & Cox purchased a new stake in Union Pacific Corporation during the fourth quarter worth about $1,452,729,000. Norges Bank acquired a new position in shares of Union Pacific Corporation during the fourth quarter worth approximately $841,976,000. First Eagle Investment Management LLC boosted its position in shares of Union Pacific Corporation by 2.8% in the first quarter. First Eagle Investment Management LLC now owns 5,956,119 shares of the railroad operator’s stock worth $630,872,000 after buying an additional 163,532 shares in the last quarter. Putnam Investments LLC boosted its position in shares of Union Pacific Corporation by 2.6% in the fourth quarter. Putnam Investments LLC now owns 4,481,419 shares of the railroad operator’s stock worth $464,633,000 after buying an additional 112,418 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Union Pacific Corporation by 21.6% in the first quarter. Ameriprise Financial Inc. now owns 2,996,965 shares of the railroad operator’s stock valued at $317,475,000 after buying an additional 531,917 shares during the last quarter. Institutional investors own 79.94% of the company’s stock.
Shares of Union Pacific Corporation (NYSE:UNP) traded up 0.70% on Friday, reaching $103.90. 3,243,552 shares of the company traded hands. The stock has a market capitalization of $83.16 billion, a P/E ratio of 18.84 and a beta of 0.81. The stock’s 50 day moving average price is $105.52 and its 200-day moving average price is $107.56. 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 posted its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 EPS. Equities analysts forecast that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid 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 is currently 43.84%.
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Several analysts have recently weighed in on UNP shares. Cowen and Company raised their price objective on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a report on Friday, April 28th. Credit Suisse Group raised their price target on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a report on Friday, May 26th. Zacks Investment Research raised shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Tuesday, May 30th. BMO Capital Markets reaffirmed a “buy” rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $116.00 price objective on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Union Pacific Corporation currently has a consensus rating of “Hold” and a consensus price target of $112.21.
In other news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were 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 owns 95,470 shares in the company, valued at approximately $10,272,572. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.
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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