Livforsakringsbolaget Skandia Omsesidigt continued to hold its position in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,062 shares of the railroad operator’s stock at the close of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Union Pacific Corporation were worth $2,730,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp lifted its stake in Union Pacific Corporation by 0.4% in the first quarter. State Street Corp now owns 34,686,206 shares of the railroad operator’s stock valued at $3,673,956,000 after purchasing an additional 127,803 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in 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 valued at $630,872,000 after purchasing an additional 163,532 shares during the last quarter. Legal & General Group Plc lifted its stake in Union Pacific Corporation by 3.6% in the first quarter. Legal & General Group Plc now owns 4,365,934 shares of the railroad operator’s stock valued at $462,450,000 after purchasing an additional 150,498 shares during the last quarter. Ameriprise Financial Inc. lifted 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 purchasing an additional 531,917 shares during the last quarter. Finally, Swiss National Bank lifted its stake in 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 purchasing an additional 600,300 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.
Union Pacific Corporation (NYSE:UNP) traded up 1.069% on Friday, reaching $112.045. The company had a trading volume of 2,710,852 shares. The stock has a market capitalization of $89.68 billion, a PE ratio of 20.320 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. The stock’s 50 day moving average price is $104.68 and its 200-day moving average price is $107.29.
Union Pacific Corporation (NYSE:UNP) last posted its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the firm posted $1.17 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts expect that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal 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 issued 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 2.18%. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.
Several equities research analysts have issued reports on UNP shares. BidaskClub downgraded Union Pacific Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and set a $116.00 target price on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Zacks Investment Research upgraded Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Thursday, July 13th. Morgan Stanley restated an “overweight” rating and set a $102.00 target price (up previously from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. Finally, 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Union Pacific Corporation currently has an average rating of “Hold” and a consensus price target of $113.22.
In other news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.
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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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