K.J. Harrison & Partners Inc trimmed its stake in Union Pacific Co. (NYSE:UNP) by 21.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,066 shares of the railroad operator’s stock after selling 559 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Union Pacific were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Union Pacific by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,425,071 shares of the railroad operator’s stock valued at $473,437,000 after buying an additional 22,644 shares in the last quarter. Geode Capital Management LLC raised its holdings in Union Pacific by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock valued at $1,330,401,000 after buying an additional 688,775 shares in the last quarter. Pinnacle Bank raised its holdings in Union Pacific by 1.4% during the first quarter. Pinnacle Bank now owns 5,598 shares of the railroad operator’s stock valued at $936,000 after buying an additional 75 shares in the last quarter. Intl Fcstone Inc. bought a new position in Union Pacific during the first quarter valued at about $263,000. Finally, ELM Advisors LLC raised its holdings in Union Pacific by 11.0% during the first quarter. ELM Advisors LLC now owns 4,802 shares of the railroad operator’s stock valued at $803,000 after buying an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.
In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the transaction, the executive vice president now directly owns 94,943 shares in the company, valued at $17,093,537.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.96% of the company’s stock.
Union Pacific (NYSE:UNP) last posted 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 for the quarter, compared to analyst estimates of $5.62 billion. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.98 earnings per share. Sell-side analysts anticipate that Union Pacific Co. will post 8.94 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 2.30%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, August 29th. Union Pacific’s payout ratio is currently 44.50%.
Several equities analysts have weighed in on UNP shares. Deutsche Bank raised their target price on Union Pacific from $197.00 to $206.00 and gave the company a “buy” rating in a report on Friday, July 19th. TD Securities raised their target price on Union Pacific from $170.00 to $180.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Loop Capital raised their target price on Union Pacific to $191.00 in a report on Friday, July 19th. Cascend Securities lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Stifel Nicolaus set a $170.00 target price on Union Pacific and gave the company a “hold” rating in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $182.62.
Union Pacific Company Profile
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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