Global Retirement Partners LLC increased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,019 shares of the railroad operator’s stock after purchasing an additional 54 shares during the period. Global Retirement Partners LLC’s holdings in Union Pacific were worth $837,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in UNP. Principal Financial Group Inc. lifted its position in shares of Union Pacific by 17.6% during the 2nd quarter. Principal Financial Group Inc. now owns 2,149,192 shares of the railroad operator’s stock worth $363,364,000 after buying an additional 321,039 shares during the last quarter. FMR LLC boosted its stake in shares of Union Pacific by 9.0% during the second quarter. FMR LLC now owns 9,885,795 shares of the railroad operator’s stock valued at $1,671,391,000 after purchasing an additional 816,580 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Union Pacific by 22.8% during the second quarter. Stephens Inc. AR now owns 34,859 shares of the railroad operator’s stock worth $5,894,000 after purchasing an additional 6,469 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in shares of Union Pacific during the second quarter worth about $26,821,000. Finally, WFA of San Diego LLC bought a new stake in shares of Union Pacific during the second quarter worth about $201,000. Institutional investors and hedge funds own 78.16% of the company’s stock.
Several analysts have recently weighed in on UNP shares. BMO Capital Markets boosted their price target on Union Pacific from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday. Barclays restated a “neutral” rating on shares of Union Pacific in a report on Monday. JPMorgan Chase & Co. upped their target price on Union Pacific from $212.00 to $216.00 and gave the company a “neutral” rating in a report on Tuesday. BidaskClub upgraded Union Pacific from a “hold” rating to a “buy” rating in a report on Wednesday, December 30th. Finally, Raymond James reduced their target price on Union Pacific from $227.00 to $220.00 and set a “strong-buy” rating on the stock in a report on Friday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $199.38.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 22nd. The railroad operator reported $2.01 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.05). Union Pacific had a return on equity of 32.45% and a net margin of 27.54%. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.97 billion. During the same period in the previous year, the company earned $2.22 earnings per share. Union Pacific’s revenue for the quarter was down 10.8% compared to the same quarter last year. Equities research analysts anticipate that Union Pacific Co. will post 7.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 30th. Investors of record on Monday, November 30th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, November 27th. This represents a $3.88 annualized dividend and a yield of 1.79%. Union Pacific’s dividend payout ratio (DPR) is currently 46.30%.
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 to grain processors, animal feeders, ethanol producers, and other agricultural users; 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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