Kovitz Investment Group Partners LLC bought a new position in Union Pacific Co. (NYSE:UNP) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,062 shares of the railroad operator’s stock, valued at approximately $373,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of UNP. Fishman Jay A Ltd. MI boosted its position in shares of Union Pacific by 2.8% in the 4th quarter. Fishman Jay A Ltd. MI now owns 2,055 shares of the railroad operator’s stock worth $372,000 after purchasing an additional 55 shares in the last quarter. Trust Co. of Oklahoma increased its stake in Union Pacific by 0.5% during the 4th quarter. Trust Co. of Oklahoma now owns 11,625 shares of the railroad operator’s stock valued at $2,102,000 after purchasing an additional 60 shares in the last quarter. Hunter Associates Investment Management LLC increased its stake in Union Pacific by 3.7% during the 4th quarter. Hunter Associates Investment Management LLC now owns 1,685 shares of the railroad operator’s stock valued at $305,000 after purchasing an additional 60 shares in the last quarter. PFG Advisors raised its holdings in Union Pacific by 0.5% in the fourth quarter. PFG Advisors now owns 11,892 shares of the railroad operator’s stock worth $2,141,000 after buying an additional 61 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its holdings in Union Pacific by 0.6% in the fourth quarter. Hodges Capital Management Inc. now owns 11,731 shares of the railroad operator’s stock worth $2,121,000 after buying an additional 67 shares during the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.
Union Pacific stock opened at $132.91 on Thursday. Union Pacific Co. has a one year low of $105.08 and a one year high of $188.96. The stock has a fifty day moving average of $160.08 and a 200 day moving average of $169.71. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.62 and a current ratio of 0.79. The stock has a market cap of $88.95 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.03 by ($0.01). Union Pacific had a net margin of 27.27% and a return on equity of 32.86%. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter in the prior year, the firm earned $2.12 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, sell-side analysts predict that Union Pacific Co. will post 8.98 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 28th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, February 27th. Union Pacific’s payout ratio is 46.30%.
In related news, COO Vincenzo J. Vena bought 3,206 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $155.92 per share, for a total transaction of $499,879.52. Following the completion of the transaction, the chief operating officer now owns 19,966 shares of the company’s stock, valued at $3,113,098.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jennifer L. Hamann sold 1,000 shares of Union Pacific stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $183.00, for a total value of $183,000.00. Following the transaction, the chief financial officer now owns 62,331 shares in the company, valued at $11,406,573. The disclosure for this sale can be found here. Company insiders own 9.96% of the company’s stock.
A number of equities research analysts have recently commented on UNP shares. Zacks Investment Research cut shares of Union Pacific from a “hold” rating to a “sell” rating and set a $192.00 price target on the stock. in a report on Monday, December 30th. Barclays restated a “hold” rating and issued a $200.00 price objective on shares of Union Pacific in a report on Friday, January 24th. BMO Capital Markets upped their price objective on Union Pacific from $188.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, Bank of America raised Union Pacific from a “neutral” rating to a “buy” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $187.24.
Union Pacific Company 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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