Geode Capital Management LLC raised its stake in Union Pacific Co. (NYSE:UNP - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,813,686 shares of the railroad operator's stock after buying an additional 182,620 shares during the period. Geode Capital Management LLC owned approximately 2.11% of Union Pacific worth $3,146,451,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of Union Pacific in the second quarter worth about $28,000. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in Union Pacific in the 3rd quarter worth approximately $30,000. Jamison Private Wealth Management Inc. grew its position in Union Pacific by 265.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator's stock worth $32,000 after purchasing an additional 93 shares in the last quarter. Finally, Fairscale Capital LLC acquired a new stake in Union Pacific during the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 80.38% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Sanford C. Bernstein lowered their target price on Union Pacific from $277.00 to $272.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 9th. Citigroup increased their price target on shares of Union Pacific from $255.00 to $267.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th. Benchmark reissued a "buy" rating and issued a $266.00 price objective on shares of Union Pacific in a research note on Friday, October 25th. Evercore ISI downgraded shares of Union Pacific from an "outperform" rating to an "inline" rating and decreased their price objective for the stock from $254.00 to $247.00 in a report on Wednesday, September 25th. Finally, Susquehanna dropped their target price on shares of Union Pacific from $260.00 to $255.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $259.80.
Get Our Latest Stock Report on UNP
Union Pacific Price Performance
Shares of NYSE:UNP traded up $3.55 during trading on Tuesday, reaching $237.09. The stock had a trading volume of 2,931,351 shares, compared to its average volume of 2,338,855. The business's 50-day moving average price is $238.96 and its 200 day moving average price is $238.29. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The stock has a market capitalization of $143.74 billion, a PE ratio of 21.77, a P/E/G ratio of 2.31 and a beta of 1.05. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66.
Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts' consensus estimates of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.51 EPS. As a group, equities analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current year.
Union Pacific Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, December 9th. 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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