Union Pacific Co. (NYSE:UNP) – Investment analysts at Seaport Global Securities lowered their Q1 2019 EPS estimates for shares of Union Pacific in a research note issued on Monday, April 1st, Zacks Investment Research reports. Seaport Global Securities analyst M. Levin now forecasts that the railroad operator will earn $1.92 per share for the quarter, down from their prior forecast of $2.04. Seaport Global Securities has a “Buy” rating and a $165.00 price objective on the stock. Seaport Global Securities also issued estimates for Union Pacific’s Q2 2019 earnings at $2.25 EPS, Q3 2019 earnings at $2.47 EPS and Q4 2019 earnings at $2.45 EPS.
Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus set a $170.00 price objective on shares of Union Pacific and gave the company a “hold” rating in a research note on Tuesday. Deutsche Bank set a $200.00 target price on shares of Union Pacific and gave the stock a “buy” rating in a research note on Monday. TD Securities increased their target price on shares of Union Pacific from $170.00 to $180.00 and gave the stock a “hold” rating in a research note on Monday. Raymond James increased their target price on shares of Union Pacific from $192.00 to $201.00 and gave the stock a “strong-buy” rating in a research note on Monday. Finally, BMO Capital Markets increased their target price on shares of Union Pacific to $190.00 and gave the stock an “outperform” rating in a research note on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $175.35.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the previous year, the company earned $1.68 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year.
Union Pacific announced that its Board of Directors has initiated a share buyback program on Thursday, February 7th that permits the company to buyback 150,000,000 outstanding shares. This buyback authorization permits the railroad operator to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 28th were issued a $0.88 dividend. The ex-dividend date was Wednesday, February 27th. This is a boost from Union Pacific’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a yield of 1.99%. Union Pacific’s dividend payout ratio (DPR) is 44.50%.
In other Union Pacific news, VP Todd M. Rynaski sold 8,802 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.00, for a total value of $1,496,340.00. Following the completion of the transaction, the vice president now directly owns 19,731 shares of the company’s stock, valued at $3,354,270. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rhonda S. Ferguson sold 11,485 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $175.00, for a total transaction of $2,009,875.00. Following the completion of the transaction, the executive vice president now directly owns 53,858 shares of the company’s stock, valued at $9,425,150. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,287 shares of company stock valued at $5,206,315. 9.96% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Martingale Asset Management L P boosted its position in Union Pacific by 27.7% during the third quarter. Martingale Asset Management L P now owns 40,528 shares of the railroad operator’s stock worth $6,600,000 after acquiring an additional 8,800 shares during the last quarter. Bridgeway Capital Management Inc. acquired a new stake in Union Pacific during the third quarter worth approximately $523,000. GSA Capital Partners LLP boosted its position in Union Pacific by 307.7% during the third quarter. GSA Capital Partners LLP now owns 6,197 shares of the railroad operator’s stock worth $1,009,000 after acquiring an additional 4,677 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Union Pacific by 55.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,557 shares of the railroad operator’s stock worth $11,001,000 after acquiring an additional 24,097 shares during the last quarter. Finally, GAM Holding AG boosted its position in Union Pacific by 97.4% during the third quarter. GAM Holding AG now owns 3,506 shares of the railroad operator’s stock worth $570,000 after acquiring an additional 1,730 shares during the last quarter. 79.69% of the stock is 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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