Glenview Trust Co trimmed its holdings in shares of Union Pacific Co. (NYSE:UNP) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 108,328 shares of the railroad operator’s stock after selling 665 shares during the period. Union Pacific makes up approximately 1.0% of Glenview Trust Co’s investment portfolio, making the stock its 27th largest position. Glenview Trust Co’s holdings in Union Pacific were worth $14,527,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of UNP. FMR LLC grew its stake in Union Pacific by 84.6% in the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after purchasing an additional 4,399,980 shares in the last quarter. Janus Henderson Group PLC grew its stake in Union Pacific by 990.5% in the second quarter. Janus Henderson Group PLC now owns 2,243,574 shares of the railroad operator’s stock valued at $244,339,000 after purchasing an additional 2,037,834 shares in the last quarter. Voya Investment Management LLC grew its stake in Union Pacific by 88.7% in the second quarter. Voya Investment Management LLC now owns 4,060,423 shares of the railroad operator’s stock valued at $442,221,000 after purchasing an additional 1,908,175 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Union Pacific by 59.3% in the second quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock valued at $519,785,000 after purchasing an additional 1,776,644 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Union Pacific by 88.5% in the third quarter. Canada Pension Plan Investment Board now owns 3,558,005 shares of the railroad operator’s stock valued at $412,622,000 after purchasing an additional 1,670,095 shares in the last quarter. 79.08% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on the company. UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 14th. ValuEngine downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. TD Securities decreased their price target on Union Pacific from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Finally, Scotiabank reiterated a “hold” rating and set a $148.00 price target on shares of Union Pacific in a research note on Thursday, January 25th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $131.50.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.01). Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the previous year, the company earned $1.39 EPS. Union Pacific’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities analysts forecast 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. Investors of record on Wednesday, February 28th will be paid a dividend of $0.73 per share. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.92 annualized dividend and a yield of 2.13%. Union Pacific’s dividend payout ratio is presently 48.18%.
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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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