Alley Co LLC raised its stake in Union Pacific Corporation (NYSE:UNP) by 10.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,745 shares of the railroad operator’s stock after buying an additional 5,380 shares during the period. Union Pacific Corporation comprises approximately 2.4% of Alley Co LLC’s holdings, making the stock its 9th largest position. Alley Co LLC’s holdings in Union Pacific Corporation were worth $6,116,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. Genesee Valley Trust Co. increased its position in Union Pacific Corporation by 21.5% in the first quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock valued at $1,030,000 after buying an additional 1,724 shares during the period. Eastern Bank increased its position in shares of Union Pacific Corporation by 1.2% in the first quarter. Eastern Bank now owns 13,580 shares of the railroad operator’s stock worth $1,438,000 after buying an additional 158 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Union Pacific Corporation during the first quarter worth approximately $268,000. Wetherby Asset Management Inc. increased its position in shares of Union Pacific Corporation by 1.7% in the first quarter. Wetherby Asset Management Inc. now owns 17,888 shares of the railroad operator’s stock worth $1,895,000 after buying an additional 302 shares during the last quarter. Finally, ING Groep NV increased its position in shares of Union Pacific Corporation by 225.6% in the first quarter. ING Groep NV now owns 41,594 shares of the railroad operator’s stock worth $4,406,000 after buying an additional 28,818 shares during the last quarter. 79.94% of the stock is currently owned by institutional investors and hedge funds.
Union Pacific Corporation (NYSE:UNP) opened at 103.90 on Friday. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $115.15. The firm’s 50-day moving average is $105.52 and its 200-day moving average is $107.56. The firm has a market capitalization of $83.16 billion, a P/E ratio of 18.84 and a beta of 0.81.
Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. The firm 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% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. On average, equities analysts expect that Union Pacific Corporation will post $5.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a $0.605 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.33%. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.
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A number of brokerages recently commented on UNP. Stifel Nicolaus boosted their price objective on shares of Union Pacific Corporation from $118.00 to $120.00 and gave the company a “hold” rating in a research report on Friday. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a research note on Friday, August 11th. BidaskClub cut shares of Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. 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. Finally, Citigroup Inc. restated a “buy” rating and issued a $120.00 price objective on shares of Union Pacific Corporation in a research note on Monday, July 10th. 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. The stock currently has an average rating of “Hold” and an average target price of $112.21.
In other news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by company 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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