HBK Investments L P purchased a new stake in Union Pacific Co. (NYSE:UNP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,967 shares of the railroad operator’s stock, valued at approximately $1,605,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UNP. Janus Henderson Group PLC boosted its position in shares of Union Pacific by 990.5% during the 2nd 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. Canada Pension Plan Investment Board boosted its position in shares of Union Pacific by 88.5% during the 3rd 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. Arrowstreet Capital Limited Partnership boosted its position in shares of Union Pacific by 290.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,187,401 shares of the railroad operator’s stock valued at $238,230,000 after purchasing an additional 1,627,453 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Union Pacific by 248.7% during the 4th quarter. Mackenzie Financial Corp now owns 2,156,861 shares of the railroad operator’s stock valued at $289,235,000 after purchasing an additional 1,538,325 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Union Pacific by 2.8% during the 4th quarter. BlackRock Inc. now owns 52,135,522 shares of the railroad operator’s stock valued at $6,991,373,000 after purchasing an additional 1,434,475 shares in the last quarter. Hedge funds and other institutional investors own 79.94% of the company’s stock.
UNP has been the topic of several research analyst reports. Zacks Investment Research lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Barclays restated a “buy” rating and set a $150.00 target price on shares of Union Pacific in a research report on Wednesday, December 13th. Scotiabank set a $150.00 target price on Union Pacific and gave the company a “hold” rating in a research report on Thursday, January 11th. Argus upped their target price on Union Pacific from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Morgan Stanley upped their target price on Union Pacific from $105.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. Union Pacific has an average rating of “Hold” and a consensus price target of $136.10.
UNP stock opened at $130.28 on Friday. Union Pacific Co. has a fifty-two week low of $101.06 and a fifty-two week high of $143.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.83 and a current ratio of 1.02. The company has a market cap of $103,569.63, a P/E ratio of 22.50, a PEG ratio of 1.64 and a beta of 0.79.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.01). Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the company posted $1.39 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. equities research analysts forecast that Union Pacific Co. will post 7.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th were paid a $0.73 dividend. The ex-dividend date was Tuesday, February 27th. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a dividend yield of 2.24%. Union Pacific’s dividend payout ratio is 50.43%.
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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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