Daiwa Securities Group Inc. reduced its position in Union Pacific Co. (NYSE:UNP) by 14.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,480 shares of the railroad operator’s stock after selling 11,518 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Union Pacific were worth $11,412,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Camarda Financial Advisors LLC increased its holdings 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 during the period. Squar Milner Financial Services LLC boosted its stake in shares of 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 purchasing an additional 129 shares in the last quarter. Mackey Komara & Dankovich LLC acquired a new stake in shares of Union Pacific in the 1st quarter valued at approximately $29,000. Manchester Financial Inc. acquired a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $39,000. Finally, Investors Research Corp acquired a new stake in shares of Union Pacific in the 1st quarter valued at approximately $42,000. 79.30% of the stock is currently owned by hedge funds and other institutional investors.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the completion of the sale, the executive vice president now owns 94,943 shares in the company, valued at approximately $17,093,537.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Delaney III bought 5,000 shares of Union Pacific stock in a transaction dated Monday, May 20th. The stock was purchased at an average price of $174.06 per share, with a total value of $870,300.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $870,300. The disclosure for this purchase can be found here. Insiders own 9.96% of the company’s stock.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.10. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. Union Pacific’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.98 EPS. On average, sell-side analysts expect that Union Pacific Co. will post 8.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Thursday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s payout ratio is 44.50%.
Several equities research analysts recently commented on the stock. Cowen reiterated a “buy” rating and set a $184.00 target price on shares of Union Pacific in a research report on Thursday, July 18th. Zacks Investment Research upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 target price on the stock in a research report on Monday, July 22nd. BMO Capital Markets lifted their target price on shares of Union Pacific to $190.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. UBS Group set a $201.00 target price on shares of Union Pacific and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Deutsche Bank lifted their target price on shares of Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $182.62.
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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