Resources Management Corp CT ADV bought a new stake in Union Pacific Co. (NYSE:UNP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,719 shares of the railroad operator’s stock, valued at approximately $2,060,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of UNP. Nuveen Asset Management LLC boosted its stake in Union Pacific by 1,957.4% during the second quarter. Nuveen Asset Management LLC now owns 8,164,209 shares of the railroad operator’s stock worth $1,380,648,000 after buying an additional 7,767,384 shares during the period. Invesco Ltd. lifted its holdings in shares of Union Pacific by 106.4% in the 2nd quarter. Invesco Ltd. now owns 4,282,775 shares of the railroad operator’s stock worth $724,260,000 after acquiring an additional 2,207,908 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Union Pacific by 15,152.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,792,513 shares of the railroad operator’s stock worth $290,351,000 after acquiring an additional 1,780,761 shares during the last quarter. Soroban Capital Partners LP boosted its position in shares of Union Pacific by 69.6% during the 2nd quarter. Soroban Capital Partners LP now owns 4,320,067 shares of the railroad operator’s stock worth $730,567,000 after purchasing an additional 1,772,727 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Union Pacific by 10.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,804,736 shares of the railroad operator’s stock worth $2,074,113,000 after purchasing an additional 1,253,490 shares during the period. 77.69% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on UNP shares. TD Securities cut their target price on Union Pacific from $175.00 to $170.00 and set a “hold” rating on the stock in a research report on Friday, October 18th. UBS Group dropped their price objective on Union Pacific from $193.00 to $184.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Wells Fargo & Co initiated coverage on Union Pacific in a research note on Monday, October 28th. They issued a “market perform” rating and a $162.00 price objective for the company. BMO Capital Markets cut their price objective on Union Pacific from $190.00 to $188.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. Finally, Cowen reissued a “buy” rating and set a $172.00 target price on shares of Union Pacific in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $178.86.
NYSE:UNP traded up $3.46 during midday trading on Wednesday, reaching $171.46. The company had a trading volume of 3,592,419 shares, compared to its average volume of 3,467,218. Union Pacific Co. has a 12-month low of $128.08 and a 12-month high of $180.54. The firm has a market capitalization of $122.17 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.07 and a beta of 1.07. The company has a current ratio of 0.89, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The stock’s fifty day simple moving average is $172.42 and its 200-day simple moving average is $168.91.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.07). The company had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Union Pacific had a return on equity of 32.65% and a net margin of 27.28%. Union Pacific’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.15 EPS. As a group, sell-side analysts expect that Union Pacific Co. will post 8.52 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, November 29th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.26%. Union Pacific’s payout ratio is 49.05%.
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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