Union Pacific Corporation (UNP) Downgraded by Citigroup Inc. to “Neutral”
Citigroup Inc. lowered shares of Union Pacific Corporation (NYSE:UNP) from a buy rating to a neutral rating in a research note published on Wednesday morning. Citigroup Inc. currently has $120.00 target price on the railroad operator’s stock.
Other equities analysts also recently issued research reports about the company. BidaskClub raised Union Pacific Corporation from a strong sell rating to a sell rating in a research report on Friday, August 18th. Stifel Nicolaus reaffirmed a hold rating and set a $118.00 price target (up previously from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. Morgan Stanley downgraded Union Pacific Corporation from an overweight rating to an equal weight rating and reduced their price target for the stock from $102.00 to $100.00 in a research report on Monday. Zacks Investment Research downgraded Union Pacific Corporation from a buy rating to a hold rating in a research report on Monday, July 24th. Finally, Wolfe Research downgraded Union Pacific Corporation from an outperform rating to a market perform rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $113.26.
Shares of Union Pacific Corporation (NYSE:UNP) traded up 0.05% during trading on Wednesday, reaching $113.83. 2,116,953 shares of the company traded hands. The stock has a market cap of $91.11 billion, a P/E ratio of 20.64 and a beta of 0.84. The stock’s 50 day moving average price is $109.41 and its 200-day moving average price is $108.05. Union Pacific Corporation has a 12 month low of $87.06 and a 12 month high of $116.93.
Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the firm posted $1.17 EPS. The business’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts expect that Union Pacific Corporation will post $5.78 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were paid a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.
In related news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction on Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the sale, the executive vice president now owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fulton Bank N.A. raised its stake in Union Pacific Corporation by 11.5% in the 3rd quarter. Fulton Bank N.A. now owns 5,219 shares of the railroad operator’s stock valued at $606,000 after acquiring an additional 539 shares during the period. Curbstone Financial Management Corp raised its stake in Union Pacific Corporation by 96.9% in the 3rd quarter. Curbstone Financial Management Corp now owns 5,770 shares of the railroad operator’s stock valued at $669,000 after acquiring an additional 2,840 shares during the period. Yorkville Capital Management LLC bought a new stake in Union Pacific Corporation in the 2nd quarter valued at $202,000. Burgundy Asset Management Ltd. raised its stake in Union Pacific Corporation by 1.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,897,599 shares of the railroad operator’s stock valued at $424,488,000 after acquiring an additional 40,169 shares during the period. Finally, Perigon Wealth Management LLC raised its stake in Union Pacific Corporation by 347.5% in the 2nd quarter. Perigon Wealth Management LLC now owns 11,139 shares of the railroad operator’s stock valued at $1,213,000 after acquiring an additional 8,650 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.
About Union Pacific Corporation
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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