Cornerstone Investment Partners LLC increased its position in Union Pacific Co. (NYSE:UNP) by 21.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 717,794 shares of the railroad operator’s stock after buying an additional 125,550 shares during the quarter. Union Pacific comprises about 3.6% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 10th biggest position. Cornerstone Investment Partners LLC’s holdings in Union Pacific were worth $83,243,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of UNP. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Union Pacific by 46.6% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock worth $117,000 after buying an additional 340 shares during the period. Acrospire Investment Management LLC raised its position in shares of Union Pacific by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock worth $131,000 after buying an additional 300 shares during the period. Community Bank N.A. raised its position in Union Pacific by 3.0% in the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock valued at $168,000 after purchasing an additional 45 shares during the period. Jacobi Capital Management LLC raised its position in Union Pacific by 6.6% in the second quarter. Jacobi Capital Management LLC now owns 1,705 shares of the railroad operator’s stock valued at $185,000 after purchasing an additional 105 shares during the period. Finally, Yorkville Capital Management LLC purchased a new position in Union Pacific in the second quarter valued at about $202,000. 78.45% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on UNP. Morgan Stanley raised their price objective on Union Pacific from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 31st. Goldman Sachs Group began coverage on Union Pacific in a research report on Monday, November 13th. They issued a “sell” rating and a $103.00 price objective on the stock. Wolfe Research raised Union Pacific from a “market perform” rating to an “outperform” rating in a research report on Friday, January 5th. Daiwa Capital Markets raised Union Pacific from a “hold” rating to an “outperform” rating in a research report on Thursday. Finally, Citigroup lowered Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research report on Wednesday, October 4th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $122.65.
Shares of Union Pacific Co. (UNP) opened at $141.17 on Friday. Union Pacific Co. has a 52-week low of $101.06 and a 52-week high of $141.81. The stock has a market capitalization of $111,120.00, a PE ratio of 24.99, a PEG ratio of 1.96 and a beta of 0.90. 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 earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. research analysts predict that Union Pacific Co. will post 5.79 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were given a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.88%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date was Wednesday, November 29th. Union Pacific’s payout ratio is presently 47.08%.
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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