Cameron A. Scott Sells 6,484 Shares of Union Pacific Corp. (UNP) Stock
Union Pacific Corp. (NYSE:UNP) EVP Cameron A. Scott sold 6,484 shares of the business’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $98.44, for a total value of $638,284.96. Following the completion of the sale, the executive vice president now directly owns 71,320 shares of the company’s stock, valued at $7,020,740.80. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Union Pacific Corp. (NYSE:UNP) opened at 96.54 on Wednesday. Union Pacific Corp. has a 12-month low of $67.06 and a 12-month high of $98.84. The stock has a 50 day moving average of $95.37 and a 200 day moving average of $89.20. The company has a market cap of $80.41 billion, a PE ratio of 18.80 and a beta of 0.84.
Union Pacific Corp. (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 21st. The railroad operator reported $1.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. The business had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.80 billion. Union Pacific Corp. had a net margin of 21.48% and a return on equity of 21.29%. The company’s revenue was down 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.38 EPS. Equities analysts expect that Union Pacific Corp. will post $5.04 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Monday, August 29th. Union Pacific Corp.’s dividend payout ratio is presently 42.80%.
A number of equities analysts have issued reports on UNP shares. Vetr downgraded Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $90.44 price target for the company. in a research note on Wednesday, August 17th. Scotiabank downgraded Union Pacific Corp. from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $93.00 to $88.00 in a research note on Monday, June 20th. BMO Capital Markets reiterated an “outperform” rating and set a $100.00 price target on shares of Union Pacific Corp. in a research note on Thursday, July 7th. Zacks Investment Research downgraded Union Pacific Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Finally, Loop Capital reiterated a “hold” rating and set a $93.00 price target on shares of Union Pacific Corp. in a research note on Saturday, August 13th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. Union Pacific Corp. currently has a consensus rating of “Hold” and an average target price of $96.12.
Several hedge funds and other institutional investors have recently modified their holdings of UNP. West Oak Capital LLC boosted its position in shares of Union Pacific Corp. by 6.2% in the third quarter. West Oak Capital LLC now owns 1,094 shares of the railroad operator’s stock valued at $107,000 after buying an additional 64 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Union Pacific Corp. during the second quarter valued at $108,000. Lenox Wealth Advisors Inc. boosted its position in shares of Union Pacific Corp. by 4.9% in the third quarter. Lenox Wealth Advisors Inc. now owns 1,167 shares of the railroad operator’s stock valued at $114,000 after buying an additional 55 shares in the last quarter. Tradewinds Capital Management LLC boosted its position 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 in the last quarter. Finally, Community Bank N.A. boosted its position 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 in the last quarter. Institutional investors and hedge funds own 78.14% of the company’s stock.
About Union Pacific Corp.
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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