Douglass Winthrop Advisors LLC Raises Stock Position in Union Pacific Corporation $UNP

Douglass Winthrop Advisors LLC boosted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 77.5% in the third quarter, HoldingsChannel.com reports. The fund owned 23,412 shares of the railroad operator’s stock after purchasing an additional 10,222 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Union Pacific were worth $5,534,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of Union Pacific in the third quarter valued at about $174,127,000. BOKF NA raised its position in shares of Union Pacific by 0.6% during the 3rd quarter. BOKF NA now owns 86,386 shares of the railroad operator’s stock worth $20,419,000 after purchasing an additional 515 shares during the last quarter. SevenBridge Financial Group LLC raised its position in shares of Union Pacific by 17.3% during the 3rd quarter. SevenBridge Financial Group LLC now owns 19,409 shares of the railroad operator’s stock worth $4,339,000 after purchasing an additional 2,862 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its stake in Union Pacific by 77.3% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 153,928 shares of the railroad operator’s stock valued at $36,384,000 after buying an additional 67,118 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Union Pacific by 163.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 151,358 shares of the railroad operator’s stock valued at $35,776,000 after buying an additional 93,860 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Up 0.4%

Shares of UNP opened at $251.21 on Thursday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $268.14. The firm has a market capitalization of $149.06 billion, a P/E ratio of 20.99, a P/E/G ratio of 2.73 and a beta of 0.95. The firm has a 50-day moving average price of $246.01 and a 200 day moving average price of $233.53. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64.

Union Pacific (NYSE:UNP) last issued its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.Union Pacific’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $2.91 earnings per share. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 2.2%. Union Pacific’s dividend payout ratio is currently 46.12%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Susquehanna reiterated a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. BMO Capital Markets restated a “market perform” rating and issued a $295.00 target price on shares of Union Pacific in a research report on Thursday, February 19th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, January 27th. Citigroup reiterated a “buy” rating and set a $270.00 price target (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. Finally, Barclays reissued an “overweight” rating and issued a $285.00 price objective (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $263.77.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.