Los Angeles Capital Management & Equity Research Inc. lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,737 shares of the railroad operator’s stock after selling 3,516 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Union Pacific were worth $1,477,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp grew its stake in shares of Union Pacific by 15.5% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock valued at $109,803,000 after buying an additional 134,950 shares in the last quarter. Community Bank N.A. grew its stake in shares of Union Pacific by 3.0% in the 2nd quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock valued at $168,000 after buying an additional 45 shares in the last quarter. Northeast Investment Management grew its stake in shares of Union Pacific by 2.8% in the 2nd quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock valued at $30,305,000 after buying an additional 7,663 shares in the last quarter. Barings LLC grew its stake in shares of Union Pacific by 357.1% in the 1st quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock valued at $5,104,000 after buying an additional 37,643 shares in the last quarter. Finally, Greystone Managed Investments Inc. grew its stake in shares of Union Pacific by 8.9% in the 2nd quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock valued at $9,161,000 after buying an additional 6,890 shares in the last quarter. Hedge funds and other institutional investors own 78.47% of the company’s stock.
A number of brokerages have recently commented on UNP. Robert W. Baird reiterated a “hold” rating and set a $116.00 price target on shares of Union Pacific in a report on Sunday, September 17th. Morgan Stanley lowered Union Pacific from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $102.00 to $100.00 in a report on Monday, October 2nd. Citigroup lowered Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 price target for the company. in a report on Wednesday, October 4th. Aegis lowered Union Pacific from a “buy” rating to a “hold” rating and upped their price target for the stock from $120.00 to $122.00 in a report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. upped their price target on Union Pacific from $106.00 to $113.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $124.00.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.01. The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 earnings per share. equities research analysts forecast that Union Pacific Co. will post 5.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were issued a $0.665 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date was Wednesday, November 29th. This represents a $2.66 annualized dividend and a yield of 1.88%. Union Pacific’s dividend payout ratio (DPR) is currently 47.08%.
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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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