Fernwood Investment Management LLC reduced its position in shares of Union Pacific Co. (NYSE:UNP) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 18,060 shares of the railroad operator’s stock after selling 600 shares during the period. Union Pacific accounts for about 1.3% of Fernwood Investment Management LLC’s investment portfolio, making the stock its 20th largest holding. Fernwood Investment Management LLC’s holdings in Union Pacific were worth $2,422,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Union Pacific by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock valued at $6,698,588,000 after purchasing an additional 1,146,109 shares during the last quarter. BlackRock Inc. lifted its holdings in Union Pacific by 0.3% during the 2nd quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock valued at $5,528,796,000 after purchasing an additional 141,521 shares during the last quarter. FMR LLC increased its position in Union Pacific by 84.6% in the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after acquiring an additional 4,399,980 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Union Pacific by 0.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock valued at $865,659,000 after acquiring an additional 46,298 shares in the last quarter. Finally, Capital World Investors increased its position in Union Pacific by 0.7% in the 2nd quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock valued at $798,093,000 after acquiring an additional 50,000 shares in the last quarter. 79.08% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a research report on Monday, January 15th. Scotiabank set a $150.00 price objective on shares of Union Pacific and gave the company a “hold” rating in a research report on Thursday, January 11th. Daiwa Capital Markets upgraded shares of Union Pacific from a “hold” rating to an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets restated a “buy” rating and issued a $150.00 price objective on shares of Union Pacific in a research report on Monday, January 8th. Finally, UBS Group upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $131.50.
Shares of Union Pacific Co. (NYSE UNP) opened at $131.29 on Wednesday. Union Pacific Co. has a 1 year low of $101.06 and a 1 year 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 $102,320.00, a P/E ratio of 21.99, a PEG ratio of 1.61 and a beta of 0.83.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 25th. The railroad operator reported $1.53 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.01). Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. research analysts expect that Union Pacific Co. will post 7.5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.73 per share. This is a boost from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, February 27th. This represents a $2.92 annualized dividend and a dividend yield of 2.22%. Union Pacific’s payout ratio is currently 48.91%.
About Union Pacific
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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