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Union Pacific (NYSE:UNP) had its target price hoisted by Deutsche Bank from $197.00 to $206.00 in a research note issued to investors on Friday, July 19th, BenzingaRatingsTable reports. Deutsche Bank currently has a buy rating on the railroad operator’s stock.
Several other research firms have also recently issued reports on UNP. TD Securities raised their target price on shares of Union Pacific from $170.00 to $180.00 and gave the stock a hold rating in a research report on Monday, April 22nd. Stifel Nicolaus set a $170.00 price target on shares of Union Pacific and gave the company a hold rating in a research report on Tuesday, April 23rd. Sanford C. Bernstein raised shares of Royal Mail from a market perform rating to an outperform rating in a research report on Monday, June 17th. Cascend Securities cut shares of Union Pacific from a buy rating to a hold rating in a research report on Wednesday, July 17th. Finally, Cowen reissued a buy rating and set a $184.00 target price on shares of Union Pacific in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. Union Pacific has an average rating of Buy and a consensus target price of $182.62.
NYSE:UNP traded up $1.02 during mid-day trading on Friday, hitting $174.23. 1,627,783 shares of the company’s stock traded hands, compared to its average volume of 3,185,197. The stock has a market capitalization of $122.03 billion, a P/E ratio of 20.57, a PEG ratio of 1.93 and a beta of 1.04. Union Pacific has a 1 year low of $128.08 and a 1 year high of $180.02. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26. The business has a 50 day simple moving average of $170.45.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the previous year, the firm posted $1.98 earnings per share. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. Research analysts anticipate that Union Pacific will post 8.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 2.23%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio is currently 44.50%.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 1,380 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $180.01, for a total value of $248,413.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $17,090,689.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William J. Delaney III purchased 5,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was acquired at an average cost of $174.06 per share, with a total value of $870,300.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $870,300. The disclosure for this purchase can be found here. 9.96% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its holdings in Union Pacific by 29.1% in the first quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock worth $2,712,416,000 after buying an additional 3,653,756 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Union Pacific by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock valued at $1,330,401,000 after buying an additional 688,775 shares in the last quarter. Northern Trust Corp boosted its holdings in Union Pacific by 3.4% in the fourth quarter. Northern Trust Corp now owns 8,284,737 shares of the railroad operator’s stock valued at $1,145,199,000 after acquiring an additional 270,547 shares during the last quarter. Norges Bank bought a new position in Union Pacific in the fourth quarter valued at about $1,036,317,000. Finally, Legal & General Group Plc boosted its holdings in Union Pacific by 4.5% in the fourth quarter. Legal & General Group Plc now owns 4,294,917 shares of the railroad operator’s stock valued at $593,686,000 after acquiring an additional 186,625 shares during the last quarter. Institutional investors own 78.93% of the company’s stock.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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