NEXT Financial Group Inc boosted its position in shares of Union Pacific Corp. (NYSE:UNP) by 41.1% during the third quarter, Holdings Channel reports. The institutional investor owned 7,132 shares of the railroad operator’s stock after buying an additional 2,076 shares during the period. NEXT Financial Group Inc’s holdings in Union Pacific Corp. were worth $696,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Dodge & Cox increased its stake in shares of 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 period. Bank of Montreal Can bought a new stake in shares of Union Pacific Corp. during the second quarter valued at approximately $141,246,000. Third Point LLC bought a new stake in shares of Union Pacific Corp. during the second quarter valued at approximately $117,788,000. Emerald Acquisition Ltd. bought a new stake in shares of Union Pacific Corp. during the second quarter valued at approximately $116,499,000. Finally, Alliancebernstein L.P. increased its stake in shares of 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 period. 77.94% of the stock is owned by institutional investors and hedge funds.
Shares of Union Pacific Corp. (NYSE:UNP) opened at 102.10 on Friday. Union Pacific Corp. has a 52-week low of $67.06 and a 52-week high of $102.16. The company has a market cap of $84.14 billion, a P/E ratio of 20.46 and a beta of 0.66. The company has a 50-day moving average price of $94.60 and a 200-day moving average price of $91.74.
Union Pacific Corp. (NYSE:UNP) last posted its earnings results on Thursday, October 20th. The railroad operator reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm earned $5.17 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the company posted $1.50 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. On average, equities analysts predict that Union Pacific Corp. will post $5.00 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Wednesday, November 30th will be issued a $0.605 dividend. This is an increase from Union Pacific Corp.’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, November 28th. This represents a $2.42 dividend on an annualized basis and a yield of 2.37%. Union Pacific Corp.’s dividend payout ratio is currently 44.00%.
A number of equities analysts recently issued reports on UNP shares. Deutsche Bank AG reiterated a “top pick” rating and issued a $110.00 target price on shares of Union Pacific Corp. in a report on Monday, November 14th. Zacks Investment Research upgraded Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a report on Tuesday, October 4th. Vertical Research started coverage on Union Pacific Corp. in a report on Tuesday, October 11th. They issued a “hold” rating on the stock. Cowen and Company cut 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 report on Thursday, October 20th. Finally, Loop Capital reiterated a “hold” rating on shares of Union Pacific Corp. in a report on Friday, September 9th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $96.38.
In other 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 transaction, the director now owns 11,400 shares of the company’s stock, valued at $1,145,814. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $97.00, for a total value of $485,000.00. Following the completion of the transaction, the executive vice president now directly owns 150,660 shares in the company, valued at approximately $14,614,020. The disclosure for this sale can be found here. 0.14% of the stock is owned by company 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.