HL Financial Services LLC cut its stake in Union Pacific Co. (NYSE:UNP) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 728,294 shares of the railroad operator’s stock after selling 18,372 shares during the quarter. Union Pacific makes up approximately 1.9% of HL Financial Services LLC’s investment portfolio, making the stock its 17th largest position. HL Financial Services LLC’s holdings in Union Pacific were worth $97,664,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in UNP. Acropolis Investment Management LLC acquired a new position in shares of Union Pacific during the 4th quarter worth about $107,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Union Pacific by 46.6% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock worth $117,000 after buying an additional 340 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Union Pacific by 33.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock worth $131,000 after buying an additional 300 shares during the last quarter. Exane Derivatives boosted its stake in shares of Union Pacific by 55,600.0% during the 4th quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock worth $149,000 after buying an additional 1,112 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its stake in shares of Union Pacific by 6.6% during the 2nd quarter. Jacobi Capital Management LLC now owns 1,705 shares of the railroad operator’s stock worth $185,000 after buying an additional 105 shares during the last quarter. 78.41% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the stock. UBS Group upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 14th. Zacks Investment Research upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Wednesday, November 1st. ValuEngine downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Scotiabank restated a “hold” rating and set a $148.00 price objective on shares of Union Pacific in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Union Pacific presently has a consensus rating of “Hold” and a consensus 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.44 billion. Union Pacific had a net margin of 24.64% and a return on equity of 24.48%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. analysts predict that Union Pacific Co. will post 7.51 earnings per share for the current year.
The business also recently declared 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 is a boost from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a yield of 2.18%. The ex-dividend date is Tuesday, February 27th. Union Pacific’s dividend payout ratio 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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