Traynor Capital Management Inc. lessened its position in Union Pacific Co. (NYSE:UNP) by 12.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,626 shares of the railroad operator’s stock after selling 389 shares during the period. Traynor Capital Management Inc.’s holdings in Union Pacific were worth $450,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Camarda Financial Advisors LLC grew its holdings in shares of Union Pacific by 673.7% in the 1st quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 128 shares during the last quarter. Squar Milner Financial Services LLC grew its stake in Union Pacific by 368.6% in the first 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 purchased a new position in Union Pacific in the first quarter valued at about $29,000. Joseph P. Lucia & Associates LLC purchased a new position in Union Pacific in the first quarter valued at about $30,000. Finally, Manchester Financial Inc. purchased a new position in Union Pacific in the second quarter valued at about $39,000. 79.32% of the stock is currently owned by institutional investors.
A number of research analysts have commented on UNP shares. ValuEngine downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets boosted their target price on Union Pacific to $190.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Deutsche Bank boosted their price target on Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Stifel Nicolaus set a $170.00 price target on Union Pacific and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Finally, Credit Suisse Group set a $203.00 price objective on Union Pacific and gave the stock a “buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $182.62.
Union Pacific (NYSE:UNP) last released its quarterly earnings results 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 net margin of 26.95% and a return on equity of 31.74%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the previous year, the business earned $1.98 earnings per share. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. Sell-side analysts anticipate that Union Pacific Co. will post 8.96 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 2.33%. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s dividend payout ratio (DPR) is 44.50%.
In related 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 value of $1,551,944.80. Following the sale, the executive vice president now owns 94,943 shares of the company’s stock, valued at $17,093,537.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William J. Delaney III acquired 5,000 shares of Union Pacific stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average cost of $174.06 per share, for a total transaction of $870,300.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $870,300. The disclosure for this purchase can be found here. Company insiders own 9.96% of the company’s stock.
Union Pacific 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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