Creekmur Asset Management LLC lowered its position in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 43.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 156 shares of the railroad operator’s stock after selling 122 shares during the period. Creekmur Asset Management LLC’s holdings in Union Pacific were worth $38,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. OLD Point Trust & Financial Services N A acquired a new position in shares of Union Pacific in the 4th quarter valued at about $25,000. Richardson Capital Management LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at about $26,000. Raleigh Capital Management Inc. lifted its stake in shares of Union Pacific by 211.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 74 shares during the period. Scarborough Advisors LLC acquired a new position in shares of Union Pacific in the 4th quarter valued at about $29,000. Finally, Tributary Capital Management LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at about $30,000. Institutional investors own 80.38% of the company’s stock.
Insider Activity at Union Pacific
In related news, insider Whited Elizabeth 3,553 shares of Union Pacific stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Union Pacific Price Performance
Shares of UNP stock traded down $2.63 on Thursday, reaching $244.10. The company’s stock had a trading volume of 427,699 shares, compared to its average volume of 2,295,554. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66. The company has a market capitalization of $148.93 billion, a P/E ratio of 23.54, a PEG ratio of 2.17 and a beta of 1.06. The stock’s 50 day simple moving average is $230.32 and its 200-day simple moving average is $239.15.
Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $2.57 earnings per share. As a group, equities analysts predict that Union Pacific Co. will post 11.12 earnings per share for the current fiscal year.
Union Pacific Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is currently 51.15%.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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