Matthew Goff Investment Advisor LLC grew its position in Union Pacific Co. (NYSE:UNP) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,424 shares of the railroad operator’s stock after acquiring an additional 2,302 shares during the quarter. Union Pacific comprises 1.7% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 26th largest position. Matthew Goff Investment Advisor LLC’s holdings in Union Pacific were worth $3,876,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Union Pacific by 46.6% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock worth $117,000 after buying an additional 340 shares in the last quarter. Acrospire Investment Management LLC lifted its position in Union Pacific by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock worth $131,000 after buying an additional 300 shares in the last quarter. Community Bank N.A. lifted its position in Union Pacific by 3.0% during the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after buying an additional 45 shares in the last quarter. Jacobi Capital Management LLC lifted its position in Union Pacific by 6.6% during the second quarter. Jacobi Capital Management LLC now owns 1,705 shares of the railroad operator’s stock worth $185,000 after buying an additional 105 shares in the last quarter. Finally, American National Bank lifted its position in Union Pacific by 24.4% during the second quarter. American National Bank now owns 1,782 shares of the railroad operator’s stock worth $194,000 after buying an additional 350 shares in the last quarter. Institutional investors and hedge funds own 78.45% of the company’s stock.
Shares of Union Pacific Co. (NYSE UNP) opened at $140.35 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.97 and a current ratio of 1.16. The stock has a market capitalization of $110,480.00, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 1.97 and a beta of 0.90. Union Pacific Co. has a one year low of $101.06 and a one year high of $141.40.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. equities analysts expect that Union Pacific Co. will post 5.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were paid a $0.665 dividend. The ex-dividend date was Wednesday, November 29th. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.90%. Union Pacific’s payout ratio is presently 47.08%.
A number of brokerages recently commented on UNP. Morgan Stanley lifted their price objective on Union Pacific from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 31st. BMO Capital Markets reiterated a “buy” rating and set a $123.00 price objective on shares of Union Pacific in a research report on Friday, September 15th. Goldman Sachs Group began coverage on Union Pacific in a research report on Monday, November 13th. They set a “sell” rating and a $103.00 price objective on the stock. Wolfe Research upgraded Union Pacific from a “market perform” rating to an “outperform” rating in a research report on Friday, January 5th. Finally, Daiwa Capital Markets raised Union Pacific from a “hold” rating to an “outperform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. Union Pacific presently has an average rating of “Hold” and an average price target of $121.21.
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Union Pacific 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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