First Commonwealth Financial Corp PA acquired a new stake in Union Pacific Co. (NYSE:UNP) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,279 shares of the railroad operator’s stock, valued at approximately $306,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Dempze Nancy E boosted its stake in shares of Union Pacific by 46.6% in the 4th quarter. Dempze Nancy E now owns 3,460 shares of the railroad operator’s stock valued at $465,000 after buying an additional 1,100 shares during the period. Reilly Herbert Faulkner III boosted its stake in shares of Union Pacific by 1.7% in the 4th quarter. Reilly Herbert Faulkner III now owns 41,269 shares of the railroad operator’s stock valued at $5,534,000 after buying an additional 699 shares during the period. FTB Advisors Inc. boosted its stake in shares of Union Pacific by 2.1% in the 4th quarter. FTB Advisors Inc. now owns 69,603 shares of the railroad operator’s stock valued at $9,438,000 after buying an additional 1,462 shares during the period. Financial Life Advisors purchased a new position in shares of Union Pacific in the 4th quarter valued at about $220,000. Finally, Polaris Greystone Financial Group LLC boosted its stake in shares of Union Pacific by 3.0% in the 4th quarter. Polaris Greystone Financial Group LLC now owns 177,964 shares of the railroad operator’s stock valued at $23,865,000 after buying an additional 5,176 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.
Several equities research analysts recently weighed in on UNP shares. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 14th. Cowen restated a “market perform” rating and set a $139.00 target price (down previously from $140.00) on shares of Union Pacific in a research note on Wednesday, February 28th. Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Bank of America boosted their target price on Union Pacific from $150.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, March 15th. Finally, Deutsche Bank upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a research note on Monday, April 2nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. Union Pacific presently has an average rating of “Hold” and a consensus target price of $146.70.
Union Pacific opened at $145.81 on Wednesday, according to Marketbeat Ratings. The company has a market cap of $112.54 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.79 and a beta of 0.80. Union Pacific Co. has a 52 week low of $101.06 and a 52 week high of $148.03. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 0.64.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 26th. The railroad operator reported $1.68 EPS for the quarter, topping the consensus estimate of $1.66 by $0.02. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.39 billion. Union Pacific had a return on equity of 22.16% and a net margin of 50.73%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 earnings per share. equities analysts predict that Union Pacific Co. will post 7.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, May 30th. Union Pacific’s dividend payout ratio (DPR) is 50.43%.
In other news, CFO Robert M. Knight, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $137.39, for a total value of $3,434,750.00. Following the transaction, the chief financial officer now owns 106,518 shares of the company’s stock, valued at $14,634,508.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth F. Whited sold 15,576 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $133.79, for a total value of $2,083,913.04. Following the completion of the transaction, the executive vice president now directly owns 65,613 shares in the company, valued at approximately $8,778,363.27. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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