Park National Corp OH decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,398 shares of the railroad operator’s stock after selling 761 shares during the quarter. Park National Corp OH’s holdings in Union Pacific were worth $5,309,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Camarda Financial Advisors LLC increased its position in shares of Union Pacific by 673.7% during the first quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 128 shares in the last quarter. Squar Milner Financial Services LLC raised its holdings 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 acquiring an additional 129 shares during the last quarter. Mackey Komara & Dankovich LLC acquired a new stake in shares of Union Pacific during the 1st quarter worth $29,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Union Pacific during the 1st quarter worth $30,000. Finally, Clarfeld Financial Advisors LLC acquired a new stake in Union Pacific in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 78.93% of the company’s stock.
A number of research analysts have recently weighed in on UNP shares. Credit Suisse Group set a $203.00 price target on shares of Union Pacific and gave the company a “buy” rating in a report on Friday. Goldman Sachs Group lowered shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. Stifel Nicolaus set a $170.00 target price on shares of Union Pacific and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. BMO Capital Markets set a $44.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. Finally, Cascend Securities downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $182.00.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 1,380 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $180.01, for a total value of $248,413.80. Following the transaction, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at $17,090,689.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William J. Delaney III bought 5,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was purchased at an average cost of $174.06 per share, for a total transaction of $870,300.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $870,300. The disclosure for this purchase can be found here. 9.96% of the stock is currently owned by corporate insiders.
UNP traded down $0.36 during midday trading on Tuesday, hitting $173.22. The stock had a trading volume of 2,566,103 shares, compared to its average volume of 3,697,780. The stock has a market capitalization of $122.42 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.97 and a beta of 1.04. The company’s fifty day moving average is $170.15. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.72. Union Pacific Co. has a 1 year low of $128.08 and a 1 year high of $180.02.
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 analysts’ consensus estimates of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the firm posted $1.98 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, research analysts expect that Union Pacific Co. will post 8.88 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were issued a $0.88 dividend. The ex-dividend date was Thursday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 2.03%. Union Pacific’s dividend payout ratio (DPR) is 44.50%.
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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