Welch & Forbes LLC Buys 516 Shares of Union Pacific Co. (UNP)

Welch & Forbes LLC raised its stake in Union Pacific Co. (NYSE:UNP) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 29,188 shares of the railroad operator’s stock after purchasing an additional 516 shares during the quarter. Welch & Forbes LLC’s holdings in Union Pacific were worth $3,914,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UNP. Advisors Management Group Inc. ADV raised its holdings in shares of Union Pacific by 0.5% during the second quarter. Advisors Management Group Inc. ADV now owns 3,330 shares of the railroad operator’s stock valued at $363,000 after acquiring an additional 17 shares in the last quarter. Highland Private Wealth Management raised its holdings in shares of Union Pacific by 0.9% during the second quarter. Highland Private Wealth Management now owns 1,996 shares of the railroad operator’s stock valued at $217,000 after acquiring an additional 18 shares in the last quarter. BigSur Wealth Management LLC raised its holdings in shares of Union Pacific by 0.7% during the second quarter. BigSur Wealth Management LLC now owns 4,680 shares of the railroad operator’s stock valued at $480,000 after acquiring an additional 31 shares in the last quarter. Pathstone Family Office LLC raised its holdings in shares of Union Pacific by 41.3% during the second quarter. Pathstone Family Office LLC now owns 178 shares of the railroad operator’s stock valued at $2,304,000 after acquiring an additional 52 shares in the last quarter. Finally, Miles Capital Inc. raised its holdings in shares of Union Pacific by 2.7% during the second quarter. Miles Capital Inc. now owns 2,282 shares of the railroad operator’s stock valued at $249,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 78.41% of the company’s stock.

UNP has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on Union Pacific from $123.00 to $127.00 and gave the company an “outperform” rating in a report on Friday, October 27th. UBS Group upped their target price on Union Pacific from $115.00 to $126.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Loop Capital upped their target price on Union Pacific from $118.00 to $120.00 and gave the company a “hold” rating in a report on Monday, October 30th. Morgan Stanley upped their target price on Union Pacific from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, October 31st. Finally, Argus upped their target price on Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $130.40.

Shares of Union Pacific Co. (NYSE UNP) opened at $130.23 on Wednesday. Union Pacific Co. has a 12 month low of $101.06 and a 12 month high of $143.05. The company has a market capitalization of $105,693.16, a price-to-earnings ratio of 23.15, a PEG ratio of 1.68 and a beta of 0.84. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.65.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, January 25th. The railroad operator reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.01). Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the prior year, the company posted $1.39 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. equities research analysts anticipate that Union Pacific Co. will post 7.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be paid a $0.73 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Tuesday, February 27th. Union Pacific’s dividend payout ratio is currently 19.67%.

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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.

Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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