BMO Capital Markets reaffirmed their buy rating on shares of Union Pacific Corporation (NYSE:UNP) in a research report sent to investors on Friday, September 15th. BMO Capital Markets currently has a $123.00 price target on the railroad operator’s stock.
A number of other brokerages also recently issued reports on UNP. Royal Bank Of Canada reaffirmed a hold rating and issued a $116.00 price target on shares of Union Pacific Corporation in a report on Friday, June 2nd. Zacks Investment Research raised Union Pacific Corporation from a hold rating to a buy rating and set a $122.00 price objective for the company in a report on Tuesday, May 30th. Credit Suisse Group increased their price objective on Union Pacific Corporation from $129.00 to $131.00 and gave the company a buy rating in a report on Friday, May 26th. Morgan Stanley reissued an overweight rating and issued a $102.00 price objective (up from $100.00) on shares of Union Pacific Corporation in a report on Monday, July 10th. Finally, Citigroup Inc. reissued a buy rating and issued a $120.00 price objective on shares of Union Pacific Corporation in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $113.38.
Shares of Union Pacific Corporation (NYSE:UNP) traded down 0.09% during trading on Friday, reaching $115.34. 2,297,582 shares of the company were exchanged. The stock’s 50 day moving average is $105.56 and its 200 day moving average is $107.35. The company has a market capitalization of $92.32 billion, a price-to-earnings ratio of 20.92 and a beta of 0.81. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $115.57.
Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 earnings per share. Equities analysts anticipate that Union Pacific Corporation will post $5.79 earnings per share for the current year.
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The company also recently declared 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. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.
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 transaction, the executive vice president now owns 95,470 shares in the company, valued at $10,272,572. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.20% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Wallington Asset Management LLC boosted its stake in shares of Union Pacific Corporation by 0.3% during the second quarter. Wallington Asset Management LLC now owns 88,899 shares of the railroad operator’s stock valued at $9,682,000 after acquiring an additional 280 shares during the last quarter. Boston Advisors LLC boosted its stake in shares of Union Pacific Corporation by 19.6% during the second quarter. Boston Advisors LLC now owns 446,672 shares of the railroad operator’s stock valued at $48,647,000 after acquiring an additional 73,268 shares during the last quarter. Genesee Valley Trust Co. boosted its stake in shares of Union Pacific Corporation by 21.5% during the first quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock valued at $1,030,000 after acquiring an additional 1,724 shares during the last quarter. United Bank Inc. boosted its stake in shares of Union Pacific Corporation by 8.4% during the first quarter. United Bank Inc. now owns 44,499 shares of the railroad operator’s stock valued at $4,713,000 after acquiring an additional 3,444 shares during the last quarter. Finally, Heritage Wealth Advisors boosted its stake in shares of Union Pacific Corporation by 10.2% during the first quarter. Heritage Wealth Advisors now owns 10,467 shares of the railroad operator’s stock valued at $1,109,000 after acquiring an additional 969 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.
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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