Union Pacific Corp. (UNP) Set to Announce Quarterly Earnings on Thursday
Union Pacific Corp. (NYSE:UNP) will be posting its Q316 quarterly earnings results on Thursday, October 20th. Analysts expect Union Pacific Corp. to post earnings of $1.38 per share and revenue of $5.14 billion for the quarter.
Shares of Union Pacific Corp. (NYSE:UNP) opened at 96.72 on Wednesday. The stock has a market cap of $80.56 billion, a P/E ratio of 18.83 and a beta of 0.84. Union Pacific Corp. has a 12-month low of $67.06 and a 12-month high of $98.84. The company has a 50 day moving average price of $95.52 and a 200 day moving average price of $89.82.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Monday, August 29th. Union Pacific Corp.’s dividend payout ratio is currently 42.80%.
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A number of equities research analysts recently weighed in on UNP shares. Vetr cut Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $90.44 price target on the stock. in a report on Wednesday, August 17th. BMO Capital Markets reiterated an “outperform” rating and set a $100.00 target price on shares of Union Pacific Corp. in a report on Thursday, July 7th. Zacks Investment Research cut Union Pacific Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Loop Capital reiterated a “hold” rating and set a $93.00 target price on shares of Union Pacific Corp. in a report on Saturday, August 13th. Finally, Atlantic Securities started coverage on Union Pacific Corp. in a report on Thursday, August 11th. They set an “overweight” rating and a $114.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. Union Pacific Corp. currently has a consensus rating of “Hold” and a consensus price target of $96.12.
In related news, EVP Cameron A. Scott sold 6,484 shares of Union Pacific Corp. stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $98.44, for a total transaction of $638,284.96. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of Union Pacific Corp. stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $97.00, for a total transaction of $485,000.00. Following the sale, the executive vice president now directly owns 150,660 shares in the company, valued at $14,614,020. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
Several large investors have recently made changes to their positions in UNP. Logan Capital Management Inc. bought a new stake in shares of Union Pacific Corp. during the second quarter valued at about $215,000. National Pension Service raised its stake in shares of Union Pacific Corp. by 9.1% in the second quarter. National Pension Service now owns 494,173 shares of the railroad operator’s stock valued at $43,117,000 after buying an additional 41,021 shares during the period. Hamilton Point Investment Advisors LLC raised its stake in shares of Union Pacific Corp. by 26.8% in the second quarter. Hamilton Point Investment Advisors LLC now owns 5,302 shares of the railroad operator’s stock valued at $463,000 after buying an additional 1,122 shares during the period. Burgundy Asset Management Ltd. raised its stake in shares of Union Pacific Corp. by 4.6% in the second quarter. Burgundy Asset Management Ltd. now owns 4,035,967 shares of the railroad operator’s stock valued at $352,138,000 after buying an additional 175,921 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Union Pacific Corp. by 48.1% in the second quarter. Alliancebernstein L.P. now owns 3,785,810 shares of the railroad operator’s stock valued at $330,312,000 after buying an additional 1,229,301 shares during the period. 78.08% of the stock is currently owned by institutional investors.
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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