Shelter Mutual Insurance Co decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,973 shares of the railroad operator’s stock after selling 5,400 shares during the quarter. Union Pacific accounts for about 2.7% of Shelter Mutual Insurance Co’s holdings, making the stock its 11th biggest position. Shelter Mutual Insurance Co’s holdings in Union Pacific were worth $9,466,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Camarda Financial Advisors LLC lifted its stake in Union Pacific by 673.7% in the 1st quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock valued at $25,000 after buying an additional 128 shares in the last quarter. Squar Milner Financial Services LLC lifted its stake in Union Pacific by 368.6% in the 1st quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock valued at $27,000 after buying an additional 129 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new stake in Union Pacific in the 1st quarter valued at approximately $29,000. Joseph P. Lucia & Associates LLC purchased a new stake in Union Pacific in the 1st quarter valued at approximately $30,000. Finally, Manchester Financial Inc. purchased a new stake in Union Pacific in the 2nd quarter valued at approximately $39,000. 79.02% of the stock is currently owned by institutional investors and hedge funds.
UNP has been the topic of a number of recent research reports. UBS Group set a $201.00 target price on Union Pacific and gave the company a “buy” rating in a research note on Friday, July 19th. BMO Capital Markets increased their price target on Union Pacific to $190.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Zacks Investment Research raised Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price target on the stock in a research note on Monday, July 22nd. Morgan Stanley set a $140.00 price target on Union Pacific and gave the stock a “sell” rating in a research note on Friday, July 19th. Finally, ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $182.62.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.98 EPS. As a group, equities analysts forecast that Union Pacific Co. will post 8.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.38%. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s dividend payout ratio is presently 44.50%.
In other news, Director William J. Delaney III acquired 5,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was acquired at an average cost of $174.06 per share, for a total transaction of $870,300.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $870,300. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total value of $1,551,944.80. Following the sale, the executive vice president now owns 94,943 shares of the company’s stock, valued at $17,093,537.72. The disclosure for this sale can be found here. Corporate 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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