Beacon Trust Co. Acquires 1,233 Shares of Union Pacific Corporation (UNP)
Beacon Trust Co. raised its stake in Union Pacific Corporation (NYSE:UNP) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,014 shares of the railroad operator’s stock after buying an additional 1,233 shares during the period. Union Pacific Corporation makes up about 1.4% of Beacon Trust Co.’s portfolio, making the stock its 17th largest position. Beacon Trust Co.’s holdings in Union Pacific Corporation were worth $9,068,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. TNB Financial purchased a new stake in shares of Union Pacific Corporation during the first quarter worth approximately $409,000. Horrell Capital Management Inc. increased its stake in shares of Union Pacific Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 78,559 shares of the railroad operator’s stock worth $8,321,000 after buying an additional 288 shares in the last quarter. Inverness Counsel LLC NY increased its stake in shares of Union Pacific Corporation by 3.9% in the first quarter. Inverness Counsel LLC NY now owns 95,894 shares of the railroad operator’s stock worth $10,124,000 after buying an additional 3,595 shares in the last quarter. Prospera Financial Services Inc increased its stake in shares of 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 worth $230,000 after buying an additional 7 shares in the last quarter. Finally, American National Bank increased its stake in shares of Union Pacific Corporation by 757.5% in the first quarter. American National Bank now owns 1,432 shares of the railroad operator’s stock worth $152,000 after buying an additional 1,265 shares in the last quarter. 78.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Union Pacific Corporation (NYSE:UNP) traded down 0.32% during mid-day trading on Monday, reaching $104.91. 395,372 shares of the company were exchanged. The company’s 50-day moving average is $105.10 and its 200 day moving average is $107.47. The firm has a market capitalization of $83.97 billion, a price-to-earnings ratio of 19.03 and a beta of 0.81. Union Pacific Corporation has a 12 month low of $87.06 and a 12 month high of $115.15.
Union Pacific Corporation (NYSE:UNP) last announced its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, beating the Zacks’ 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 analyst estimates of $5.19 billion. During the same period last year, the company posted $1.17 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. Analysts predict that Union Pacific Corporation will post $5.79 EPS for the current year.
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.30%. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.
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A number of equities research analysts have commented on the stock. BMO Capital Markets reissued a “buy” rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a research report on Friday, August 11th. BidaskClub raised shares of Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 18th. Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price objective on shares of Union Pacific Corporation in a research report on Friday. Wolfe Research downgraded shares of Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, August 7th. Finally, Stifel Nicolaus increased 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, August 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $113.22.
In other news, EVP Cameron A. Scott sold 17,604 shares of the firm’s 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 sale, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company 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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