Pettee Investors Inc. raised its holdings in Union Pacific Co. (NYSE:UNP) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,250 shares of the railroad operator’s stock after buying an additional 700 shares during the period. Pettee Investors Inc.’s holdings in Union Pacific were worth $839,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Acropolis Investment Management LLC bought a new position in shares of Union Pacific during the fourth quarter worth approximately $107,000. 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. Exane Derivatives increased its stake in shares of Union Pacific by 55,600.0% during the fourth quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock worth $149,000 after purchasing an additional 1,112 shares during the period. Jacobi Capital Management LLC increased its stake in shares of Union Pacific by 6.6% during the second quarter. Jacobi Capital Management LLC now owns 1,705 shares of the railroad operator’s stock worth $185,000 after purchasing an additional 105 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Union Pacific during the fourth quarter worth approximately $200,000. Hedge funds and other institutional investors own 79.08% of the company’s stock.
UNP has been the topic of a number of recent research reports. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a research note on Monday, January 15th. UBS Group lowered their price objective on Union Pacific from $164.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. TD Securities lowered their price objective on Union Pacific from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. BMO Capital Markets restated a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a research note on Monday, January 8th. Finally, Barclays restated a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a research note on Wednesday, December 13th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $131.50.
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 7.5 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 2.13%. The ex-dividend date of this dividend 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 48.18%.
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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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