Market Update (NYSE:UNP): Union Pacific Corporation Announces a $3.75 Billion Capital Plan for 2016 and Declares First Quarter 2016 Dividend

[PR Newswire] – OMAHA, Neb., Feb. 4, 2016 /PRNewswire/ — The Board of Directors of Union Pacific Corporation (UNP) today approved the company’s 2016 capital plan of approximately $3.75 billion, down about $550 million versus 2015. The plan includes $375 million to further implement Positive Train Control. The Board also declared a quarterly dividend of 55 cents per share on the company’s common stock, payable March 31, 2016, to shareholders of record February 29, 2016. Union Pacific Railroad is the principal operating company of Union Pacific Corporation (UNP). Read more on this. Union Pacific Corporation (UNP) , valued at $64.63B, opened this morning at $72.02. During today’s session, UNP traded between $72.02 to $76.42 with its 52-week range being $67.06 to $124.52. UNP shares are currently priced at 13.30x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 11.03x forward p/e ratio. The company pays shareholders $2.20 per share in dividend income per year, for a current yield of 3.06%. According to a consensus of 25 analysts, the earnings estimate of $1.17 per share would be $0.13 worse than the year-ago quarter and a $0.22 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.39 would be a $0.10 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.04 Billion. If realized, that would be a 10.16% decrease over the year-ago quarter. Recently, Barclays downgraded UNP from Overweight to Equal Weight (Oct 5, 2015). Previously, Macquarie downgraded UNP from Outperform to Neutral. With the above information in mind, readers should note that the average price target is $84.62, which is 17.50% above where the stock opened this morning. See more in (NYSE:UNP) Similar Articles: Stock Update: Union Pacific Corporation (NYSE:UNP) – Union Pacific Corporation CFO Rob Knight to Address Stifel Nicolaus, BB&T and Barclays Investor Conferences Company Update (NYSE:UNP): Union Pacific Corporation Declares Fourth Quarter 2015 Dividend Market Update: Union Pacific Corporation (NYSE:UNP) – Union Pacific Corporation Invites You to Join Its Third Quarter 2015 Earnings Release Broadcast