MUFG Securities EMEA plc raised its stake in Union Pacific Co. (NYSE:UNP) by 378.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 96,000 shares of the railroad operator’s stock after buying an additional 75,953 shares during the quarter. MUFG Securities EMEA plc’s holdings in Union Pacific were worth $13,270,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in UNP. Paradigm Financial Partners LLC bought a new stake in Union Pacific during the fourth quarter worth about $912,000. Winthrop Partners WNY LLC lifted its holdings in shares of Union Pacific by 30.6% in the third quarter. Winthrop Partners WNY LLC now owns 7,155 shares of the railroad operator’s stock worth $1,165,000 after acquiring an additional 1,676 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Union Pacific by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 1,340,870 shares of the railroad operator’s stock worth $185,348,000 after acquiring an additional 24,984 shares during the last quarter. Segment Wealth Management LLC lifted its holdings in shares of Union Pacific by 5.9% in the fourth quarter. Segment Wealth Management LLC now owns 32,454 shares of the railroad operator’s stock worth $4,486,000 after acquiring an additional 1,820 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Union Pacific by 2.2% in the fourth quarter. BlackRock Inc. now owns 48,020,051 shares of the railroad operator’s stock worth $6,637,811,000 after acquiring an additional 1,029,260 shares during the last quarter. 79.63% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on UNP shares. Loop Capital increased their target price on shares of Union Pacific from $188.00 to $193.00 and gave the stock a “positive” rating in a report on Thursday, January 24th. Deutsche Bank set a $200.00 target price on shares of Union Pacific and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada raised Union Pacific from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Zacks Investment Research raised Union Pacific from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, Citigroup upped their price objective on Union Pacific from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $175.35.
Shares of UNP traded down $1.35 during trading hours on Thursday, reaching $175.49. The stock had a trading volume of 2,159,272 shares, compared to its average volume of 4,104,063. Union Pacific Co. has a 12 month low of $126.37 and a 12 month high of $179.55. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 1.32. The stock has a market cap of $125.10 billion, a P/E ratio of 22.19, a P/E/G ratio of 1.95 and a beta of 1.11.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The company had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period last year, the business earned $1.68 EPS. Union Pacific’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, analysts expect that Union Pacific Co. will post 9.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 28th were paid a dividend of $0.88 per share. The ex-dividend date was Wednesday, February 27th. This is a boost from Union Pacific’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a yield of 2.01%. Union Pacific’s dividend payout ratio (DPR) is 44.50%.
Union Pacific announced that its board has approved a share 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 purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is 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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