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Mutual of America Capital Management LLC Raises Stock Holdings in Union Pacific Co. (NYSE:UNP)

Financial News Live ·  Feb 1, 2023 15:01

Mutual of America Capital Management LLC increased its position in Union Pacific Co. (NYSE:UNP – Get Rating) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,555 shares of the railroad operator's stock after buying an additional 836 shares during the quarter. Mutual of America Capital Management LLC's holdings in Union Pacific were worth $18,032,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MAS Advisors LLC purchased a new position in Union Pacific during the 1st quarter valued at $233,000. Roundview Capital LLC increased its position in Union Pacific by 3.8% during the 1st quarter. Roundview Capital LLC now owns 16,608 shares of the railroad operator's stock valued at $4,537,000 after purchasing an additional 614 shares during the period. Dakota Wealth Management purchased a new position in Union Pacific during the 1st quarter valued at $569,000. Candriam Luxembourg S.C.A. increased its position in Union Pacific by 3.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 47,144 shares of the railroad operator's stock valued at $12,880,000 after purchasing an additional 1,664 shares during the period. Finally, Mather Group LLC. increased its position in Union Pacific by 10.1% during the 1st quarter. Mather Group LLC. now owns 1,745 shares of the railroad operator's stock valued at $477,000 after purchasing an additional 160 shares during the period. 77.27% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

UNP has been the topic of a number of recent research reports. Credit Suisse Group reduced their target price on shares of Union Pacific from $243.00 to $240.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 25th. The Goldman Sachs Group upped their target price on shares of Union Pacific from $219.00 to $225.00 and gave the stock a "buy" rating in a research report on Tuesday, January 24th. Bank of America downgraded shares of Union Pacific from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 24th. Morgan Stanley upped their target price on shares of Union Pacific from $177.00 to $179.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 11th. Finally, Argus reduced their target price on shares of Union Pacific from $275.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, October 21st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $218.92.

Union Pacific Stock Performance

Shares of NYSE:UNP traded up $0.92 during trading on Wednesday, hitting $205.11. The company's stock had a trading volume of 965,191 shares, compared to its average volume of 2,743,704. The company has a 50-day moving average of $210.01 and a 200-day moving average of $212.76. Union Pacific Co. has a 12 month low of $183.70 and a 12 month high of $278.94. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.72 and a quick ratio of 0.63. The firm has a market cap of $126.10 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.74 and a beta of 1.12.

Union Pacific (NYSE:UNP – Get Rating) last issued its quarterly earnings data on Tuesday, January 24th. The railroad operator reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.08). Union Pacific had a return on equity of 58.41% and a net margin of 28.13%. The business had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter last year, the company earned $2.66 EPS. Union Pacific's revenue for the quarter was up 7.8% on a year-over-year basis. On average, sell-side analysts expect that Union Pacific Co. will post 11.49 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Monday, December 19th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Friday, December 16th. Union Pacific's dividend payout ratio is 46.35%.

Union Pacific Company Profile

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Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad's diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.

Further Reading

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