Goldman Sachs Group initiated coverage on shares of Union Pacific (NYSE:UNP) in a research report sent to investors on Wednesday, Benzinga reports. The firm issued a buy rating and a $198.00 price objective on the railroad operator’s stock.
UNP has been the topic of a number of other reports. Barclays restated a buy rating on shares of 1&1 Drillisch in a research report on Thursday, June 13th. Stifel Nicolaus set a $170.00 price target on shares of Union Pacific and gave the company a hold rating in a research report on Tuesday, April 23rd. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the company a hold rating in a research report on Monday, July 8th. Raymond James restated a buy rating on shares of West Fraser Timber in a research report on Monday, April 22nd. Finally, Sanford C. Bernstein upgraded shares of Royal Mail from a market perform rating to an outperform rating in a research report on Monday, June 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $176.57.
Shares of Union Pacific stock opened at $174.05 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.60 and a current ratio of 0.75. The company’s 50-day simple moving average is $169.48. Union Pacific has a twelve month low of $128.08 and a twelve month high of $180.02. The firm has a market cap of $121.57 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 1.92 and a beta of 1.04.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 18th. The railroad operator reported $1.93 EPS for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.04. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.51 billion. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 earnings per share. Sell-side analysts predict that Union Pacific will post 8.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, May 30th. Union Pacific’s dividend payout ratio is presently 44.50%.
In other Union Pacific news, EVP Rhonda S. Ferguson sold 11,485 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $175.00, for a total value of $2,009,875.00. Following the completion of the transaction, the executive vice president now directly owns 53,858 shares of the company’s stock, valued at $9,425,150. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William J. Delaney III bought 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was bought at an average cost of $174.06 per share, with a total value of $870,300.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $870,300. The disclosure for this purchase can be found here. Insiders own 9.96% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Gantzert Investment Co. LLC ADV purchased a new position in Union Pacific in the fourth quarter valued at $1,408,000. Unigestion Holding SA boosted its holdings in Union Pacific by 10.2% in the fourth quarter. Unigestion Holding SA now owns 7,266 shares of the railroad operator’s stock valued at $1,004,000 after purchasing an additional 673 shares during the period. Nichols & Pratt Advisers LLP MA boosted its holdings in Union Pacific by 4.6% in the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 6,818 shares of the railroad operator’s stock valued at $942,000 after purchasing an additional 300 shares during the period. OLD Dominion Capital Management Inc. purchased a new stake in Union Pacific during the 4th quarter worth about $436,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Union Pacific by 0.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,044,765 shares of the railroad operator’s stock worth $144,394,000 after buying an additional 8,981 shares during the last quarter. 78.93% of the stock is owned by institutional investors and hedge funds.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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