Fred Alger Management Inc. reduced its stake in shares of Union Pacific Co. (NYSE:UNP) by 31.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 934,107 shares of the railroad operator’s stock after selling 430,477 shares during the period. Fred Alger Management Inc. owned 0.12% of Union Pacific worth $101,734,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Pathstone Family Office LLC boosted its holdings in shares of Union Pacific by 41.3% during the 2nd quarter. Pathstone Family Office LLC now owns 178 shares of the railroad operator’s stock worth $2,304,000 after purchasing an additional 52 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Union Pacific by 36.3% in the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock valued at $111,000 after acquiring an additional 274 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Union Pacific by 46.6% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock valued at $117,000 after acquiring an additional 340 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in Union Pacific by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after acquiring an additional 686 shares during the last quarter. Finally, Ullmann Financial Group Inc. acquired a new position in Union Pacific in the first quarter valued at approximately $122,000. Institutional investors and hedge funds own 78.63% of the company’s stock.
Union Pacific Co. (NYSE UNP) traded up $0.65 during trading hours on Monday, reaching $129.11. The company’s stock had a trading volume of 3,628,500 shares, compared to its average volume of 3,584,605. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 0.83. Union Pacific Co. has a one year low of $101.06 and a one year high of $132.00. The firm has a market capitalization of $101,630.00, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.09 and a beta of 0.90.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the prior year, the firm earned $1.36 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. equities analysts predict that Union Pacific Co. will post 5.78 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 2.06%. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Wednesday, November 29th. Union Pacific’s dividend payout ratio is 47.08%.
A number of research analysts recently commented on UNP shares. BidaskClub upgraded Union Pacific from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Stifel Nicolaus upped their price objective on Union Pacific from $118.00 to $120.00 and gave the company a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price objective on shares of Union Pacific in a report on Friday, August 25th. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 price objective on shares of Union Pacific in a report on Friday, September 15th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $116.00 price objective on shares of Union Pacific in a report on Sunday, September 17th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $118.53.
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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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