First Midwest Bank Trust Division lowered its holdings in shares of Union Pacific Co. (NYSE:UNP) by 5.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,718 shares of the railroad operator’s stock after selling 341 shares during the period. First Midwest Bank Trust Division’s holdings in Union Pacific were worth $967,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of UNP. Dimensional Fund Advisors LP lifted its position in Union Pacific by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,425,071 shares of the railroad operator’s stock valued at $473,437,000 after purchasing an additional 22,644 shares during the period. Geode Capital Management LLC increased its stake in shares of Union Pacific by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock worth $1,330,401,000 after purchasing an additional 688,775 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Union Pacific during the fourth quarter worth about $881,000. Drexel Morgan & Co. increased its stake in shares of Union Pacific by 2.9% during the fourth quarter. Drexel Morgan & Co. now owns 16,256 shares of the railroad operator’s stock worth $2,247,000 after purchasing an additional 459 shares in the last quarter. Finally, Salzman & Co. Inc. purchased a new stake in shares of Union Pacific during the fourth quarter worth about $8,495,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.
In other news, Director William J. Delaney III bought 5,000 shares of Union Pacific stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $174.06 per share, for a total transaction of $870,300.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $870,300. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $180.01, for a total transaction of $248,413.80. Following the completion of the sale, the executive vice president now owns 94,943 shares of the company’s stock, valued at approximately $17,090,689.43. The disclosure for this sale can be found here. 9.96% of the stock is owned by corporate insiders.
NYSE:UNP traded up $0.61 during trading hours on Wednesday, reaching $179.91. 897,370 shares of the company’s stock were exchanged, compared to its average volume of 3,028,620. The firm has a market cap of $122.75 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.95 and a beta of 1.04. The firm’s 50-day moving average is $170.75. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. Union Pacific Co. has a 1-year low of $128.08 and a 1-year high of $180.02.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. Union Pacific’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.98 EPS. Equities research analysts forecast that Union Pacific Co. will post 8.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $3.88 dividend on an annualized basis and a yield of 2.16%. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio is currently 44.50%.
Union Pacific 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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