Citizens Financial Group Inc RI raised its position in shares of Union Pacific Co. (NYSE:UNP) by 28.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,674 shares of the railroad operator’s stock after buying an additional 16,356 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Union Pacific were worth $10,184,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in UNP. Private Ocean LLC acquired a new stake in shares of Union Pacific during the 4th quarter worth approximately $25,000. Gradient Investments LLC raised its position in shares of Union Pacific by 117.1% during the 4th quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock worth $33,000 after purchasing an additional 130 shares during the period. Tributary Capital Management LLC acquired a new stake in shares of Union Pacific during the 4th quarter worth approximately $42,000. Essex Investment Management Co. LLC acquired a new stake in shares of Union Pacific during the 4th quarter worth approximately $47,000. Finally, Howe & Rusling Inc. raised its position in shares of Union Pacific by 25.4% during the 4th quarter. Howe & Rusling Inc. now owns 346 shares of the railroad operator’s stock worth $48,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 78.60% of the company’s stock.
Shares of UNP stock opened at $160.75 on Wednesday. Union Pacific Co. has a 12-month low of $126.37 and a 12-month high of $172.44. The company has a market capitalization of $119.27 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.71 and a beta of 1.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.90 and a quick ratio of 0.74.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 24th. The railroad operator reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.06. The firm had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.73 billion. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $1.53 EPS. Equities research analysts forecast that Union Pacific Co. will post 9.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.88 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, February 27th. Union Pacific’s dividend payout ratio (DPR) is presently 44.50%.
Union Pacific declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 7th that permits the company to buyback 150,000,000 shares. This buyback authorization permits the railroad operator to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
UNP has been the topic of a number of research reports. Cowen upgraded Union Pacific from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $153.00 to $178.00 in a research report on Tuesday, January 8th. Loop Capital increased their price target on Union Pacific from $188.00 to $193.00 and gave the stock a “positive” rating in a research report on Thursday, January 24th. Credit Suisse Group dropped their price target on Union Pacific from $190.00 to $166.00 and set an “outperform” rating on the stock in a research report on Monday, January 7th. Argus increased their price target on Union Pacific to $175.00 and gave the stock a “positive” rating in a research report on Friday, January 25th. Finally, TD Securities increased their price objective on Union Pacific from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, January 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $168.78.
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Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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