Trust Co. of Oklahoma increased its stake in Union Pacific Corp. (NYSE:UNP) by 3.1% during the third quarter, Holdings Channel reports. The firm owned 8,467 shares of the railroad operator’s stock after buying an additional 255 shares during the period. Trust Co. of Oklahoma’s holdings in Union Pacific Corp. were worth $826,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Euclid Advisors LLC acquired a new position in shares of Union Pacific Corp. during the first quarter valued at about $3,256,000. SevenBridge Financial Group LLC acquired a new stake in Union Pacific Corp. during the first quarter valued at approximately $472,000. First PREMIER Bank increased its stake in shares of Union Pacific Corp. by 2.0% in the second quarter. First PREMIER Bank now owns 29,424 shares of the railroad operator’s stock valued at $2,568,000 after buying an additional 588 shares during the last quarter. Stock Yards Bank & Trust Co. increased its stake in shares of Union Pacific Corp. by 0.3% in the second quarter. Stock Yards Bank & Trust Co. now owns 8,335 shares of the railroad operator’s stock valued at $727,000 after buying an additional 26 shares during the last quarter. Finally, Cullinan Associates Inc. increased its stake in shares of Union Pacific Corp. by 8.8% in the second quarter. Cullinan Associates Inc. now owns 58,620 shares of the railroad operator’s stock valued at $5,115,000 after buying an additional 4,730 shares during the last quarter. 77.94% of the stock is currently owned by institutional investors and hedge funds.
Union Pacific Corp. (NYSE:UNP) traded up 0.70% during trading on Friday, hitting $102.10. The company had a trading volume of 1,680,892 shares. Union Pacific Corp. has a one year low of $67.06 and a one year high of $102.16. The stock has a market capitalization of $84.14 billion, a PE ratio of 20.46 and a beta of 0.66. The stock has a 50-day moving average of $94.60 and a 200-day moving average of $91.74.
Union Pacific Corp. (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 20th. The railroad operator reported $1.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by $0.03. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $5.14 billion. Union Pacific Corp. had a return on equity of 20.55% and a net margin of 21.05%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 EPS. On average, equities analysts anticipate that Union Pacific Corp. will post $5.00 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Wednesday, November 30th will be paid a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Monday, November 28th. This is an increase from Union Pacific Corp.’s previous quarterly dividend of $0.55. Union Pacific Corp.’s dividend payout ratio (DPR) is presently 44.00%.
UNP has been the subject of a number of recent analyst reports. Deutsche Bank AG reissued a “top pick” rating and set a $110.00 target price on shares of Union Pacific Corp. in a research note on Monday, November 14th. Zacks Investment Research upgraded shares of Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Tuesday, October 4th. Vertical Research began coverage on shares of Union Pacific Corp. in a research note on Tuesday, October 11th. They set a “hold” rating on the stock. Cowen and Company downgraded Union Pacific Corp. from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $99.00 to $91.00 in a research report on Thursday, October 20th. Finally, Loop Capital reaffirmed a “hold” rating on shares of Union Pacific Corp. in a research note on Friday, September 9th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $96.38.
In other Union Pacific Corp. news, EVP Robert M. Knight, Jr. sold 10,000 shares of Union Pacific Corp. stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $95.24, for a total value of $952,400.00. Following the sale, the executive vice president now owns 150,660 shares of the company’s stock, valued at approximately $14,348,858.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diane K. Duren sold 2,840 shares of Union Pacific Corp. stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $98.98, for a total value of $281,103.20. Following the completion of the sale, the executive vice president now directly owns 128,701 shares in the company, valued at approximately $12,738,824.98. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
Union Pacific Corp. Company Profile
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.