Goldman Sachs Group assumed coverage on shares of Union Pacific (NYSE:UNP) in a research note issued to investors on Monday, November 13th, MarketBeat.com reports. The brokerage issued a sell rating and a $103.00 target price on the railroad operator’s stock.
Several other research analysts have also issued reports on UNP. BMO Capital Markets reiterated a buy rating and set a $123.00 price objective on shares of Union Pacific in a research note on Friday, August 11th. Argus increased their price objective on Union Pacific from $125.00 to $130.00 and gave the stock a buy rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded Union Pacific from a hold rating to a buy rating and set a $130.00 price objective for the company in a research note on Wednesday, November 1st. Morgan Stanley lowered Union Pacific from an overweight rating to an equal weight rating and lowered their target price for the company from $102.00 to $100.00 in a research note on Monday, October 2nd. Finally, Robert W. Baird restated a hold rating and issued a $116.00 target price on shares of Union Pacific in a research note on Sunday, September 17th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $118.53.
Union Pacific (NYSE UNP) traded down $1.94 on Monday, hitting $124.62. The stock had a trading volume of 4,790,000 shares, compared to its average volume of 2,988,755. Union Pacific has a 12 month low of $101.06 and a 12 month high of $127.86. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $99,576.85, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio (DPR) is currently 47.00%.
A number of institutional investors have recently made changes to their positions in the stock. AXA boosted its stake in shares of Union Pacific by 14.7% during the 3rd quarter. AXA now owns 1,306,459 shares of the railroad operator’s stock worth $151,510,000 after acquiring an additional 167,341 shares during the period. Burgundy Asset Management Ltd. boosted its stake in shares of Union Pacific by 0.3% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 3,910,420 shares of the railroad operator’s stock worth $453,491,000 after acquiring an additional 12,821 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Union Pacific by 1,429.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 13,216 shares of the railroad operator’s stock worth $1,533,000 after acquiring an additional 12,352 shares during the period. Institutional & Family Asset Management LLC bought a new position in shares of Union Pacific during the 3rd quarter worth approximately $246,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Union Pacific during the 3rd quarter worth approximately $2,803,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.
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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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