Lmcg Investments LLC Purchases 5,495 Shares of Union Pacific Corporation $UNP

Lmcg Investments LLC raised its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 17.9% during the third quarter, HoldingsChannel reports. The firm owned 36,112 shares of the railroad operator’s stock after purchasing an additional 5,495 shares during the period. Lmcg Investments LLC’s holdings in Union Pacific were worth $8,536,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in Union Pacific during the 2nd quarter valued at $1,856,340,000. Fisher Asset Management LLC boosted its holdings in shares of Union Pacific by 0.7% in the 2nd quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock valued at $1,472,217,000 after buying an additional 46,436 shares in the last quarter. Amundi raised its stake in shares of Union Pacific by 35.6% during the 2nd quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock worth $1,134,236,000 after acquiring an additional 1,255,231 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Union Pacific by 32.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock valued at $725,222,000 after acquiring an additional 778,411 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its stake in Union Pacific by 22,618.2% in the second quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after acquiring an additional 2,613,083 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

NYSE UNP opened at $229.75 on Friday. The stock has a 50-day simple moving average of $230.72 and a two-hundred day simple moving average of $227.15. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. The firm has a market capitalization of $136.28 billion, a P/E ratio of 19.52, a PEG ratio of 2.65 and a beta of 0.99. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.75 EPS. On average, equities analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 5th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, December 5th. Union Pacific’s payout ratio is currently 46.90%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. BMO Capital Markets set a $255.00 price objective on Union Pacific in a research report on Wednesday, January 7th. JPMorgan Chase & Co. boosted their price target on Union Pacific from $267.00 to $270.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. The Goldman Sachs Group set a $263.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Cowen restated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Finally, UBS Group set a $253.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $259.58.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.