Union Pacific Co. (NYSE:UNP) declared a quarterly dividend on Thursday, July 30th, RTT News reports. Investors of record on Monday, August 31st will be paid a dividend of 0.97 per share by the railroad operator on Wednesday, September 30th. This represents a $3.88 dividend on an annualized basis and a yield of 2.24%.
Union Pacific has increased its dividend by an average of 64.1% annually over the last three years and has increased its dividend every year for the last 10 years. Union Pacific has a payout ratio of 51.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Union Pacific to earn $8.95 per share next year, which means the company should continue to be able to cover its $3.88 annual dividend with an expected future payout ratio of 43.4%.
Shares of UNP stock opened at $173.35 on Friday. The firm has a market capitalization of $117.68 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 2.30 and a beta of 1.06. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.96 and a quick ratio of 0.84. The business has a fifty day moving average of $170.60 and a 200 day moving average of $164.04. Union Pacific has a 1 year low of $105.08 and a 1 year high of $188.96.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.11. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.34 billion. Union Pacific had a return on equity of 32.45% and a net margin of 27.54%. The firm’s quarterly revenue was down 24.2% on a year-over-year basis. During the same quarter last year, the business posted $2.22 EPS. As a group, equities research analysts expect that Union Pacific will post 7.72 earnings per share for the current year.
In related news, EVP Elizabeth F. Whited sold 5,000 shares of Union Pacific stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $171.08, for a total value of $855,400.00. Following the sale, the executive vice president now directly owns 72,934 shares in the company, valued at approximately $12,477,548.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Elizabeth F. Whited sold 4,400 shares of Union Pacific stock in a transaction dated Thursday, July 16th. The stock was sold at an average price of $176.00, for a total value of $774,400.00. Following the completion of the sale, the executive vice president now owns 72,334 shares in the company, valued at $12,730,784. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.
A number of brokerages recently issued reports on UNP. Raymond James raised their target price on Union Pacific from $194.00 to $198.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 24th. Cowen lifted their price objective on Union Pacific from $156.00 to $163.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Wells Fargo & Co lifted their price objective on Union Pacific from $154.00 to $171.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Cfra reduced their price objective on Union Pacific from $190.00 to $172.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Union Pacific from $193.00 to $163.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $176.23.
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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