Bank of Hawaii trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 2.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,628 shares of the railroad operator’s stock after selling 861 shares during the quarter. Bank of Hawaii’s holdings in Union Pacific were worth $3,118,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of UNP. FMR LLC lifted its position in shares of Union Pacific by 84.6% during the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after purchasing an additional 4,399,980 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Union Pacific by 59.3% during the second quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock worth $519,785,000 after purchasing an additional 1,776,644 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Union Pacific by 212.5% during the first quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock worth $252,911,000 after purchasing an additional 1,623,701 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Union Pacific by 1.9% during the second quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock worth $6,698,588,000 after purchasing an additional 1,146,109 shares during the last quarter. Finally, Harbour Capital Advisors LLC lifted its position in shares of Union Pacific by 11,520.3% during the second quarter. Harbour Capital Advisors LLC now owns 1,127,981 shares of the railroad operator’s stock worth $10,357,000 after purchasing an additional 1,118,274 shares during the last quarter. 78.63% of the stock is owned by institutional investors.
Several research firms have recently weighed in on UNP. ValuEngine downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Goldman Sachs Group began coverage on Union Pacific in a research report on Monday, November 13th. They set a “sell” rating and a $103.00 target price for the company. Royal Bank Of Canada reiterated a “hold” rating and set a $124.00 target price on shares of Union Pacific in a research report on Thursday, November 9th. Zacks Investment Research downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Argus lifted their price objective on Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $118.53.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.01. The firm 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%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share. analysts predict that Union Pacific Co. will post 5.78 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a $0.665 dividend. The ex-dividend date is Wednesday, November 29th. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 dividend on an annualized basis and a yield of 2.08%. Union Pacific’s payout ratio is currently 47.00%.
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About Union Pacific
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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