Bridges Investment Management Inc. lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 449,902 shares of the railroad operator’s stock after purchasing an additional 50,884 shares during the quarter. Union Pacific accounts for about 2.9% of Bridges Investment Management Inc.’s holdings, making the stock its 7th largest position. Bridges Investment Management Inc. owned about 0.06% of Union Pacific worth $63,743,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Lenox Wealth Advisors LLC bought a new position in Union Pacific in the 2nd quarter worth about $105,000. Landaas & Co. WI ADV bought a new position in shares of Union Pacific during the 2nd quarter valued at about $133,000. grace capital bought a new position in shares of Union Pacific during the 2nd quarter valued at about $142,000. Ballew Advisors Inc bought a new position in shares of Union Pacific during the 1st quarter valued at about $145,000. Finally, Exane Derivatives increased its position in shares of Union Pacific by 85.1% during the 2nd quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock valued at $155,000 after purchasing an additional 504 shares during the last quarter. Institutional investors own 80.45% of the company’s stock.
Several brokerages have recently commented on UNP. Morgan Stanley increased their price objective on Union Pacific from $125.00 to $136.00 and gave the company an “equal weight” rating in a research report on Friday, June 1st. Cowen reiterated a “market perform” rating and set a $153.00 price objective (up from $140.00) on shares of Union Pacific in a research report on Friday, June 1st. Zacks Investment Research lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Robert W. Baird increased their price objective on Union Pacific from $144.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, June 4th. Finally, Loop Capital increased their price objective on Union Pacific to $153.00 and gave the company a “hold” rating in a research report on Friday, June 1st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $147.35.
In related news, EVP Lynden L. Tennison sold 8,450 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the sale, the executive vice president now directly owns 53,978 shares in the company, valued at approximately $8,189,542.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.
Shares of UNP stock opened at $156.63 on Friday. The stock has a market cap of $115.58 billion, a P/E ratio of 27.05, a P/E/G ratio of 1.89 and a beta of 0.81. Union Pacific Co. has a 1-year low of $108.31 and a 1-year high of $157.95. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.03 and a quick ratio of 0.85.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.04. The company had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. Union Pacific’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 EPS. equities research analysts expect that Union Pacific Co. will post 7.76 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 31st will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $0.73. This represents a $3.20 annualized dividend and a yield of 2.04%. Union Pacific’s dividend payout ratio is currently 55.27%.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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