Investors Buy Shares of Union Pacific Corp. (UNP) on Weakness After Insider Selling
Investors purchased shares of Union Pacific Corp. (NYSE:UNP) on weakness during trading hours on Wednesday after an insider sold shares in the company. $113.21 million flowed into the stock on the tick-up and $43.96 million flowed out of the stock on the tick-down, for a money net flow of $69.25 million into the stock. Of all stocks tracked, Union Pacific Corp. had the 4th highest net in-flow for the day. Union Pacific Corp. traded down ($0.63) for the day and closed at $95.91Specifically, EVP Cameron A. Scott sold 6,484 shares of Union Pacific Corp. stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $98.44, for a total transaction 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 approximately $7,020,740.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of Union Pacific Corp. stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $97.00, for a total value of $485,000.00. Following the sale, the executive vice president now directly owns 150,660 shares of the company’s stock, valued at $14,614,020. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
A number of analysts have issued reports on UNP shares. Oppenheimer Holdings Inc. started coverage on Union Pacific Corp. in a report on Wednesday, June 15th. They set a “market perform” rating for the company. Scotiabank downgraded Union Pacific Corp. from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $93.00 to $88.00 in a report on Monday, June 20th. Howard Weil downgraded Union Pacific Corp. to a “sector perform” rating in a report on Tuesday, June 21st. Vetr raised Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $86.92 price target for the company in a report on Monday, June 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $100.00 target price on shares of Union Pacific Corp. in a research report on Thursday, July 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $96.12.
The firm has a market cap of $79.88 billion, a P/E ratio of 18.67 and a beta of 0.84. The firm has a 50-day moving average price of $95.37 and a 200 day moving average price of $89.20.
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Union Pacific Corp. (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 21st. The railroad operator reported $1.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.17. Union Pacific Corp. had a net margin of 21.48% and a return on equity of 21.29%. The business had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the business earned $1.38 earnings per share. The business’s revenue for the quarter was down 12.1% on a year-over-year basis. On average, equities research analysts expect that Union Pacific Corp. will post $5.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.29%. Union Pacific Corp.’s dividend payout ratio is presently 42.80%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Orrstown Financial Services Inc. raised its position in Union Pacific Corp. by 1.8% in the third quarter. Orrstown Financial Services Inc. now owns 9,557 shares of the railroad operator’s stock worth $932,000 after buying an additional 171 shares in the last quarter. Canandaigua National Bank & Trust Co. raised its position in Union Pacific Corp. by 0.5% in the third quarter. Canandaigua National Bank & Trust Co. now owns 6,645 shares of the railroad operator’s stock worth $648,000 after buying an additional 32 shares in the last quarter. Prospera Financial Services Inc bought a new position in Union Pacific Corp. during the third quarter worth approximately $205,000. Genesee Valley Trust Co. raised its position in Union Pacific Corp. by 36.7% in the third quarter. Genesee Valley Trust Co. now owns 8,080 shares of the railroad operator’s stock worth $788,000 after buying an additional 2,169 shares in the last quarter. Finally, Patten & Patten Inc. TN raised its position in Union Pacific Corp. by 9.4% in the third quarter. Patten & Patten Inc. TN now owns 4,493 shares of the railroad operator’s stock worth $438,000 after buying an additional 385 shares in 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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