Union Pacific Co. (NYSE:UNP) declared a quarterly dividend on Thursday, May 16th, RTT News reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.88 per share by the railroad operator on Friday, June 28th. This represents a $3.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, May 30th.
Union Pacific has raised its dividend by an average of 4.3% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Union Pacific has a dividend payout ratio of 45.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Union Pacific to earn $10.24 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 34.4%.
Shares of UNP opened at $172.17 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.60 and a current ratio of 0.75. The company has a market capitalization of $121.87 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.93 and a beta of 1.11. Union Pacific has a twelve month low of $128.08 and a twelve month high of $180.02.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.04. The business had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.51 billion. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 earnings per share. Analysts anticipate that Union Pacific will post 9.07 earnings per share for the current year.
UNP has been the topic of a number of research reports. Cowen reissued an “outperform” rating and issued a $187.00 price objective (up previously from $178.00) on shares of Union Pacific in a research report on Thursday, April 18th. ValuEngine lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Raymond James boosted their price objective on shares of Union Pacific from $192.00 to $201.00 and gave the stock a “strong-buy” rating in a research report on Monday, April 22nd. Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, TD Securities boosted their price objective on shares of Union Pacific from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, January 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $175.35.
Union Pacific announced that its Board of Directors has approved a share buyback program on Thursday, February 7th that allows the company to repurchase 150,000,000 outstanding shares. This repurchase authorization allows the railroad operator to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
In related news, EVP Rhonda S. Ferguson sold 11,485 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $175.00, for a total transaction of $2,009,875.00. Following the transaction, the executive vice president now directly owns 53,858 shares in the company, valued at $9,425,150. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Todd M. Rynaski sold 8,802 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.00, for a total transaction of $1,496,340.00. Following the transaction, the vice president now owns 19,731 shares in the company, valued at $3,354,270. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,667 shares of company stock worth $5,454,729. 9.96% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in Union Pacific stock. Comerica Securities Inc. raised its stake in Union Pacific Co. (NYSE:UNP) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,104 shares of the railroad operator’s stock after purchasing an additional 467 shares during the period. Comerica Securities Inc.’s holdings in Union Pacific were worth $844,000 at the end of the most recent quarter. 80.25% of the stock is currently owned by institutional investors.
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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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