Investors Buy Union Pacific Corp. (UNP) on Weakness on Insider Selling
Investors purchased shares of Union Pacific Corp. (NYSE:UNP) on weakness during trading hours on Thursday 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 equities 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 owns 71,320 shares of the company’s stock, valued at approximately $7,020,740.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of Union Pacific Corp. stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $95.24, for a total value of $952,400.00. Following the sale, the executive vice president now directly owns 150,660 shares of the company’s stock, valued at approximately $14,348,858.40. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research raised Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research report on Tuesday, October 4th. Vertical Research assumed coverage on Union Pacific Corp. in a report on Tuesday. They issued a “hold” rating for the company. Loop Capital reissued a “hold” rating on shares of Union Pacific Corp. in a report on Friday, September 9th. Morgan Stanley set a $100.00 price objective on Union Pacific Corp. and gave the company a “buy” rating in a report on Thursday, August 18th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and issued a $94.00 price objective on shares of Union Pacific Corp. in a report on Sunday, August 21st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $96.12.
The company has a 50-day moving average price of $95.36 and a 200-day moving average price of $89.25. The stock has a market cap of $80.58 billion, a P/E ratio of 18.84 and a beta of 0.84.
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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 (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. Union Pacific Corp. had a return on equity of 21.29% and a net margin of 21.48%. The firm earned $4.77 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period in the previous year, the firm posted $1.38 EPS. The company’s quarterly revenue was down 12.1% compared to the same quarter last year. On average, equities analysts predict that Union Pacific Corp. will post $5.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were given a dividend of $0.55 per share. The ex-dividend date was Monday, August 29th. This represents a $2.20 annualized dividend and a dividend yield of 2.27%. Union Pacific Corp.’s dividend payout ratio is currently 42.80%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. West Oak Capital LLC boosted its stake in 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Union Pacific Corp. during the second quarter valued at approximately $108,000. Lenox Wealth Advisors Inc. boosted its stake in 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 during the last quarter. Tradewinds Capital Management LLC boosted its stake in 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. Finally, Community Bank N.A. boosted its stake in 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. Hedge funds and other institutional investors 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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