Union Pacific Co. (UNP) Stake Increased by Simmons Bank

Simmons Bank grew its position in Union Pacific Co. (NYSE:UNP) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,271 shares of the railroad operator’s stock after buying an additional 630 shares during the quarter. Simmons Bank’s holdings in Union Pacific were worth $5,014,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Gradient Investments LLC boosted its stake in Union Pacific by 117.1% during the fourth quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock worth $33,000 after acquiring an additional 130 shares in the last quarter. Tributary Capital Management LLC acquired a new position in Union Pacific during the fourth quarter worth $42,000. Contravisory Investment Management Inc. raised its holdings in Union Pacific by 186.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 369 shares of the railroad operator’s stock worth $51,000 after buying an additional 240 shares during the last quarter. CX Institutional raised its holdings in Union Pacific by 793.1% during the fourth quarter. CX Institutional now owns 518 shares of the railroad operator’s stock worth $72,000 after buying an additional 460 shares during the last quarter. Finally, Highwater Wealth Management LLC acquired a new position in Union Pacific during the fourth quarter worth $80,000. Institutional investors own 83.30% of the company’s stock.

NYSE:UNP opened at $168.88 on Thursday. Union Pacific Co. has a twelve month low of $125.31 and a twelve month high of $169.17. The firm has a market capitalization of $121.09 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.67 and a beta of 1.10. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.02.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, January 24th. The railroad operator reported $2.12 EPS for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.06. The firm had revenue of $5.76 billion for the quarter, compared to analysts’ expectations of $5.73 billion. Union Pacific had a net margin of 26.13% and a return on equity of 27.95%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 EPS. As a group, analysts predict that Union Pacific Co. will post 9.1 earnings per share for the current fiscal year.

Union Pacific declared that its Board of Directors has initiated a share buyback program on Thursday, February 7th that permits the company to repurchase 150,000,000 outstanding shares. This repurchase authorization permits the railroad operator to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be paid a $0.88 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $3.52 dividend on an annualized basis and a yield of 2.08%. Union Pacific’s payout ratio is presently 40.46%.

Several brokerages have recently commented on UNP. TD Securities increased their target price on shares of Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a report on Friday, January 25th. Cowen reiterated a “buy” rating on shares of Union Pacific in a report on Thursday, January 24th. Argus increased their target price on shares of Union Pacific to $175.00 and gave the company a “positive” rating in a report on Friday, January 25th. Loop Capital increased their target price on shares of Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a report on Thursday, January 24th. Finally, Credit Suisse Group raised their price objective on shares of Union Pacific from $166.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, January 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $169.39.

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About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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