Conning Inc. Buys 2,330 Shares of Union Pacific Co. (UNP)

Conning Inc. boosted its stake in shares of Union Pacific Co. (NYSE:UNP) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 287,340 shares of the railroad operator’s stock after purchasing an additional 2,330 shares during the period. Conning Inc.’s holdings in Union Pacific were worth $33,323,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of UNP. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Union Pacific by 46.6% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock valued at $117,000 after buying an additional 340 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Union Pacific by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after buying an additional 686 shares during the last quarter. Acrospire Investment Management LLC lifted its position in shares of Union Pacific by 33.3% in the second 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 last quarter. Community Bank N.A. lifted its position in shares of Union Pacific by 3.0% in the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock valued at $168,000 after buying an additional 45 shares during the last quarter. Finally, Jacobi Capital Management LLC lifted its position in shares of Union Pacific by 6.6% in the second quarter. Jacobi Capital Management LLC now owns 1,705 shares of the railroad operator’s stock valued at $185,000 after buying an additional 105 shares during the last quarter. 78.43% of the stock is owned by hedge funds and other institutional investors.

Shares of Union Pacific Co. (NYSE:UNP) opened at $134.65 on Wednesday. The firm has a market capitalization of $106,260.00, a P/E ratio of 23.83, a P/E/G ratio of 2.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.97 and a current ratio of 1.16. Union Pacific Co. has a fifty-two week low of $101.06 and a fifty-two week high of $135.76.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter last year, the company earned $1.36 EPS. The company’s revenue was up 4.5% on a year-over-year basis. analysts predict that Union Pacific Co. will post 5.78 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Wednesday, November 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio (DPR) is 47.08%.

A number of research firms have recently issued reports on UNP. Barclays reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Union Pacific in a research report on Wednesday, December 13th. ValuEngine cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Goldman Sachs Group started coverage on Union Pacific in a report on Monday, November 13th. They set a “sell” rating and a $103.00 price target for the company. Royal Bank of Canada reissued a “hold” rating and set a $124.00 price target on shares of Union Pacific in a report on Thursday, November 9th. Finally, Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $120.00.

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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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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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