Franklin Resources Inc. cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 16.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,576,151 shares of the railroad operator’s stock after selling 1,499,148 shares during the quarter. Franklin Resources Inc. owned 0.95% of Union Pacific Corporation worth $825,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in UNP. AQR Capital Management LLC lifted its position in Union Pacific Corporation by 212.5% during the first quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock valued at $252,911,000 after purchasing an additional 1,623,701 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Union Pacific Corporation by 11,520.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,127,981 shares of the railroad operator’s stock worth $10,357,000 after acquiring an additional 1,118,274 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Union Pacific Corporation by 82.9% in the 1st quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock worth $235,547,000 after acquiring an additional 1,007,720 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Union Pacific Corporation in the 1st quarter worth approximately $92,495,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Union Pacific Corporation by 21.6% in the 1st quarter. Ameriprise Financial Inc. now owns 2,996,965 shares of the railroad operator’s stock worth $317,475,000 after acquiring an additional 531,917 shares during the last quarter. Institutional investors and hedge funds own 79.66% of the company’s stock.
Union Pacific Corporation (NYSE:UNP) opened at $116.57 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83. The stock has a market cap of $91,760.00, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. Union Pacific Corporation has a 1 year low of $97.48 and a 1 year high of $119.71.
Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.01. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.32 billion. Union Pacific Corporation had a net margin of 21.84% and a return on equity of 23.35%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. equities research analysts predict that Union Pacific Corporation will post 5.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.665 per share. This is an increase from Union Pacific Corporation’s previous quarterly dividend of $0.61. This represents a $2.66 dividend on an annualized basis and a yield of 2.28%. Union Pacific Corporation’s payout ratio is presently 42.83%.
A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Union Pacific Corporation in a report on Monday. They issued a “sell” rating and a $103.00 price objective for the company. Royal Bank Of Canada restated a “hold” rating and issued a $124.00 price objective on shares of Union Pacific Corporation in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Argus boosted their price objective on shares of Union Pacific Corporation from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the stock. Union Pacific Corporation currently has an average rating of “Hold” and a consensus target price of $117.59.
Union Pacific Corporation Profile
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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