Coldstream Capital Management Inc. boosted its stake in Union Pacific Co. (NYSE:UNP - Free Report) by 28.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,771 shares of the railroad operator's stock after buying an additional 3,286 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Union Pacific were worth $3,635,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the stock. State Street Corp grew its position in Union Pacific by 0.9% in the third quarter. State Street Corp now owns 24,788,337 shares of the railroad operator's stock worth $6,109,829,000 after acquiring an additional 217,780 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Union Pacific by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator's stock valued at $3,146,451,000 after purchasing an additional 182,620 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Union Pacific by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator's stock worth $1,880,701,000 after purchasing an additional 106,996 shares in the last quarter. Fisher Asset Management LLC increased its position in Union Pacific by 2.3% during the third quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator's stock worth $1,549,271,000 after buying an additional 143,896 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in Union Pacific by 2.1% during the second quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator's stock valued at $1,350,924,000 after buying an additional 124,571 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently issued reports on UNP. Barclays raised their target price on shares of Union Pacific from $275.00 to $285.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Susquehanna lowered their price target on Union Pacific from $260.00 to $255.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Raymond James boosted their price objective on Union Pacific from $265.00 to $275.00 and gave the stock a "strong-buy" rating in a research report on Monday, October 14th. Royal Bank of Canada lowered their target price on Union Pacific from $288.00 to $283.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Finally, TD Cowen dropped their price target on Union Pacific from $255.00 to $252.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Nine 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $259.80.
View Our Latest Report on Union Pacific
Union Pacific Trading Down 1.4 %
NYSE UNP traded down $3.23 on Wednesday, reaching $233.86. The company had a trading volume of 2,862,648 shares, compared to its average volume of 2,341,721. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The stock's 50 day moving average is $238.79 and its 200-day moving average is $238.33. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The stock has a market cap of $141.78 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 2.31 and a beta of 1.05.
Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share 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 analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $2.51 earnings per share. Equities analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current year.
Union Pacific Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $1.34 per share. The ex-dividend date is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.29%. Union Pacific's payout ratio is 49.22%.
Union Pacific Company Profile
(
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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