Mariner Wealth Advisors LLC increased its position in shares of Union Pacific Co. (NYSE:UNP) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,553 shares of the railroad operator’s stock after acquiring an additional 8,342 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Union Pacific were worth $6,914,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Acropolis Investment Management LLC purchased a new stake in Union Pacific in the 4th quarter valued at about $107,000. Acrospire Investment Management LLC raised its holdings in Union Pacific by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock valued at $131,000 after buying an additional 300 shares during the period. Exane Derivatives raised its holdings in Union Pacific by 55,600.0% in the 4th quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock valued at $149,000 after buying an additional 1,112 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Union Pacific in the 4th quarter valued at about $200,000. Finally, Yorkville Capital Management LLC purchased a new stake in Union Pacific in the 2nd quarter valued at about $202,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of UNP stock opened at $137.77 on Wednesday. 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 one year low of $101.06 and a one year high of $143.05. The firm has a market cap of $106,889.48, a P/E ratio of 10.19, a P/E/G ratio of 1.70 and a beta of 0.83.
Union Pacific (NYSE:UNP) last released its 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). Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The firm had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. analysts predict that Union Pacific Co. will post 7.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.12%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, February 27th. Union Pacific’s dividend payout ratio is presently 21.60%.
Several brokerages recently issued reports on UNP. TD Securities reduced their price objective on shares of Union Pacific from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Daiwa Capital Markets upgraded shares of Union Pacific from a “hold” rating to an “outperform” rating in a report on Thursday, January 11th. Wolfe Research upgraded shares of Union Pacific from a “market perform” rating to an “outperform” rating in a report on Friday, January 5th. Robert W. Baird restated a “hold” rating on shares of Union Pacific in a report on Friday, January 26th. Finally, UBS reduced their price objective on shares of Union Pacific from $164.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Three equities research 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 company presently has a consensus rating of “Hold” and an average price target of $133.70.
ILLEGAL ACTIVITY WARNING: “Mariner Wealth Advisors LLC Purchases 8,342 Shares of Union Pacific Co. (UNP)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/03/21/mariner-wealth-advisors-llc-purchases-8342-shares-of-union-pacific-co-unp.html.
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.
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.