Trading Report: Today, 1,804 Shares of Union Pacific Corp. (UNP) are sold by OLD National Bancorp IN

Today, 1,804 Shares of Union Pacific Corp. (UNP) are sold by OLD National Bancorp IN

OLD National Bancorp IN reduced its position in shares of Union Pacific Corp. (NYSE:UNP) by 4.4% during the third quarter, Holdings Channel reports. The fund owned 39,561 shares of the railroad operator’s stock after selling 1,804 shares during the period. OLD National Bancorp IN’s holdings in Union Pacific Corp. were worth $3,858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. West Oak Capital LLC increased its position in Union Pacific Corp. by 6.2% in the third quarter. West Oak Capital LLC now owns 1,094 shares of the railroad operator’s stock worth $107,000 after buying an additional 64 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Union Pacific Corp. during the second quarter worth approximately $108,000. Lenox Wealth Advisors Inc. increased its position in Union Pacific Corp. by 4.9% in the third quarter. Lenox Wealth Advisors Inc. now owns 1,167 shares of the railroad operator’s stock worth $114,000 after buying an additional 55 shares during the last quarter. Tradewinds Capital Management LLC increased its position in Union Pacific Corp. by 22.4% in the second quarter. Tradewinds Capital Management LLC now owns 1,364 shares of the railroad operator’s stock worth $119,000 after buying an additional 250 shares during the last quarter. Finally, Cornerstone Advisors Inc. increased its position in Union Pacific Corp. by 379.6% in the third quarter. Cornerstone Advisors Inc. now owns 1,247 shares of the railroad operator’s stock worth $122,000 after buying an additional 987 shares during the last quarter. Institutional investors and hedge funds own 77.59% of the company’s stock.

Union Pacific Corp. (NYSE:UNP) traded down 0.79% during trading on Monday, hitting $100.69. The stock had a trading volume of 3,533,805 shares. The firm’s 50-day moving average price is $94.60 and its 200-day moving average price is $91.74. Union Pacific Corp. has a 1-year low of $67.06 and a 1-year high of $102.16.

Union Pacific Corp. (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 20th. The railroad operator reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by $0.03. Union Pacific Corp. had a return on equity of 20.55% and a net margin of 21.05%. The business earned $5.17 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period last year, the company earned $1.50 earnings per share. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities analysts forecast that Union Pacific Corp. will post $5.00 earnings per share for the current fiscal 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 issued a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 2.37%. This is a positive change from Union Pacific Corp.’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, November 28th. Union Pacific Corp.’s dividend payout ratio is 44.00%.

UNP has been the topic of a number of recent analyst reports. Morgan Stanley set a $100.00 price objective on Union Pacific Corp. and gave the company a “buy” rating in a report on Thursday, August 18th. Credit Suisse Group AG restated a “buy” rating and set a $106.00 price target on shares of Union Pacific Corp. in a research note on Tuesday, September 13th. Citigroup Inc. set a $106.00 price target on Union Pacific Corp. and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Zacks Investment Research upgraded Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Tuesday, October 4th. Finally, Seaport Global Securities started coverage on Union Pacific Corp. in a research note on Monday, October 24th. They set a “buy” rating and a $100.00 price target on the stock. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $96.38.

In related news, EVP Diane K. Duren sold 2,840 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $98.98, for a total value of $281,103.20. Following the completion of the transaction, the executive vice president now directly owns 128,701 shares of the company’s stock, valued at approximately $12,738,824.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven R. Rogel sold 7,400 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $100.51, for a total value of $743,774.00. Following the completion of the transaction, the director now directly owns 11,400 shares of the company’s stock, valued at $1,145,814. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

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.

Related posts

Leave a Comment