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Metis Global Partners LLC Purchases 413 Shares of Union Pacific Co. (NYSE:UNP)

Financial News Live ·  Feb 3, 2023 16:51

Metis Global Partners LLC lifted its position in shares of Union Pacific Co. (NYSE:UNP – Get Rating) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,541 shares of the railroad operator's stock after purchasing an additional 413 shares during the period. Metis Global Partners LLC's holdings in Union Pacific were worth $2,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. MAS Advisors LLC acquired a new stake in Union Pacific in the first quarter worth $233,000. Roundview Capital LLC increased its position in Union Pacific by 3.8% in the 1st quarter. Roundview Capital LLC now owns 16,608 shares of the railroad operator's stock valued at $4,537,000 after buying an additional 614 shares in the last quarter. Dakota Wealth Management acquired a new position in Union Pacific during the 1st quarter worth approximately $569,000. Candriam Luxembourg S.C.A. grew its stake in Union Pacific by 3.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 47,144 shares of the railroad operator's stock valued at $12,880,000 after acquiring an additional 1,664 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Union Pacific by 10.1% during the first quarter. Mather Group LLC. now owns 1,745 shares of the railroad operator's stock valued at $477,000 after acquiring an additional 160 shares in the last quarter. 77.27% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UNP. StockNews.com cut shares of Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, December 6th. Deutsche Bank Aktiengesellschaft downgraded Union Pacific from a "buy" rating to a "hold" rating and reduced their price objective for the company from $238.00 to $215.00 in a research note on Thursday, January 26th. Bank of America downgraded Union Pacific from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 24th. Credit Suisse Group reduced their price objective on Union Pacific from $243.00 to $240.00 and set an "outperform" rating for the company in a research note on Wednesday, January 25th. Finally, Susquehanna upped their price objective on Union Pacific from $215.00 to $218.00 in a research note on Wednesday, January 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned 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, the stock has a consensus rating of "Hold" and an average target price of $218.92.

Union Pacific Trading Down 0.8 %

Shares of UNP stock traded down $1.64 during trading hours on Friday, reaching $211.77. The company's stock had a trading volume of 702,287 shares, compared to its average volume of 2,777,430. The stock has a market capitalization of $130.20 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.81 and a beta of 1.11. Union Pacific Co. has a one year low of $183.70 and a one year high of $278.94. The firm's fifty day simple moving average is $209.93 and its 200 day simple moving average is $212.74. The company has a current ratio of 0.72, a quick ratio of 0.63 and a debt-to-equity ratio of 2.60.

Union Pacific (NYSE:UNP – Get Rating) last released its quarterly earnings results 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). The firm had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.26 billion. Union Pacific had a net margin of 28.13% and a return on equity of 58.41%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 earnings per share. Equities research analysts expect that Union Pacific Co. will post 11.49 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Monday, December 19th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Friday, December 16th. Union Pacific's dividend payout ratio (DPR) is presently 46.35%.

Union Pacific 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.

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