Union Pacific (NYSE:UNP) Price Target Lowered to $193.00 at UBS Group
Union Pacific (NYSE:UNP) had its target price trimmed by UBS Group from $201.00 to $193.00 in a research note released on Tuesday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the railroad operator’s stock.
A number of other research firms also recently weighed in on UNP. Raymond James set a $197.00 price target on Union Pacific and gave the stock a buy rating in a research report on Friday, July 19th. Loop Capital upped their price target on Union Pacific to $191.00 in a research report on Friday, July 19th. Morgan Stanley set a $140.00 price target on Union Pacific and gave the stock a sell rating in a research report on Friday, July 19th. Goldman Sachs Group initiated coverage on Union Pacific in a research report on Wednesday, July 10th. They set a buy rating and a $198.00 price target for the company. Finally, Credit Suisse Group set a $203.00 price objective on Union Pacific and gave the stock a buy rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $183.15.
NYSE:UNP opened at $166.38 on Tuesday. Union Pacific has a twelve month low of $128.08 and a twelve month high of $180.54. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. The business has a 50 day moving average price of $166.04 and a two-hundred day moving average price of $169.40. The company has a market cap of $117.22 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.06.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.97 per share. The ex-dividend date is Thursday, August 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio is currently 49.05%.
In other news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the sale, the executive vice president now owns 94,943 shares in the company, valued at approximately $17,093,537.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 9.96% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC raised its stake in Union Pacific by 29.1% in the 1st quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock valued at $2,712,416,000 after acquiring an additional 3,653,756 shares during the period. Northern Trust Corp raised its stake in Union Pacific by 3.9% in the 2nd quarter. Northern Trust Corp now owns 8,546,069 shares of the railroad operator’s stock valued at $1,445,226,000 after acquiring an additional 318,092 shares during the period. Nuveen Asset Management LLC raised its stake in Union Pacific by 1,957.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,164,209 shares of the railroad operator’s stock valued at $1,380,648,000 after acquiring an additional 7,767,384 shares during the period. Soroban Capital Partners LP raised its stake in Union Pacific by 69.6% in the 2nd quarter. Soroban Capital Partners LP now owns 4,320,067 shares of the railroad operator’s stock valued at $730,567,000 after acquiring an additional 1,772,727 shares during the period. Finally, Invesco Ltd. raised its stake in Union Pacific by 106.4% in the 2nd quarter. Invesco Ltd. now owns 4,282,775 shares of the railroad operator’s stock valued at $724,260,000 after acquiring an additional 2,207,908 shares during the period. Institutional investors and hedge funds own 77.77% of the company’s stock.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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