Conestoga Capital Advisors LLC held its stake in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, Holdings Channel reports. The firm owned 5,665 shares of the railroad operator’s stock at the end of the second quarter. Conestoga Capital Advisors LLC’s holdings in Union Pacific Corporation were worth $617,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Union Pacific Corporation by 0.4% in the first quarter. State Street Corp now owns 34,686,206 shares of the railroad operator’s stock worth $3,673,956,000 after buying an additional 127,803 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Union Pacific Corporation by 2.8% in the first quarter. First Eagle Investment Management LLC now owns 5,956,119 shares of the railroad operator’s stock worth $630,872,000 after buying an additional 163,532 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Union Pacific Corporation by 3.6% in the first quarter. Legal & General Group Plc now owns 4,365,934 shares of the railroad operator’s stock worth $462,450,000 after buying an additional 150,498 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Union Pacific Corporation by 21.6% in the first quarter. Ameriprise Financial Inc. now owns 2,996,965 shares of the railroad operator’s stock worth $317,475,000 after buying an additional 531,917 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Union Pacific Corporation by 25.9% in the first quarter. Swiss National Bank now owns 2,920,172 shares of the railroad operator’s stock worth $309,305,000 after buying an additional 600,300 shares during the last quarter. Institutional investors and hedge funds own 79.94% of the company’s stock.
Shares of Union Pacific Corporation (UNP) traded up 0.86% on Wednesday, reaching $105.75. 1,114,461 shares of the company’s stock traded hands. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $115.15. The company has a 50 day moving average of $105.84 and a 200-day moving average of $107.64. The stock has a market capitalization of $84.64 billion, a PE ratio of 19.18 and a beta of 0.81.
Union Pacific Corporation (NYSE:UNP) last posted its earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Equities research analysts forecast that Union Pacific Corporation will post $5.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 2.31%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is 43.84%.
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A number of equities research analysts have recently weighed in on UNP shares. Stifel Nicolaus restated a “hold” rating and issued a $118.00 price objective (up from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a report on Tuesday, May 30th. BidaskClub lowered shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Credit Suisse Group raised their price objective on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a report on Friday, May 26th. Finally, Deutsche Bank AG lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $132.00 to $110.00 in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $112.10.
In related news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the completion of the transaction, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.
About Union Pacific Corporation
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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