Client 1ST Advisory Group LLC acquired a new stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,400 shares of the railroad operator's stock, valued at approximately $319,000.
Several other institutional investors and hedge funds have also modified their holdings of UNP. Marshall Wace LLP boosted its position in shares of Union Pacific by 272.3% during the second quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator's stock worth $379,689,000 after buying an additional 1,227,318 shares during the period. International Assets Investment Management LLC boosted its position in Union Pacific by 19,878.6% during the 3rd quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator's stock worth $220,856,000 after acquiring an additional 891,555 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Union Pacific by 9.3% in the third quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator's stock valued at $1,795,993,000 after purchasing an additional 625,492 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Union Pacific by 2,025.4% during the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator's stock worth $134,636,000 after purchasing an additional 520,536 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Union Pacific by 170.9% in the third quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator's stock valued at $181,470,000 after purchasing an additional 464,477 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
UNP has been the subject of several analyst reports. Evercore ISI cut Union Pacific from an "outperform" rating to an "inline" rating and decreased their price objective for the company from $254.00 to $247.00 in a report on Wednesday, September 25th. Benchmark reiterated a "buy" rating and set a $266.00 price objective on shares of Union Pacific in a research note on Friday, October 25th. Robert W. Baird decreased their target price on shares of Union Pacific from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. TD Cowen dropped their price target on shares of Union Pacific from $255.00 to $252.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com lowered shares of Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of "Moderate Buy" and a consensus target price of $259.35.
Get Our Latest Report on UNP
Union Pacific Stock Performance
Shares of NYSE:UNP traded down $0.90 on Monday, reaching $233.99. 3,643,704 shares of the company's stock were exchanged, compared to its average volume of 2,141,562. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $141.86 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.02 and a beta of 1.06. The company has a fifty day moving average of $233.83 and a 200-day moving average of $239.04. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66.
Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. Union Pacific's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.51 earnings per share. On average, research analysts predict that Union Pacific Co. will post 10.95 EPS for the current fiscal year.
Union Pacific Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.29%. Union Pacific's payout ratio is 49.22%.
About Union Pacific
(
Free Report)
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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