Lincoln Capital LLC cut its stake in shares of Union Pacific Co. (NYSE:UNP) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,175 shares of the railroad operator’s stock after selling 1,730 shares during the period. Union Pacific comprises about 0.9% of Lincoln Capital LLC’s investment portfolio, making the stock its 25th biggest position. Lincoln Capital LLC’s holdings in Union Pacific were worth $1,528,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UNP. OMERS ADMINISTRATION Corp lifted its position in shares of Union Pacific by 15.5% in the second quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock valued at $109,803,000 after acquiring an additional 134,950 shares in the last quarter. Community Bank N.A. lifted its position in shares of Union Pacific by 3.0% in the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after buying an additional 45 shares in the last quarter. Northeast Investment Management lifted its position in shares of Union Pacific by 2.8% in the second quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock worth $30,305,000 after buying an additional 7,663 shares in the last quarter. Barings LLC lifted its position in shares of Union Pacific by 357.1% in the first quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock worth $5,104,000 after buying an additional 37,643 shares in the last quarter. Finally, Greystone Managed Investments Inc. lifted its position in shares of Union Pacific by 8.9% in the second quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock worth $9,161,000 after buying an additional 6,890 shares in the last quarter. Institutional investors own 78.45% of the company’s stock.
UNP has been the topic of a number of research analyst reports. Argus boosted their target price on Union Pacific from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. BMO Capital Markets reiterated a “buy” rating on shares of Union Pacific in a research report on Friday, October 20th. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Wednesday, November 1st. Barclays reiterated a “buy” rating and issued a $150.00 target price on shares of Union Pacific in a research report on Wednesday, December 13th. Finally, UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $121.21.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 earnings per share. equities analysts predict that Union Pacific Co. will post 5.78 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 paid a dividend of $0.665 per share. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date was Wednesday, November 29th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.90%. Union Pacific’s dividend payout ratio is currently 47.08%.
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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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