Xact Kapitalforvaltning AB boosted its position in Union Pacific Co. (NYSE:UNP) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 134,287 shares of the railroad operator’s stock after purchasing an additional 1,973 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Union Pacific were worth $15,573,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. OMERS ADMINISTRATION Corp grew its stake in shares of Union Pacific by 15.5% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock worth $109,803,000 after purchasing an additional 134,950 shares during the last quarter. Community Bank N.A. grew its stake in shares of Union Pacific by 3.0% in the 2nd quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after purchasing an additional 45 shares during the last quarter. Northeast Investment Management grew its stake in shares of Union Pacific by 2.8% in the 2nd quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock worth $30,305,000 after purchasing an additional 7,663 shares during the last quarter. Barings LLC grew its stake in shares of Union Pacific by 357.1% in the 1st quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock worth $5,104,000 after purchasing an additional 37,643 shares during the last quarter. Finally, Greystone Managed Investments Inc. grew its stake in shares of Union Pacific by 8.9% in the 2nd quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock worth $9,161,000 after purchasing an additional 6,890 shares during the last quarter. Hedge funds and other institutional investors own 78.45% of the company’s stock.
UNP has been the topic of several recent research reports. Argus lifted their price objective on shares of Union Pacific from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. BMO Capital Markets reissued a “buy” rating on shares of Union Pacific in a research report on Friday, October 20th. Zacks Investment Research raised shares of 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 reaffirmed a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a research report on Wednesday, December 13th. Finally, UBS Group raised shares of 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, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $122.65.
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 net margin of 21.84% and a return on equity of 23.35%. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Union Pacific’s revenue was up 4.5% compared to the same quarter last year. equities research analysts anticipate that Union Pacific Co. will post 5.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were issued a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Wednesday, November 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s payout ratio is 47.08%.
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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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