Legal & General Group Plc lifted its holdings in Union Pacific Co. (NYSE:UNP) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,672,114 shares of the railroad operator’s stock after acquiring an additional 142,634 shares during the quarter. Legal & General Group Plc owned approximately 0.59% of Union Pacific worth $541,825,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in UNP. FMR LLC boosted its holdings in shares of Union Pacific by 84.6% in the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after acquiring an additional 4,399,980 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Union Pacific by 990.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,243,574 shares of the railroad operator’s stock worth $244,339,000 after acquiring an additional 2,037,834 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Union Pacific by 88.7% in the 2nd quarter. Voya Investment Management LLC now owns 4,060,423 shares of the railroad operator’s stock worth $442,221,000 after acquiring an additional 1,908,175 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Union Pacific by 59.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock worth $519,785,000 after acquiring an additional 1,776,644 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Union Pacific by 88.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,558,005 shares of the railroad operator’s stock worth $412,622,000 after acquiring an additional 1,670,095 shares in the last quarter. 78.47% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on UNP. Morgan Stanley boosted their target price on Union Pacific from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 31st. Goldman Sachs Group started coverage on Union Pacific in a report on Monday, November 13th. They set a “sell” rating and a $103.00 price objective on the stock. Wolfe Research raised Union Pacific from a “market perform” rating to an “outperform” rating in a report on Friday, January 5th. Daiwa Capital Markets raised Union Pacific from a “hold” rating to an “outperform” rating in a report on Thursday, January 11th. Finally, Citigroup downgraded Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $125.16.
Union Pacific Co. (UNP) opened at $141.25 on Friday. The stock has a market capitalization of $111,190.00, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90. Union Pacific Co. has a 1-year low of $101.06 and a 1-year high of $142.19. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, beating the consensus estimate of $1.49 by $0.01. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS. equities analysts expect that Union Pacific Co. will post 5.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were given a dividend of $0.665 per share. 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 dividend yield of 1.88%. Union Pacific’s payout ratio is presently 47.08%.
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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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