Carnegie Investment Counsel cut its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,406 shares of the railroad operator’s stock after selling 4,166 shares during the period. Carnegie Investment Counsel’s holdings in Union Pacific were worth $21,144,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital World Investors raised its holdings in Union Pacific by 193.3% in the 3rd quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock valued at $2,477,404,000 after acquiring an additional 6,908,016 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Union Pacific by 72.7% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after acquiring an additional 3,861,636 shares in the last quarter. Capital Research Global Investors raised its holdings in Union Pacific by 95.0% in the 3rd quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock valued at $2,059,538,000 after acquiring an additional 4,244,226 shares in the last quarter. Franklin Resources Inc. raised its holdings in Union Pacific by 18.9% in the 3rd quarter. Franklin Resources Inc. now owns 7,164,334 shares of the railroad operator’s stock valued at $1,693,434,000 after acquiring an additional 1,139,926 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Union Pacific by 3.2% in the 3rd quarter. Northern Trust Corp now owns 6,881,628 shares of the railroad operator’s stock valued at $1,626,610,000 after purchasing an additional 210,184 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on UNP. The Goldman Sachs Group reiterated a “neutral” rating and issued a $267.00 price target on shares of Union Pacific in a research note on Tuesday, January 27th. JPMorgan Chase & Co. decreased their price target on Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Susquehanna reiterated a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, January 27th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $295.00 price target on shares of Union Pacific in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $265.86.
Check Out Our Latest Research Report on UNP
Insiders Place Their Bets
In related news, EVP Eric J. Gehringer sold 1,999 shares of the business’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $234.93, for a total transaction of $469,625.07. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.28% of the stock is owned by corporate insiders.
Union Pacific Trading Down 0.1%
Shares of UNP opened at $250.81 on Friday. The firm has a market cap of $148.83 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 3.02 and a beta of 0.96. Union Pacific Corporation has a 52-week low of $206.63 and a 52-week high of $268.14. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. The business’s fifty day moving average is $251.43 and its 200-day moving average is $236.85.
Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.91 EPS. Equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.
Union Pacific Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were given a dividend of $1.38 per share. The ex-dividend date was Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 2.2%. Union Pacific’s payout ratio is currently 46.12%.
Union Pacific Profile
Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
Further Reading
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