Joel Isaacson & Co. LLC cut its holdings in Union Pacific Corporation (NYSE:UNP) by 5.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,318 shares of the railroad operator’s stock after selling 328 shares during the period. Joel Isaacson & Co. LLC’s holdings in Union Pacific Corporation were worth $579,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of UNP. AQR Capital Management LLC increased its stake in shares of Union Pacific Corporation by 212.5% in the first quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock worth $252,911,000 after purchasing an additional 1,623,701 shares during the period. American Century Companies Inc. increased its stake in shares of Union Pacific Corporation by 102.4% in the first quarter. American Century Companies Inc. now owns 2,450,688 shares of the railroad operator’s stock worth $259,577,000 after purchasing an additional 1,239,636 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of Union Pacific Corporation by 11,520.3% in the second quarter. Harbour Capital Advisors LLC now owns 1,127,981 shares of the railroad operator’s stock worth $10,357,000 after purchasing an additional 1,118,274 shares during the period. Prudential Financial Inc. increased its stake in shares of Union Pacific Corporation by 82.9% in the first quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock worth $235,547,000 after purchasing an additional 1,007,720 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Union Pacific Corporation in the first quarter worth about $92,495,000. Institutional investors and hedge funds own 78.37% of the company’s stock.
UNP has been the topic of a number of recent analyst reports. Citigroup Inc. reiterated a “buy” rating and issued a $120.00 price objective on shares of Union Pacific Corporation in a research note on Monday, July 10th. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a research note on Friday, August 11th. Zacks Investment Research upgraded Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research note on Thursday, July 13th. Morgan Stanley lowered Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $102.00 to $100.00 in a research note on Monday, October 2nd. Finally, Stifel Nicolaus lifted their price objective on Union Pacific Corporation from $118.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.36.
Union Pacific Corporation (NYSE:UNP) last announced 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 net margin of 21.79% and a return on equity of 22.70%. The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the firm earned $1.17 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.605 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.42 annualized dividend and a dividend yield of 2.13%. Union Pacific Corporation’s dividend payout ratio is presently 43.84%.
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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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