Colony Group LLC lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 17,676 shares of the railroad operator’s stock after purchasing an additional 1,158 shares during the quarter. Colony Group LLC’s holdings in Union Pacific were worth $3,196,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in UNP. Resonant Capital Advisors LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at about $314,000. Man Group plc grew its holdings in shares of Union Pacific by 7.3% during the fourth quarter. Man Group plc now owns 67,881 shares of the railroad operator’s stock worth $12,272,000 after buying an additional 4,590 shares during the last quarter. Alberta Investment Management Corp grew its holdings in shares of Union Pacific by 61.4% during the fourth quarter. Alberta Investment Management Corp now owns 76,200 shares of the railroad operator’s stock worth $13,776,000 after buying an additional 29,000 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Union Pacific by 1.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 123,110 shares of the railroad operator’s stock valued at $21,426,000 after acquiring an additional 1,762 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in Union Pacific in the 4th quarter valued at about $373,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on UNP. BMO Capital Markets increased their price objective on Union Pacific from $188.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Raymond James boosted their target price on Union Pacific from $205.00 to $212.00 and gave the company a “strong-buy” rating in a report on Friday, January 24th. Morgan Stanley raised Union Pacific from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $139.00 to $125.00 in a report on Monday. Benchmark initiated coverage on Union Pacific in a research note on Friday, January 24th. They set a “buy” rating and a $206.00 price target for the company. Finally, Argus increased their price target on Union Pacific from $190.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $187.24.
In related news, COO Vincenzo J. Vena bought 3,206 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now owns 19,966 shares of the company’s stock, valued at $3,113,098.72. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jennifer L. Hamann sold 1,000 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $183.00, for a total transaction of $183,000.00. Following the sale, 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. 9.96% of the stock is currently owned by insiders.
Shares of UNP stock opened at $132.91 on Thursday. The business’s fifty day moving average price is $160.08 and its 200 day moving average price is $169.71. The firm has a market capitalization of $88.95 billion, a PE ratio of 15.84, a P/E/G ratio of 1.44 and a beta of 1.12. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.79 and a quick ratio of 0.62. Union Pacific Co. has a 1-year low of $105.08 and a 1-year high of $188.96.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, January 23rd. The railroad operator reported $2.02 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.01). The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.24 billion. Union Pacific had a return on equity of 32.86% and a net margin of 27.27%. Union Pacific’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.12 earnings per share. Equities research analysts expect that Union Pacific Co. will post 8.98 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $3.88 annualized dividend and a dividend yield of 2.92%. Union Pacific’s payout ratio is currently 46.30%.
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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