L.M. Kohn & Company Has $1.21 Million Holdings in Union Pacific Co. (NYSE:UNP)

L.M. Kohn & Company boosted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,915 shares of the railroad operator’s stock after buying an additional 202 shares during the quarter. L.M. Kohn & Company’s holdings in Union Pacific were worth $1,211,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Marshall Wace LLP increased its holdings in shares of Union Pacific by 272.3% during the 2nd quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock valued at $379,689,000 after acquiring an additional 1,227,318 shares during the last quarter. International Assets Investment Management LLC boosted its position in Union Pacific by 19,878.6% during the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after purchasing an additional 891,555 shares during the period. Impax Asset Management Group plc grew its holdings in Union Pacific by 2,025.4% during the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock valued at $134,636,000 after purchasing an additional 520,536 shares during the last quarter. Jennison Associates LLC raised its position in shares of Union Pacific by 170.9% in the third quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock valued at $181,470,000 after purchasing an additional 464,477 shares during the period. Finally, Bridges Investment Management Inc. lifted its stake in shares of Union Pacific by 186.4% in the second quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock worth $159,461,000 after buying an additional 458,664 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on UNP. Susquehanna dropped their target price on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. BMO Capital Markets dropped their price objective on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Benchmark restated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research note on Friday, October 25th. Wells Fargo & Company dropped their price target on Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Royal Bank of Canada cut their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Stock Performance

NYSE:UNP opened at $244.87 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The firm has a 50-day moving average price of $240.12 and a 200 day moving average price of $238.55. The firm has a market capitalization of $148.45 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.43 and a beta of 1.06. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same period in the previous year, the company posted $2.51 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Research analysts anticipate that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a dividend of $1.34 per share. The ex-dividend date is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.19%. Union Pacific’s payout ratio is presently 49.22%.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.