Union Pacific Co. (UNP) Short Interest Down 20.4% in June

Union Pacific Co. (NYSE:UNP) saw a significant drop in short interest in the month of June. As of June 29th, there was short interest totalling 25,416,440 shares, a drop of 20.4% from the June 15th total of 31,947,237 shares. Based on an average daily volume of 3,404,153 shares, the days-to-cover ratio is presently 7.5 days. Currently, 3.3% of the company’s stock are short sold.

Shares of Union Pacific opened at $138.89 on Tuesday, Marketbeat.com reports. Union Pacific has a 52-week low of $101.06 and a 52-week high of $148.33. The company has a market capitalization of $107.79 billion, a P/E ratio of 22.72, a PEG ratio of 1.71 and a beta of 0.80. 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 announced its earnings results on Thursday, April 26th. The railroad operator reported $1.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.02. Union Pacific had a return on equity of 22.16% and a net margin of 50.73%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter last year, the firm earned $1.32 EPS. Union Pacific’s revenue for the quarter was up 6.7% compared to the same quarter last year. research analysts forecast that Union Pacific will post 7.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Thursday, May 31st were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Wednesday, May 30th. Union Pacific’s dividend payout ratio is presently 50.43%.

A number of research firms have recently commented on UNP. TD Securities raised their price target on Union Pacific from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, June 1st. Scotiabank raised their price target on Union Pacific from $148.00 to $153.00 and gave the stock a “sector perform” rating in a research report on Friday, June 1st. BMO Capital Markets raised their price target on Union Pacific from $158.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, June 1st. Credit Suisse Group raised their price target on Union Pacific from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, June 1st. Finally, Stifel Nicolaus set a $151.00 price target on Union Pacific and gave the stock a “hold” rating in a research report on Thursday, May 24th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. Union Pacific has an average rating of “Hold” and an average target price of $146.70.

A number of hedge funds have recently bought and sold shares of UNP. BlackRock Inc. boosted its stake in shares of Union Pacific by 2.8% during the 4th quarter. BlackRock Inc. now owns 52,135,522 shares of the railroad operator’s stock worth $6,991,373,000 after acquiring an additional 1,434,475 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Union Pacific by 0.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,895,487 shares of the railroad operator’s stock worth $1,733,540,000 after acquiring an additional 103,948 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Union Pacific by 19.5% during the 4th quarter. TIAA CREF Investment Management LLC now owns 8,608,925 shares of the railroad operator’s stock worth $1,154,457,000 after acquiring an additional 1,403,429 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Union Pacific by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 8,468,882 shares of the railroad operator’s stock worth $1,135,678,000 after acquiring an additional 88,371 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Union Pacific by 6.8% during the 4th quarter. Franklin Resources Inc. now owns 7,975,695 shares of the railroad operator’s stock worth $1,069,540,000 after acquiring an additional 510,037 shares during the period. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Union Pacific Company Profile

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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