First Manhattan Co. Cuts Position in Union Pacific Co. (UNP)

First Manhattan Co. trimmed its position in Union Pacific Co. (NYSE:UNP) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,639 shares of the railroad operator’s stock after selling 653 shares during the period. First Manhattan Co.’s holdings in Union Pacific were worth $4,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. Beach Investment Management LLC. grew its position in Union Pacific by 2,877.6% during the 2nd quarter. Beach Investment Management LLC. now owns 92,900 shares of the railroad operator’s stock worth $10,118,000 after purchasing an additional 89,780 shares during the period. Granite Investment Advisors LLC grew its position in Union Pacific by 2.3% during the 2nd quarter. Granite Investment Advisors LLC now owns 2,847 shares of the railroad operator’s stock worth $299,000 after purchasing an additional 65 shares during the period. First Mercantile Trust Co. grew its position in Union Pacific by 46.0% during the 2nd quarter. First Mercantile Trust Co. now owns 5,000 shares of the railroad operator’s stock worth $545,000 after purchasing an additional 1,575 shares during the period. Traynor Capital Management Inc. grew its position in Union Pacific by 7.5% during the 2nd quarter. Traynor Capital Management Inc. now owns 3,047 shares of the railroad operator’s stock worth $310,000 after purchasing an additional 212 shares during the period. Finally, Pekin Singer Strauss Asset Management IL grew its position in Union Pacific by 2.1% during the 2nd quarter. Pekin Singer Strauss Asset Management IL now owns 8,717 shares of the railroad operator’s stock worth $949,000 after purchasing an additional 180 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on UNP. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a research report on Monday, January 15th. Scotiabank set a $150.00 target price on Union Pacific and gave the company a “hold” rating in a research report on Thursday, January 11th. Daiwa Capital Markets upgraded Union Pacific from a “hold” rating to an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets restated a “buy” rating and set a $150.00 target price on shares of Union Pacific in a research report on Monday, January 8th. Finally, UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $130.40.

Union Pacific Co. (NYSE:UNP) opened at $128.30 on Wednesday. The firm has a market cap of $100,990.00, a PE ratio of 9.50, a P/E/G ratio of 1.59 and a beta of 0.84. Union Pacific Co. has a 12 month low of $101.06 and a 12 month high of $143.05. The company has a quick ratio of 0.97, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 earnings per share. equities analysts anticipate that Union Pacific Co. will post 7.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be paid a $0.73 dividend. The ex-dividend date is Tuesday, February 27th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 dividend on an annualized basis and a yield of 2.28%. Union Pacific’s dividend payout ratio (DPR) is currently 19.70%.

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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.

Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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