Ronna Sue Cohen cut its stake in Union Pacific Corp. (NYSE:UNP) by 2.5% during the third quarter, Holdings Channel reports. The institutional investor owned 8,120 shares of the railroad operator’s stock after selling 210 shares during the period. Ronna Sue Cohen’s holdings in Union Pacific Corp. were worth $792,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Rockland Trust Co. boosted its position in Union Pacific Corp. by 6.0% in the second quarter. Rockland Trust Co. now owns 121,603 shares of the railroad operator’s stock valued at $10,610,000 after buying an additional 6,866 shares in the last quarter. BB&T Corp raised its stake in shares of Union Pacific Corp. by 447.7% in the second quarter. BB&T Corp now owns 165,590 shares of the railroad operator’s stock valued at $14,449,000 after buying an additional 135,355 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Union Pacific Corp. during the second quarter valued at approximately $141,246,000. PGGM Investments raised its stake in shares of Union Pacific Corp. by 60.3% in the second quarter. PGGM Investments now owns 384,456 shares of the railroad operator’s stock valued at $33,544,000 after buying an additional 144,695 shares during the last quarter. Finally, KAMES CAPITAL plc raised its stake in shares of Union Pacific Corp. by 3.6% in the second quarter. KAMES CAPITAL plc now owns 248,006 shares of the railroad operator’s stock valued at $21,641,000 after buying an additional 8,718 shares during the last quarter. Hedge funds and other institutional investors own 77.94% of the company’s stock.
Shares of Union Pacific Corp. (NYSE:UNP) traded up 0.70% on Friday, reaching $102.10. The company had a trading volume of 1,680,892 shares. Union Pacific Corp. has a 1-year low of $67.06 and a 1-year high of $102.16. The company’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 released its earnings results on Thursday, October 20th. The railroad operator reported $1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 analysts’ expectations of $5.14 billion. During the same period last year, the business earned $1.50 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities analysts predict that Union Pacific Corp. will post $5.00 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Wednesday, November 30th will be paid 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 is Monday, November 28th. Union Pacific Corp.’s dividend payout ratio (DPR) is 44.00%.
Several brokerages recently commented on UNP. Vetr lowered Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $91.00 price objective for the company. in a report on Monday, August 8th. RBC Capital Markets lowered Union Pacific Corp. from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $107.00 to $98.00 in a report on Friday, October 21st. Aegis began 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. Deutsche Bank AG reaffirmed a “top pick” rating and issued a $110.00 price objective on shares of Union Pacific Corp. in a report on Monday, November 14th. Finally, Zacks Investment Research lowered Union Pacific Corp. from a “buy” rating to a “hold” rating in a report on Friday, October 21st. Three equities 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 given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $96.38.
In other Union Pacific Corp. news, Director Steven R. Rogel sold 7,400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $100.51, for a total value of $743,774.00. Following the transaction, the director now directly owns 11,400 shares of the company’s stock, valued at approximately $1,145,814. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $97.00, for a total transaction 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 $14,614,020. The disclosure for this sale can be found here. 0.14% of the stock is currently 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.