Eagle Asset Management Inc. lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 589,036 shares of the railroad operator’s stock after selling 66,448 shares during the quarter. Eagle Asset Management Inc. owned 0.07% of Union Pacific worth $78,635,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake in Union Pacific by 3.9% in the 4th quarter. D.A. Davidson & CO. now owns 178,082 shares of the railroad operator’s stock valued at $23,881,000 after buying an additional 6,717 shares during the period. Independence Bank of Kentucky acquired a new position in Union Pacific in the 4th quarter valued at approximately $395,000. Capital Planning Advisors LLC increased its stake in Union Pacific by 2.6% in the 4th quarter. Capital Planning Advisors LLC now owns 27,260 shares of the railroad operator’s stock valued at $3,656,000 after buying an additional 695 shares during the period. Advisory Services Network LLC increased its stake in Union Pacific by 21.7% in the 4th quarter. Advisory Services Network LLC now owns 20,316 shares of the railroad operator’s stock valued at $2,724,000 after buying an additional 3,617 shares during the period. Finally, Global X Management Co. LLC increased its stake in Union Pacific by 29.7% in the 4th quarter. Global X Management Co. LLC now owns 19,091 shares of the railroad operator’s stock valued at $2,560,000 after buying an additional 4,369 shares during the period. Institutional investors and hedge funds own 80.16% of the company’s stock.
Several brokerages have recently commented on UNP. Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Bank of America increased their price target on shares of Union Pacific from $150.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday. Argus increased their price target on shares of Union Pacific from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Cowen restated a “market perform” rating and set a $139.00 price target (down previously from $140.00) on shares of Union Pacific in a research note on Wednesday, February 28th. Finally, Robert W. Baird restated a “hold” rating on shares of Union Pacific in a research note on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. Union Pacific presently has a consensus rating of “Hold” and a consensus target price of $133.70.
Shares of Union Pacific Co. (UNP) opened at $137.16 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.65. Union Pacific Co. has a 1-year low of $101.06 and a 1-year high of $143.05. The firm has a market cap of $106,188.09, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83.
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 analysts’ consensus estimates of $1.54 by ($0.01). Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same period last year, the company earned $1.39 earnings per share. Union Pacific’s revenue for the quarter was up 5.5% on a year-over-year basis. equities research analysts predict that Union Pacific Co. will post 7.58 earnings per share for the current year.
The business 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 $0.73 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 dividend on an annualized basis and a yield of 2.13%. Union Pacific’s dividend payout ratio is 21.60%.
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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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