Key Points
- Union Pacific EVP Eric Gehringer sold 2,991 shares on June 3 at an average price of $263.96, totaling about $789,504. After the sale, he still owned 43,012 shares, a 6.5% reduction in his position.
- The railroad operator recently reported better-than-expected quarterly results, with EPS of $2.93 versus estimates of $2.86 and revenue of $6.22 billion versus $6.12 billion expected. Revenue rose 3.2% year over year, and the company posted a strong net margin of 29.20%.
- Union Pacific also объявed a quarterly dividend of $1.38 per share, or $5.52 annually, yielding about 2.1%. Analysts currently rate the stock a “Moderate Buy” with a consensus price target of $280.47.
Union Pacific Corporation (NYSE:UNP - Get Free Report) EVP Eric Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Union Pacific Price Performance
UNP stock opened at $263.54 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. The firm has a market capitalization of $156.47 billion, a P/E ratio of 21.71, a P/E/G ratio of 2.78 and a beta of 0.97. The business's 50-day moving average is $258.71 and its two-hundred day moving average is $246.85. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $279.70.
Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.86 by $0.07. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.Union Pacific's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.70 EPS. Analysts anticipate that Union Pacific Corporation will post 12.53 earnings per share for the current fiscal year.
Union Pacific Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a dividend of $1.38 per share. The ex-dividend date is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. Union Pacific's payout ratio is presently 45.47%.
Hedge Funds Weigh In On Union Pacific
Several large investors have recently bought and sold shares of UNP. Capital World Investors boosted its stake in Union Pacific by 92.1% in the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator's stock valued at $4,658,142,000 after acquiring an additional 9,655,306 shares in the last quarter. Norges Bank acquired a new position in Union Pacific in the fourth quarter valued at $1,779,907,000. Capital Research Global Investors boosted its stake in Union Pacific by 95.0% in the third quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator's stock valued at $2,059,538,000 after acquiring an additional 4,244,226 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Union Pacific by 72.7% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator's stock valued at $2,169,168,000 after acquiring an additional 3,861,636 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Union Pacific by 16.8% in the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator's stock valued at $3,509,030,000 after acquiring an additional 2,084,808 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.
Analyst Ratings Changes
UNP has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, April 21st. BMO Capital Markets reiterated a "market perform" rating and set a $285.00 target price (up from $278.00) on shares of Union Pacific in a research note on Friday, April 24th. Royal Bank Of Canada reiterated an "outperform" rating and set a $289.00 target price (up from $273.00) on shares of Union Pacific in a research note on Friday, April 24th. Robert W. Baird set a $311.00 target price on shares of Union Pacific and gave the stock an "outperform" rating in a research note on Friday, March 6th. Finally, Barclays reiterated an "overweight" rating and set a $315.00 target price (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $280.47.
Check Out Our Latest Analysis on Union Pacific
Union Pacific Company Profile
(
Get Free Report)
Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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