Mackey Komara & Dankovich LLC raised its position in shares of Union Pacific Co. (NYSE:UNP) by 549.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,124 shares of the railroad operator’s stock after purchasing an additional 951 shares during the period. Mackey Komara & Dankovich LLC’s holdings in Union Pacific were worth $30,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of UNP. Norges Bank purchased a new stake in shares of Union Pacific during the 4th quarter worth about $1,036,317,000. FMR LLC raised its stake in shares of Union Pacific by 29.1% during the 1st quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock worth $2,712,416,000 after purchasing an additional 3,653,756 shares in the last quarter. Ellis Investment Partners LLC raised its stake in shares of Union Pacific by 16,626.5% during the 1st quarter. Ellis Investment Partners LLC now owns 2,689,126 shares of the railroad operator’s stock worth $2,689,000 after purchasing an additional 2,673,049 shares in the last quarter. Ronna Sue Cohen raised its stake in shares of Union Pacific by 15,456.0% during the 1st quarter. Ronna Sue Cohen now owns 1,298,301 shares of the railroad operator’s stock worth $1,298,000 after purchasing an additional 1,289,955 shares in the last quarter. Finally, Thoroughbred Financial Services LLC raised its stake in shares of Union Pacific by 17,755.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 798,662 shares of the railroad operator’s stock worth $79,866,000 after purchasing an additional 794,189 shares in the last quarter. 79.30% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. Cowen reaffirmed a “buy” rating and set a $184.00 price target on shares of Union Pacific in a research note on Thursday, July 18th. Stifel Nicolaus set a $170.00 price target on Union Pacific and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. BMO Capital Markets set a $44.00 price target on Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. Cascend Securities downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Credit Suisse Group set a $203.00 price objective on Union Pacific and gave the company a “buy” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. Union Pacific currently has a consensus rating of “Buy” and a consensus target price of $182.62.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.10. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.62 billion. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 EPS. As a group, sell-side analysts anticipate that Union Pacific Co. will post 8.96 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a $0.97 dividend. The ex-dividend date is Thursday, August 29th. This represents a $3.88 dividend on an annualized basis and a yield of 2.16%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio (DPR) is 44.50%.
In other Union Pacific news, Director William J. Delaney III bought 5,000 shares of the stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $174.06 per share, with a total value of $870,300.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $870,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 1,380 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $180.01, for a total value of $248,413.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $17,090,689.43. The disclosure for this sale can be found here. Company insiders own 9.96% of the company’s stock.
About Union Pacific
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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