Retirement Systems of Alabama lowered its position in shares of Union Pacific Corporation (NYSE:UNP) by 0.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 728,700 shares of the railroad operator’s stock after selling 1,883 shares during the quarter. Retirement Systems of Alabama owned about 0.09% of Union Pacific Corporation worth $79,363,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advantage Investment Management LLC lifted its holdings in shares of Union Pacific Corporation by 263.7% during the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock worth $101,000 after buying an additional 691 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Union Pacific Corporation by 96.3% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock worth $108,000 after buying an additional 501 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Union Pacific Corporation by 36.3% during the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock worth $111,000 after buying an additional 274 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Union Pacific Corporation by 147.2% during the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock worth $122,000 after buying an additional 686 shares in the last quarter. Finally, Ullmann Financial Group Inc. acquired a new stake in shares of Union Pacific Corporation during the first quarter worth $122,000. 78.38% of the stock is owned by institutional investors.
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Union Pacific Corporation (NYSE:UNP) opened at 113.95 on Monday. The company has a market cap of $91.20 billion, a PE ratio of 20.67 and a beta of 0.84. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $116.93. The firm has a 50-day moving average price of $109.95 and a 200-day moving average price of $108.16.
Union Pacific Corporation (NYSE:UNP) last announced its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 EPS. On average, analysts forecast that Union Pacific Corporation will post $5.77 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were paid a $0.605 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a yield of 2.12%. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.
A number of brokerages recently commented on UNP. Stifel Nicolaus raised their price target on Union Pacific Corporation from $118.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Royal Bank Of Canada restated a “hold” rating and issued a $115.00 price target on shares of Union Pacific Corporation in a research report on Friday, August 25th. BMO Capital Markets restated a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a research report on Friday, September 15th. Citigroup Inc. cut Union Pacific Corporation from a “buy” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research report on Wednesday, October 4th. Finally, BidaskClub cut Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. Union Pacific Corporation currently has an average rating of “Hold” and a consensus target price of $113.26.
About Union Pacific Corporation
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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