Union Pacific (NYSE:UNP) had its price objective lowered by Morgan Stanley from $134.00 to $128.00 in a report issued on Monday morning, BenzingaRatingsTable reports. Morgan Stanley currently has an underweight rating on the railroad operator’s stock.
A number of other equities research analysts have also recently commented on UNP. Barclays reissued a buy rating on shares of 1&1 Drillisch in a research note on Thursday, June 13th. Raymond James reissued a buy rating on shares of West Fraser Timber in a research note on Monday, April 22nd. Deutsche Bank raised shares of CYBERAGENT INC/ADR from a hold rating to a buy rating in a research note on Wednesday, June 12th. TD Securities increased their price objective on shares of Union Pacific from $170.00 to $180.00 and gave the company a hold rating in a research note on Monday, April 22nd. Finally, Citigroup set a $20.00 price objective on shares of Compania de Minas Buenaventura SAA and gave the company a buy rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $176.57.
Shares of UNP opened at $171.75 on Monday. The company has a 50-day moving average of $169.41. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.75 and a quick ratio of 0.60. The stock has a market cap of $120.13 billion, a P/E ratio of 21.71, a PEG ratio of 1.89 and a beta of 1.04. Union Pacific has a 52-week low of $128.08 and a 52-week high of $180.02.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 2.05%. Union Pacific’s dividend payout ratio is currently 44.50%.
In related news, Director William J. Delaney III bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $174.06 per share, with a total value of $870,300.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $870,300. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Rhonda S. Ferguson sold 11,485 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $175.00, for a total transaction of $2,009,875.00. Following the completion of the sale, the executive vice president now directly owns 53,858 shares in the company, valued at $9,425,150. The disclosure for this sale can be found here. 9.96% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Citizens Bank & Trust Co. raised its holdings in Union Pacific by 22.3% in the second quarter. First Citizens Bank & Trust Co. now owns 18,874 shares of the railroad operator’s stock valued at $3,192,000 after buying an additional 3,446 shares during the period. Stock Yards Bank & Trust Co. raised its holdings in Union Pacific by 5.4% in the second quarter. Stock Yards Bank & Trust Co. now owns 8,126 shares of the railroad operator’s stock valued at $1,374,000 after buying an additional 414 shares during the period. Webster Bank N. A. raised its holdings in Union Pacific by 27.0% in the second quarter. Webster Bank N. A. now owns 5,012 shares of the railroad operator’s stock valued at $848,000 after buying an additional 1,067 shares during the period. Lourd Capital LLC raised its holdings in Union Pacific by 6.0% in the second quarter. Lourd Capital LLC now owns 1,937 shares of the railroad operator’s stock valued at $328,000 after buying an additional 110 shares during the period. Finally, AMF Pensionsforsakring AB raised its holdings in Union Pacific by 7.7% in the second quarter. AMF Pensionsforsakring AB now owns 181,718 shares of the railroad operator’s stock valued at $30,730,000 after buying an additional 12,942 shares during the period. 78.93% of the stock is currently owned by institutional investors and hedge funds.
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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