Burgundy Asset Management Ltd. decreased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 7.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,857,430 shares of the railroad operator’s stock after selling 302,892 shares during the period. Union Pacific Corporation makes up approximately 4.0% of Burgundy Asset Management Ltd.’s holdings, making the stock its 2nd largest position. Burgundy Asset Management Ltd. owned about 0.48% of Union Pacific Corporation worth $408,579,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. First American Bank boosted its stake in shares of Union Pacific Corporation by 8.7% in the first quarter. First American Bank now owns 46,204 shares of the railroad operator’s stock valued at $4,894,000 after buying an additional 3,713 shares in the last quarter. Univest Corp of Pennsylvania boosted its stake in shares of Union Pacific Corporation by 14.5% in the first quarter. Univest Corp of Pennsylvania now owns 33,492 shares of the railroad operator’s stock valued at $3,547,000 after buying an additional 4,231 shares in the last quarter. Pennsylvania Trust Co boosted its stake in shares of Union Pacific Corporation by 6.1% in the first quarter. Pennsylvania Trust Co now owns 95,629 shares of the railroad operator’s stock valued at $10,129,000 after buying an additional 5,463 shares in the last quarter. Legacy Private Trust Co. boosted its stake in shares of Union Pacific Corporation by 1.7% in the first quarter. Legacy Private Trust Co. now owns 49,281 shares of the railroad operator’s stock valued at $5,220,000 after buying an additional 818 shares in the last quarter. Finally, CrestPoint Capital Management LLC acquired a new stake in shares of Union Pacific Corporation during the first quarter valued at about $201,000. 79.94% of the stock is owned by institutional investors.
Union Pacific Corporation (NYSE:UNP) traded down 0.78% on Wednesday, hitting $105.38. 968,902 shares of the company were exchanged. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $115.15. The firm has a 50 day moving average of $105.39 and a 200-day moving average of $107.55. The stock has a market cap of $84.34 billion, a PE ratio of 19.11 and a beta of 0.81.
Union Pacific Corporation (NYSE:UNP) last issued its earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. Union Pacific Corporation’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business earned $1.17 earnings per share. On average, equities analysts expect that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.605 per share. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.28%. Union Pacific Corporation’s payout ratio is presently 43.84%.
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Several research firms have recently weighed in on UNP. Cowen and Company increased their price target on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the company a “market perform” rating in a research note on Friday, April 28th. Credit Suisse Group increased their price target on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, May 26th. Zacks Investment Research raised shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research note on Tuesday, May 30th. BMO Capital Markets reissued a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $116.00 price target on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Union Pacific Corporation currently has an average rating of “Hold” and a consensus target price of $113.28.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation stock in a transaction on 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 of the company’s stock, valued at $10,272,572. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company 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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