Forbes J M & Co. LLP grew its position in Union Pacific Co. (NYSE:UNP – Get Rating) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,930 shares of the railroad operator's stock after buying an additional 78 shares during the period. Union Pacific accounts for about 2.5% of Forbes J M & Co. LLP's portfolio, making the stock its 9th largest position. Forbes J M & Co. LLP's holdings in Union Pacific were worth $17,261,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Cinctive Capital Management LP acquired a new stake in Union Pacific during the 4th quarter valued at approximately $788,000. Chilton Capital Management LLC purchased a new stake in Union Pacific in the 4th quarter worth $287,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Union Pacific in the 4th quarter worth $823,000. MML Investors Services LLC increased its holdings in Union Pacific by 4.3% in the 4th quarter. MML Investors Services LLC now owns 83,511 shares of the railroad operator's stock worth $21,039,000 after acquiring an additional 3,468 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in Union Pacific by 2,194.0% in the 4th quarter. Marshall Wace LLP now owns 116,648 shares of the railroad operator's stock worth $29,388,000 after acquiring an additional 111,563 shares in the last quarter. 77.89% of the stock is currently owned by institutional investors.
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Analyst Upgrades and Downgrades
Several brokerages have issued reports on UNP. Susquehanna Bancshares lowered their target price on shares of Union Pacific from $240.00 to $208.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 28th. Stifel Nicolaus lowered their target price on shares of Union Pacific from $254.00 to $225.00 in a research note on Friday, July 15th. Wells Fargo & Company lowered their target price on shares of Union Pacific from $265.00 to $218.00 and set an "equal weight" rating on the stock in a research note on Friday, July 15th. Raymond James lowered their price target on shares of Union Pacific from $285.00 to $250.00 and set a "strong-buy" rating on the stock in a research report on Friday, July 8th. Finally, JPMorgan Chase & Co. cut shares of Union Pacific from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $272.00 to $232.00 in a research report on Tuesday, July 12th. Twelve investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Union Pacific has a consensus rating of "Hold" and a consensus target price of $241.83.
Union Pacific Trading Up 1.6 %
NYSE:UNP traded up $3.13 during mid-day trading on Tuesday, reaching $203.39. The company's stock had a trading volume of 35,330 shares, compared to its average volume of 3,142,213. The company's fifty day simple moving average is $224.13 and its two-hundred day simple moving average is $227.36. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.66 and a quick ratio of 0.53. Union Pacific Co. has a twelve month low of $194.73 and a twelve month high of $278.94. The stock has a market cap of $127.01 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.69 and a beta of 1.15.
Union Pacific (NYSE:UNP – Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.82 by $0.11. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a return on equity of 52.00% and a net margin of 29.23%. The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $2.72 EPS. On average, equities analysts predict that Union Pacific Co. will post 11.55 EPS for the current year.
Union Pacific Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Tuesday, August 30th. Union Pacific's dividend payout ratio (DPR) is presently 48.46%.
Union Pacific Profile
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Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
Further Reading
- Get a free copy of the StockNews.com research report on Union Pacific (UNP)
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