Bristol John W & Co. Inc. NY decreased its stake in Union Pacific Corp. (NYSE:UNP) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 632,354 shares of the railroad operator’s stock after selling 13,302 shares during the period. Bristol John W & Co. Inc. NY’s holdings in Union Pacific Corp. were worth $61,673,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Dodge & Cox boosted its stake in Union Pacific Corp. by 24.0% in the second quarter. Dodge & Cox now owns 15,188,949 shares of the railroad operator’s stock valued at $1,325,236,000 after buying an additional 2,936,275 shares during the last quarter. Bank of Montreal Can purchased a new stake in Union Pacific Corp. during the second quarter valued at $141,246,000. Third Point LLC purchased a new stake in Union Pacific Corp. during the second quarter valued at $117,788,000. Emerald Acquisition Ltd. purchased a new stake in Union Pacific Corp. during the second quarter valued at $116,499,000. Finally, Alliancebernstein L.P. boosted its stake in Union Pacific Corp. by 48.1% in the second quarter. Alliancebernstein L.P. now owns 3,785,810 shares of the railroad operator’s stock valued at $330,312,000 after buying an additional 1,229,301 shares during the last quarter. Institutional investors own 77.94% of the company’s stock.
Shares of Union Pacific Corp. (NYSE:UNP) traded up 0.70% during mid-day trading on Friday, hitting $102.10. The stock had a trading volume of 1,680,892 shares. Union Pacific Corp. has a 52-week low of $67.06 and a 52-week high of $102.16. The firm has a market cap of $84.14 billion, a PE ratio of 20.46 and a beta of 0.66. The stock’s 50-day moving average price is $94.60 and its 200-day moving average price is $91.74.
Union Pacific Corp. (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 20th. The railroad operator reported $1.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.39 by $0.03. Union Pacific Corp. had a net margin of 21.05% and a return on equity of 20.55%. The company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period last year, the business posted $1.50 earnings per share. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, analysts anticipate that Union Pacific Corp. will post $5.00 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Wednesday, November 30th will be paid a $0.605 dividend. The ex-dividend date is Monday, November 28th. This is a boost from Union Pacific Corp.’s previous quarterly dividend of $0.55. This represents a $2.42 annualized dividend and a dividend yield of 2.37%. Union Pacific Corp.’s dividend payout ratio (DPR) is presently 44.00%.
Several research firms recently weighed in on UNP. Deutsche Bank AG reissued a “top pick” rating and set a $110.00 price target on shares of Union Pacific Corp. in a report on Monday, November 14th. Aegis initiated coverage on Union Pacific Corp. in a report on Monday, October 24th. They issued a “buy” rating and a $105.00 price objective for the company. Seaport Global Securities initiated coverage on Union Pacific Corp. in a report on Monday, October 24th. They issued a “buy” rating and a $100.00 price objective for the company. Loop Capital reaffirmed a “hold” rating and issued a $96.00 price objective on shares of Union Pacific Corp. in a report on Sunday, October 23rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Union Pacific Corp. in a report on Sunday, October 23rd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Union Pacific Corp. presently has an average rating of “Hold” and an average target price of $96.38.
In related news, Director Steven R. Rogel sold 7,400 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $100.51, for a total value of $743,774.00. Following the sale, the director now directly owns 11,400 shares of the company’s stock, valued at $1,145,814. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cameron A. Scott sold 6,484 shares of the firm’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $98.44, for a total value of $638,284.96. Following the completion of the sale, the executive vice president now directly owns 71,320 shares in the company, valued at $7,020,740.80. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
About Union Pacific Corp.
Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.