Advisory Services Network LLC increased its position in Union Pacific Co. (NYSE:UNP) by 112.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,716 shares of the railroad operator’s stock after acquiring an additional 8,320 shares during the quarter. Advisory Services Network LLC’s holdings in Union Pacific were worth $1,712,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew 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 buying an additional 1,146,109 shares in the last quarter. BlackRock Inc. grew 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 buying an additional 141,521 shares in the last quarter. FMR LLC grew its holdings in Union Pacific by 84.6% during the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after buying an additional 4,399,980 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in Union Pacific by 0.6% during 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 buying an additional 46,298 shares in the last quarter. Finally, Capital World Investors grew its holdings in Union Pacific by 0.7% during the 2nd quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock valued at $798,093,000 after buying an additional 50,000 shares in the last quarter. 78.63% of the stock is owned by institutional investors.
Several brokerages have recently commented on UNP. BidaskClub raised Union Pacific from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Barclays reissued a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a report on Wednesday. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Wednesday, November 1st. Stifel Nicolaus boosted their price objective on Union Pacific from $118.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, August 18th. Finally, Citigroup lowered Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 price objective for the company. in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company’s stock. Union Pacific presently has a consensus rating of “Hold” and an average price target of $120.00.
Union Pacific Co. (NYSE UNP) traded down $0.39 during trading hours on Thursday, reaching $130.31. The company had a trading volume of 5,696,100 shares, compared to its average volume of 3,606,271. The company has a market cap of $102,580.00, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.90. Union Pacific Co. has a one year low of $101.06 and a one year high of $132.39. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 0.83.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.01. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. Union Pacific’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS. research analysts anticipate that Union Pacific Co. will post 5.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be given a $0.665 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.66 dividend on an annualized basis and a yield of 2.04%. Union Pacific’s payout ratio is presently 47.08%.
Union Pacific Company 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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