Shell Asset Management Co. lifted its position in shares of Union Pacific Co. (NYSE:UNP) by 93.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,375 shares of the railroad operator’s stock after acquiring an additional 138,226 shares during the quarter. Union Pacific accounts for about 0.5% of Shell Asset Management Co.’s holdings, making the stock its 29th biggest position. Shell Asset Management Co.’s holdings in Union Pacific were worth $31,049,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in UNP. Assetmark Inc. raised its position in shares of Union Pacific by 2.9% during the 1st quarter. Assetmark Inc. now owns 4,001 shares of the railroad operator’s stock worth $424,000 after purchasing an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Union Pacific by 12.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,493 shares of the railroad operator’s stock worth $1,111,000 after purchasing an additional 1,130 shares during the last quarter. Rational Advisors LLC acquired a new position in shares of Union Pacific during the 1st quarter worth approximately $773,000. Nicholas Hoffman & Company LLC. acquired a new position in shares of Union Pacific during the 1st quarter worth approximately $221,000. Finally, Airain ltd acquired a new position in shares of Union Pacific during the 1st quarter worth approximately $5,958,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Union Pacific Co. (UNP) traded up $1.43 during trading on Friday, reaching $130.60. 8,770,000 shares of the company were exchanged, compared to its average volume of 4,000,000. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83. Union Pacific Co. has a 12-month low of $101.06 and a 12-month high of $132.39. The stock has a market cap of $102,800.00, a PE ratio of 23.07, a price-to-earnings-growth ratio of 2.12 and a beta of 0.90.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given a $0.665 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Wednesday, November 29th. Union Pacific’s dividend payout ratio is presently 47.08%.
Several brokerages have weighed in on UNP. Barclays reiterated a “buy” rating and issued a $150.00 price target on shares of Union Pacific in a report on Wednesday. ValuEngine downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Goldman Sachs Group began coverage on Union Pacific in a report on Monday, November 13th. They issued a “sell” rating and a $103.00 price target for the company. Royal Bank of Canada reiterated a “hold” rating and issued a $124.00 price target on shares of Union Pacific in a report on Thursday, November 9th. Finally, Zacks Investment Research downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $120.00.
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.
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