Cullen Frost Bankers Inc. lessened its holdings in Union Pacific Co. (NYSE:UNP) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,587 shares of the railroad operator’s stock after selling 1,659 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Union Pacific were worth $10,270,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. Acropolis Investment Management LLC purchased a new position in Union Pacific in the fourth quarter valued at approximately $107,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings 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 worth $117,000 after purchasing an additional 340 shares during the period. Acrospire Investment Management LLC increased its stake in 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 acquiring an additional 300 shares during the last quarter. Exane Derivatives increased its stake in Union Pacific by 55,600.0% in the fourth quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock valued at $149,000 after acquiring an additional 1,112 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its stake in 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 acquiring an additional 105 shares during the last quarter. 80.16% of the stock is currently owned by institutional investors.
Shares of Union Pacific Co. (NYSE:UNP) opened at $136.83 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.83 and a current ratio of 1.02. Union Pacific Co. has a 12-month low of $101.06 and a 12-month high of $143.05. The firm has a market cap of $106,630.00, a PE ratio of 22.58, a price-to-earnings-growth ratio of 1.72 and a beta of 0.83.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders 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 2.13%. This is a boost from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, February 27th. Union Pacific’s payout ratio is presently 48.18%.
UNP has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Argus raised their target price on shares of Union Pacific from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Cowen reaffirmed a “market perform” rating and set a $139.00 target price (down previously from $140.00) on shares of Union Pacific in a research note on Wednesday, February 28th. Daiwa Capital Markets raised shares of Union Pacific from a “hold” rating to an “outperform” rating in a research report on Thursday, January 11th. Finally, Robert W. Baird restated a “hold” rating on shares of Union Pacific in a report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $132.37.
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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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