Andra AP fonden trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 39.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,900 shares of the railroad operator’s stock after selling 7,700 shares during the quarter. Andra AP fonden’s holdings in Union Pacific were worth $1,928,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in Union Pacific during the 2nd quarter worth approximately $25,000. Selective Wealth Management Inc. bought a new stake in shares of Union Pacific in the third quarter worth $25,000. Candriam Luxembourg S.C.A. grew its stake in shares of Union Pacific by 10.1% in the third quarter. Candriam Luxembourg S.C.A. now owns 163,196 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 14,927 shares during the last quarter. River & Mercantile Asset Management LLP acquired a new stake in Union Pacific in the second quarter valued at $29,000. Finally, Financial Gravity Wealth Inc. raised its position in Union Pacific by 78.8% during the 3rd quarter. Financial Gravity Wealth Inc. now owns 186 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 82 shares during the last quarter. 77.69% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the company. UBS Group reduced their price target on Union Pacific from $193.00 to $184.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Wells Fargo & Co began coverage on Union Pacific in a research report on Monday, October 28th. They set a “market perform” rating and a $162.00 price objective for the company. Credit Suisse Group lifted their price objective on Union Pacific from $182.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. TD Securities reduced their target price on Union Pacific from $175.00 to $170.00 and set a “hold” rating on the stock in a report on Friday, October 18th. Finally, Bank of America decreased their target price on shares of Union Pacific from $179.00 to $167.00 and set a “neutral” rating for the company in a research report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Union Pacific currently has an average rating of “Hold” and a consensus price target of $178.86.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.07). The company had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.65 billion. Union Pacific had a net margin of 27.28% and a return on equity of 32.65%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the firm posted $2.15 earnings per share. On average, equities analysts predict that Union Pacific Co. will post 8.52 earnings per share 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 given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, November 27th. Union Pacific’s payout ratio is 49.05%.
About Union Pacific
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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