Fisher Asset Management LLC lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,562 shares of the railroad operator’s stock after selling 11,223 shares during the period. Fisher Asset Management LLC’s holdings in Union Pacific were worth $19,118,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pathstone Family Office LLC increased its stake in shares of Union Pacific by 41.3% during the second quarter. Pathstone Family Office LLC now owns 178 shares of the railroad operator’s stock worth $2,304,000 after purchasing an additional 52 shares during the period. Acropolis Investment Management LLC bought a new position in shares of Union Pacific during the fourth quarter worth approximately $107,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Union Pacific by 46.6% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock worth $117,000 after purchasing an additional 340 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Union Pacific by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock worth $131,000 after purchasing an additional 300 shares during the period. Finally, Community Bank N.A. increased its stake in shares of Union Pacific by 3.0% during the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after purchasing an additional 45 shares during the period. Institutional investors own 78.28% of the company’s stock.
UNP has been the topic of a number of analyst reports. UBS Group raised Union Pacific from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Barclays reissued a “buy” rating and set a $150.00 price target on shares of Union Pacific in a research report on Wednesday, December 13th. BMO Capital Markets reissued a “buy” rating on shares of Union Pacific in a research report on Friday, October 20th. Argus increased their price target on Union Pacific from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $130.40.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.44 billion. Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS. equities research analysts expect that Union Pacific Co. will post 7.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Tuesday, February 27th. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s dividend payout ratio (DPR) is currently 44.56%.
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Union Pacific Company Profile
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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