Arrowstreet Capital Limited Partnership increased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 290.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,187,401 shares of the railroad operator’s stock after acquiring an additional 1,627,453 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.27% of Union Pacific worth $238,230,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of UNP. Proficio Capital Partners LLC lifted its holdings in Union Pacific by 36.3% during the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock worth $111,000 after acquiring an additional 274 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Union Pacific by 46.6% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock worth $117,000 after acquiring an additional 340 shares during the period. Ullmann Financial Group Inc. bought a new stake in Union Pacific during the first quarter worth $122,000. SRS Capital Advisors Inc. lifted its holdings in Union Pacific by 147.2% during the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock worth $122,000 after acquiring an additional 686 shares during the period. Finally, Delta Asset Management LLC TN lifted its holdings in Union Pacific by 6.8% during the second quarter. Delta Asset Management LLC TN now owns 1,183 shares of the railroad operator’s stock worth $129,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.
A number of analysts recently commented on the company. BidaskClub upgraded Union Pacific from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Wednesday, November 1st. Stifel Nicolaus raised their target price on Union Pacific from $118.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Citigroup downgraded Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 target price for the company. in a research report on Wednesday, October 4th. Finally, Morgan Stanley downgraded Union Pacific from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $102.00 to $100.00 in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $118.53.
Shares of Union Pacific Co. (UNP) traded down $0.06 during midday trading on Tuesday, hitting $129.05. The stock had a trading volume of 4,923,600 shares, compared to its average volume of 3,590,231. The stock has a market capitalization of $101,631.36, a PE ratio of 22.81, a PEG ratio of 2.09 and a beta of 0.90. Union Pacific Co. has a one year low of $101.06 and a one year high of $132.00. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.97 and a current ratio of 1.16.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.01. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 earnings per share. analysts predict that Union Pacific Co. will post 5.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a $0.665 dividend. The ex-dividend date is Wednesday, November 29th. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 annualized dividend and a dividend yield of 2.06%. Union Pacific’s payout ratio is 47.00%.
Union Pacific Profile
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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