Welch & Forbes LLC lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 29,188 shares of the railroad operator’s stock after acquiring an additional 516 shares during the quarter. Welch & Forbes LLC’s holdings in Union Pacific were worth $3,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in UNP. Vanguard Group Inc. lifted its holdings in Union Pacific by 1.9% in the second quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock valued at $6,698,588,000 after acquiring an additional 1,146,109 shares during the period. BlackRock Inc. lifted its holdings in Union Pacific by 0.3% in the second quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock valued at $5,528,796,000 after acquiring an additional 141,521 shares during the period. FMR LLC lifted its holdings in Union Pacific by 84.6% in the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after acquiring an additional 4,399,980 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in Union Pacific by 0.6% in the second quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock valued at $865,659,000 after acquiring an additional 46,298 shares during the period. Finally, Capital World Investors lifted its holdings in Union Pacific by 0.7% in the second quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock valued at $798,093,000 after acquiring an additional 50,000 shares during the period. 78.41% of the stock is currently owned by institutional investors.
A number of research analysts have weighed in on the company. Citigroup raised Union Pacific from a “neutral” rating to a “buy” rating in a report on Wednesday, February 14th. Argus raised their price objective on Union Pacific from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Morgan Stanley raised their price objective on Union Pacific from $105.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. UBS Group decreased their price objective on Union Pacific from $164.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, TD Securities decreased their price objective on Union Pacific from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $130.40.
Union Pacific Co. (UNP) opened at $130.23 on Wednesday. The firm has a market capitalization of $105,693.16, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 1.68 and a beta of 0.84. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.83 and a current ratio of 1.02. Union Pacific Co. has a 1-year low of $101.06 and a 1-year high of $143.05.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.01). The firm had revenue of $5.45 billion for 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 business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 EPS. equities research analysts expect that Union Pacific Co. will post 7.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a boost from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s dividend payout ratio (DPR) is currently 19.67%.
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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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