Stewart & Patten Co. LLC trimmed its stake in Union Pacific Co. (NYSE:UNP) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,426 shares of the railroad operator’s stock after selling 3,817 shares during the period. Union Pacific comprises about 1.4% of Stewart & Patten Co. LLC’s investment portfolio, making the stock its 28th largest position. Stewart & Patten Co. LLC’s holdings in Union Pacific were worth $7,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently made changes to their positions in UNP. Perennial Advisors LLC grew its holdings in shares of Union Pacific by 3.4% during the fourth quarter. Perennial Advisors LLC now owns 22,610 shares of the railroad operator’s stock worth $3,032,000 after purchasing an additional 745 shares during the last quarter. Exane Derivatives grew its holdings in shares of Union Pacific by 55,600.0% during the fourth quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock worth $149,000 after purchasing an additional 1,112 shares during the last quarter. Welch & Forbes LLC grew its holdings in shares of Union Pacific by 1.8% during the fourth quarter. Welch & Forbes LLC now owns 29,188 shares of the railroad operator’s stock worth $3,914,000 after purchasing an additional 516 shares during the last quarter. Advisor Partners LLC grew its holdings in shares of Union Pacific by 10.9% during the fourth quarter. Advisor Partners LLC now owns 17,114 shares of the railroad operator’s stock worth $2,417,000 after purchasing an additional 1,685 shares during the last quarter. Finally, Townsend & Associates Inc bought a new stake in shares of Union Pacific during the fourth quarter worth $1,220,000. Hedge funds and other institutional investors own 78.41% of the company’s stock.
UNP has been the topic of several research analyst reports. UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Barclays restated a “buy” rating and set a $150.00 target price on shares of Union Pacific in a report on Wednesday, December 13th. Argus increased their target price on Union Pacific from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Wednesday, November 1st. Finally, BMO Capital Markets restated a “buy” rating and set a $150.00 target price on shares of Union Pacific in a report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $130.40.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.01). The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.44 billion. Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. Union Pacific’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 EPS. equities analysts forecast that Union Pacific Co. will post 7.51 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be issued a $0.73 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.92 annualized dividend and a yield of 2.19%. Union Pacific’s dividend payout ratio (DPR) is currently 19.67%.
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Union Pacific Company Profile
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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