Nordea Investment Management AB increased its stake in Union Pacific Co. (NYSE:UNP) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 507,574 shares of the railroad operator’s stock after purchasing an additional 1,404 shares during the period. Nordea Investment Management AB owned 0.06% of Union Pacific worth $58,863,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. South State Corp grew its holdings in Union Pacific by 1.1% during the 3rd quarter. South State Corp now owns 56,754 shares of the railroad operator’s stock worth $6,582,000 after acquiring an additional 605 shares during the period. Peloton Wealth Strategists grew its holdings in Union Pacific by 5.9% during the 3rd quarter. Peloton Wealth Strategists now owns 17,950 shares of the railroad operator’s stock worth $2,082,000 after acquiring an additional 1,000 shares during the period. Haverford Trust Co. grew its holdings in Union Pacific by 17.2% during the 3rd quarter. Haverford Trust Co. now owns 60,938 shares of the railroad operator’s stock worth $7,067,000 after acquiring an additional 8,942 shares during the period. Haverford Financial Services Inc. acquired a new position in shares of Union Pacific in the 3rd quarter valued at $498,000. Finally, Sawgrass Asset Management LLC grew its holdings in shares of Union Pacific by 31.0% in the 3rd quarter. Sawgrass Asset Management LLC now owns 222,935 shares of the railroad operator’s stock valued at $25,854,000 after buying an additional 52,765 shares during the period. Hedge funds and other institutional investors own 78.47% of the company’s stock.
Union Pacific Co. (UNP) opened at $140.43 on Friday. The firm has a market cap of $110,540.00, a price-to-earnings ratio of 24.85, a P/E/G ratio of 1.89 and a beta of 0.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 0.97. Union Pacific Co. has a one year low of $101.06 and a one year high of $142.19.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were given a dividend of $0.665 per share. The ex-dividend date was Wednesday, November 29th. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 annualized dividend and a yield of 1.89%. Union Pacific’s payout ratio is 47.08%.
Several brokerages have recently issued reports on UNP. Morgan Stanley boosted their price target on shares of Union Pacific from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, October 31st. Goldman Sachs Group began coverage on shares of Union Pacific in a report on Monday, November 13th. They issued a “sell” rating and a $103.00 price target for the company. Wolfe Research raised shares of Union Pacific from a “market perform” rating to an “outperform” rating in a report on Friday, January 5th. Daiwa Capital Markets raised shares of Union Pacific from a “hold” rating to an “outperform” rating in a report on Thursday, January 11th. Finally, Citigroup lowered shares of Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 price target for the company. in a report on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the stock. Union Pacific currently has a consensus rating of “Hold” and an average price target of $125.16.
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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