ACG Wealth cut its holdings in Union Pacific Co. (NYSE:UNP) by 31.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,572 shares of the railroad operator’s stock after selling 3,900 shares during the quarter. ACG Wealth’s holdings in Union Pacific were worth $994,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Putnam FL Investment Management Co. acquired a new position in Union Pacific during the 3rd quarter valued at $7,542,000. Stratos Wealth Partners LTD. raised its stake in Union Pacific by 56.7% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 27,771 shares of the railroad operator’s stock valued at $3,221,000 after purchasing an additional 10,047 shares during the last quarter. Heritage Wealth Advisors raised its stake in Union Pacific by 10.0% during the 3rd quarter. Heritage Wealth Advisors now owns 11,883 shares of the railroad operator’s stock valued at $1,378,000 after purchasing an additional 1,084 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Union Pacific by 2.3% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 116,926 shares of the railroad operator’s stock valued at $13,560,000 after purchasing an additional 2,629 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Union Pacific by 1.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 362,285 shares of the railroad operator’s stock valued at $38,638,000 after purchasing an additional 6,641 shares during the last quarter. Hedge funds and other institutional investors own 78.47% of the company’s stock.
Several brokerages have issued reports on UNP. UBS Group raised shares of Union Pacific from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $124.00 price target on shares of Union Pacific in a report on Thursday, November 9th. Goldman Sachs Group started coverage on shares of Union Pacific in a report on Monday, November 13th. They issued a “sell” rating and a $103.00 price target on the stock. Finally, BMO Capital Markets upped their target price on shares of Union Pacific from $123.00 to $127.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $124.00.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.32 billion. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. research analysts expect that Union Pacific Co. will post 5.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.89%. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date was Wednesday, November 29th. Union Pacific’s dividend payout ratio (DPR) is currently 47.08%.
About Union Pacific
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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