Brown Advisory Securities LLC cut its position in Union Pacific Co. (NYSE:UNP) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,045 shares of the railroad operator’s stock after selling 1,040 shares during the period. Brown Advisory Securities LLC’s holdings in Union Pacific were worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Ocean LLC purchased a new position in Union Pacific during the 4th quarter valued at about $25,000. Gradient Investments LLC grew its position in shares of Union Pacific by 117.1% in the 4th quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock worth $33,000 after buying an additional 130 shares during the last quarter. Tributary Capital Management LLC purchased a new position in shares of Union Pacific in the 4th quarter worth approximately $42,000. Essex Investment Management Co. LLC purchased a new position in shares of Union Pacific in the 4th quarter worth approximately $47,000. Finally, Howe & Rusling Inc. grew its position in shares of Union Pacific by 25.4% in the 4th quarter. Howe & Rusling Inc. now owns 346 shares of the railroad operator’s stock worth $48,000 after buying an additional 70 shares during the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on UNP. Cowen reaffirmed a “buy” rating and issued a $187.00 price objective on shares of Union Pacific in a research report on Thursday. ValuEngine raised shares of Union Pacific from a “hold” rating to a “buy” rating in a research report on Friday. Citigroup lifted their price objective on shares of Union Pacific from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Loop Capital downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and cut their price objective for the stock from $193.00 to $182.00 in a research report on Tuesday, March 19th. Finally, Zacks Investment Research downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $170.63.
Shares of Union Pacific stock traded up $7.38 during trading hours on Friday, reaching $176.66. 8,684,655 shares of the company’s stock were exchanged, compared to its average volume of 3,306,902. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 1.32. Union Pacific Co. has a 1 year low of $126.37 and a 1 year high of $177.77. The firm has a market capitalization of $127.70 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.97 and a beta of 1.11.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.04. Union Pacific had a net margin of 26.59% and a return on equity of 30.73%. The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. Union Pacific’s quarterly revenue was down 1.7% on a year-over-year basis. On average, research analysts anticipate that Union Pacific Co. will post 8.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 28th were given a $0.88 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.99%. This is a boost from Union Pacific’s previous quarterly dividend of $0.80. Union Pacific’s dividend payout ratio is presently 44.50%.
Union Pacific announced that its Board of Directors has initiated a stock buyback program on Thursday, February 7th that allows the company to buyback 150,000,000 outstanding shares. This buyback authorization allows the railroad operator to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
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Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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