Stanley Laman Group Ltd. increased its position in shares of Union Pacific Co. (NYSE:UNP) by 1.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,294 shares of the railroad operator’s stock after acquiring an additional 167 shares during the period. Stanley Laman Group Ltd.’s holdings in Union Pacific were worth $2,352,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Cobblestone Capital Advisors LLC NY acquired a new position in Union Pacific during the 4th quarter worth about $219,000. Princeton Global Asset Management LLC lifted its holdings in Union Pacific by 59.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,071 shares of the railroad operator’s stock worth $223,000 after buying an additional 400 shares during the period. MainStreet Investment Advisors LLC lifted its holdings in Union Pacific by 70.8% during the 4th quarter. MainStreet Investment Advisors LLC now owns 2,472 shares of the railroad operator’s stock worth $515,000 after buying an additional 1,025 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in Union Pacific by 23.2% during the 4th quarter. SeaCrest Wealth Management LLC now owns 5,489 shares of the railroad operator’s stock worth $1,143,000 after buying an additional 1,032 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in Union Pacific by 26.8% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 1,890 shares of the railroad operator’s stock worth $394,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 77.83% of the company’s stock.
Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Union Pacific from $212.00 to $216.00 and gave the stock a “neutral” rating in a report on Tuesday, January 12th. TD Securities lifted their target price on Union Pacific from $225.00 to $230.00 and gave the stock a “hold” rating in a report on Monday, January 11th. Raymond James dropped their price objective on Union Pacific from $250.00 to $245.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 22nd. Sanford C. Bernstein raised Union Pacific from a “market perform” rating to an “outperform” rating in a research note on Monday, January 11th. Finally, Morgan Stanley boosted their price objective on Union Pacific from $160.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, January 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $203.38.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Wednesday, January 20th. The railroad operator reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.11. Union Pacific had a return on equity of 31.71% and a net margin of 27.40%. During the same quarter last year, the company posted $2.02 earnings per share. As a group, analysts predict that Union Pacific Co. will post 8.02 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Friday, February 26th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Thursday, February 25th. Union Pacific’s dividend payout ratio is currently 46.30%.
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 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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