Glassman Wealth Services boosted its position in shares of Union Pacific Co. (NYSE:UNP) by 38.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 344 shares of the railroad operator’s stock after purchasing an additional 96 shares during the quarter. Glassman Wealth Services’ holdings in Union Pacific were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of UNP. Acadian Asset Management LLC boosted its position in Union Pacific by 10.8% during the 2nd quarter. Acadian Asset Management LLC now owns 12,607 shares of the railroad operator’s stock worth $2,133,000 after acquiring an additional 1,230 shares during the last quarter. Carillon Tower Advisers Inc. raised its stake in shares of Union Pacific by 4.7% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 159,063 shares of the railroad operator’s stock worth $26,899,000 after purchasing an additional 7,133 shares in the last quarter. Sciencast Management LP bought a new stake in shares of Union Pacific during the 2nd quarter worth approximately $777,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Union Pacific by 28.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 127,563 shares of the railroad operator’s stock worth $21,572,000 after purchasing an additional 28,263 shares in the last quarter. Finally, BB&T Securities LLC raised its stake in shares of Union Pacific by 2.4% during the 2nd quarter. BB&T Securities LLC now owns 121,037 shares of the railroad operator’s stock worth $20,468,000 after purchasing an additional 2,886 shares in the last quarter. Institutional investors own 78.35% of the company’s stock.
UNP has been the topic of a number of analyst reports. Deutsche Bank upped their price objective on Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Raymond James set a $197.00 price target on Union Pacific and gave the company a “buy” rating in a research note on Friday, July 19th. Sanford C. Bernstein set a $177.00 price target on Union Pacific and gave the company a “hold” rating in a research note on Friday, July 19th. Atlantic Securities upgraded Union Pacific from a “neutral” rating to an “overweight” rating and increased their price target for the company from $175.00 to $195.00 in a research note on Friday, July 26th. Finally, Goldman Sachs Group started coverage on Union Pacific in a research report on Wednesday, July 10th. They set a “buy” rating and a $198.00 price objective on the stock. 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 target price of $183.62.
In other news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.96% of the stock is owned by corporate insiders.
UNP stock opened at $171.06 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26. Union Pacific Co. has a 1-year low of $128.08 and a 1-year high of $180.54. The stock has a market cap of $118.06 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.87 and a beta of 1.06. The stock’s fifty day simple moving average is $167.15 and its two-hundred day simple moving average is $169.40.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.10. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.62 billion. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 EPS. As a group, analysts forecast that Union Pacific Co. will post 8.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a $0.97 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s dividend payout ratio is currently 49.05%.
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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