ZWJ Investment Counsel Inc. trimmed its position in Union Pacific Co. (NYSE:UNP) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,509 shares of the railroad operator’s stock after selling 70 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Union Pacific were worth $593,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in UNP. Dimensional Fund Advisors LP lifted its holdings in shares of Union Pacific by 0.7% in 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 purchasing an additional 22,644 shares in the last quarter. Geode Capital Management LLC grew its stake 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 worth $1,330,401,000 after buying an additional 688,775 shares during the period. GYL Financial Synergies LLC purchased a new stake in Union Pacific during the fourth quarter worth approximately $473,000. Intellectus Partners LLC grew its stake in Union Pacific by 186.0% during the fourth quarter. Intellectus Partners LLC now owns 4,453 shares of the railroad operator’s stock worth $615,000 after buying an additional 2,896 shares during the period. Finally, Suntrust Banks Inc. grew its stake in Union Pacific by 1.1% during the fourth quarter. Suntrust Banks Inc. now owns 712,315 shares of the railroad operator’s stock worth $98,464,000 after buying an additional 7,621 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the 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 transaction, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $17,093,537.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William J. Delaney III acquired 5,000 shares of Union Pacific stock in a transaction on Monday, May 20th. The shares were bought at an average price of $174.06 per share, for a total transaction of $870,300.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $870,300. The disclosure for this purchase can be found here. 9.96% of the stock is currently owned by corporate insiders.
Union Pacific (NYSE:UNP) last announced its earnings results 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 business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.98 earnings per share. Sell-side analysts expect that Union Pacific Co. will post 8.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a dividend yield of 2.24%. Union Pacific’s dividend payout ratio is 44.50%.
Several equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Thursday. Atlantic Securities upgraded shares of Union Pacific from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $175.00 to $195.00 in a research note on Friday, July 26th. Deutsche Bank boosted their price objective on shares of Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Cascend Securities downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus set a $170.00 price objective on shares of Union Pacific and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average 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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