Union Pacific Corporation (NYSE:UNP) Position Boosted by Gotham Asset Management LLC
Gotham Asset Management LLC increased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,140 shares of the railroad operator’s stock after buying an additional 9,525 shares during the period. Gotham Asset Management LLC’s holdings in Union Pacific Corporation were worth $27,978,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in UNP. American Century Companies Inc. raised its position in shares of Union Pacific Corporation by 102.4% in the first quarter. American Century Companies Inc. now owns 2,450,688 shares of the railroad operator’s stock valued at $259,577,000 after buying an additional 1,239,636 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Union Pacific Corporation by 82.9% in the first quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock valued at $235,547,000 after buying an additional 1,007,720 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Union Pacific Corporation during the first quarter valued at approximately $92,495,000. Swiss National Bank raised its position in shares of Union Pacific Corporation by 25.9% in the first quarter. Swiss National Bank now owns 2,920,172 shares of the railroad operator’s stock valued at $309,305,000 after buying an additional 600,300 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of 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 in the last quarter. Institutional investors own 79.88% of the company’s stock.
Union Pacific Corporation (UNP) traded up 0.86% during midday trading on Friday, reaching $103.57. The company’s stock had a trading volume of 3,340,923 shares. The company has a market capitalization of $82.90 billion, a price-to-earnings ratio of 18.78 and a beta of 0.81. The company’s 50-day moving average price is $106.03 and its 200-day moving average price is $107.74. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $115.15.
Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts predict that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a $0.605 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 annualized dividend and a dividend yield of 2.34%. Union Pacific Corporation’s payout ratio is 43.84%.
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UNP has been the topic of a number of research reports. Citigroup Inc. restated a “buy” rating and set a $120.00 target price on shares of Union Pacific Corporation in a research report on Monday, July 10th. Morgan Stanley restated an “overweight” rating and set a $102.00 target price (up from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. Zacks Investment Research lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. BMO Capital Markets restated a “buy” rating and set a $123.00 target price on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Finally, Cowen and Company raised their target price on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a research report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $112.10.
In other news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction 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 of the company’s stock, valued at $10,272,572. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.
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.
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