Union Pacific Corp. (UNP) Downgraded by Vetr Inc. to “Sell”
Union Pacific Corp. (NYSE:UNP) was downgraded by stock analysts at Vetr from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday. They currently have a $89.88 price objective on the railroad operator’s stock. Vetr‘s target price indicates a potential downside of 5.42% from the company’s current price.
Several other equities research analysts have also recently commented on the company. Credit Suisse Group AG restated a “buy” rating and set a $106.00 price target on shares of Union Pacific Corp. in a research note on Tuesday, September 13th. Zacks Investment Research upgraded Union Pacific Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Barclays PLC upped their price target on Union Pacific Corp. from $91.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday, September 12th. JPMorgan Chase & Co. restated a “hold” rating and set a $94.00 price target on shares of Union Pacific Corp. in a research note on Sunday, August 21st. Finally, Morgan Stanley upgraded Union Pacific Corp. from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $78.00 to $90.00 in a research note on Friday, June 3rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $95.56.
Shares of Union Pacific Corp. (NYSE:UNP) traded up 2.03% on Wednesday, reaching $95.03. The company’s stock had a trading volume of 2,523,985 shares. The company has a 50 day moving average of $94.21 and a 200 day moving average of $87.67. Union Pacific Corp. has a 1-year low of $67.06 and a 1-year high of $98.28. The stock has a market capitalization of $79.15 billion, a P/E ratio of 18.50 and a beta of 0.92.
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Union Pacific Corp. (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 21st. The railroad operator reported $1.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.17. Union Pacific Corp. had a return on equity of 21.29% and a net margin of 21.48%. The company earned $4.77 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same quarter in the previous year, the business earned $1.38 earnings per share. The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. Equities research analysts expect that Union Pacific Corp. will post $5.03 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.32%. Union Pacific Corp.’s dividend payout ratio (DPR) is 42.80%.
In related news, EVP Robert M. Knight, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $95.24, for a total transaction of $952,400.00. Following the sale, the executive vice president now directly owns 150,660 shares in the company, valued at approximately $14,348,858.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $97.00, for a total value of $485,000.00. Following the sale, the executive vice president now owns 150,660 shares in the company, valued at $14,614,020. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in UNP. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Union Pacific Corp. during the second quarter valued at approximately $108,000. Tradewinds Capital Management LLC increased its stake in shares of Union Pacific Corp. by 22.4% in the second quarter. Tradewinds Capital Management LLC now owns 1,364 shares of the railroad operator’s stock valued at $119,000 after buying an additional 250 shares during the last quarter. Community Bank N.A. increased its stake in shares of Union Pacific Corp. by 41.9% in the second quarter. Community Bank N.A. now owns 1,422 shares of the railroad operator’s stock valued at $124,000 after buying an additional 420 shares during the last quarter. Arcadia Investment Management Corp MI increased its stake in shares of Union Pacific Corp. by 164.4% in the second quarter. Arcadia Investment Management Corp MI now owns 1,507 shares of the railroad operator’s stock valued at $131,000 after buying an additional 937 shares during the last quarter. Finally, Delphi Private Advisors LLC increased its stake in shares of Union Pacific Corp. by 0.8% in the second quarter. Delphi Private Advisors LLC now owns 1,547 shares of the railroad operator’s stock valued at $135,000 after buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 78.14% of the company’s stock.
Union Pacific Corp. Company Profile
Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.
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