Murphy Middleton Hinkle & Parker Inc. acquired a new stake in Union Pacific Co. (NYSE:UNP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,992 shares of the railroad operator’s stock, valued at approximately $401,000.
Several other hedge funds also recently modified their holdings of the stock. Advanced Asset Management Advisors Inc bought a new position in shares of Union Pacific in the 4th quarter valued at approximately $2,655,000. Orleans Capital Management Corp LA increased its position in Union Pacific by 36.6% in the 4th quarter. Orleans Capital Management Corp LA now owns 11,730 shares of the railroad operator’s stock worth $1,573,000 after buying an additional 3,140 shares during the period. Rhumbline Advisers increased its position in Union Pacific by 0.6% in the 4th quarter. Rhumbline Advisers now owns 1,413,169 shares of the railroad operator’s stock worth $189,506,000 after buying an additional 8,214 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Union Pacific by 6.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 697,504 shares of the railroad operator’s stock worth $93,538,000 after buying an additional 42,634 shares during the period. Finally, Twin Tree Management LP increased its position in Union Pacific by 1,405.7% in the 4th quarter. Twin Tree Management LP now owns 55,816 shares of the railroad operator’s stock worth $7,485,000 after buying an additional 52,109 shares during the period. 80.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of Union Pacific stock opened at $137.16 on Monday. The stock has a market capitalization of $106,889.48, a P/E ratio of 10.14, a PEG ratio of 1.70 and a beta of 0.83. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.65. Union Pacific Co. has a 1 year low of $101.06 and a 1 year high of $143.05.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be paid a $0.73 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, February 27th. This represents a $2.92 annualized dividend and a yield of 2.13%. Union Pacific’s payout ratio is currently 21.60%.
Several brokerages have commented on UNP. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a research report on Monday, January 15th. Scotiabank set a $150.00 price target on Union Pacific and gave the stock a “hold” rating in a research report on Thursday, January 11th. Daiwa Capital Markets raised Union Pacific from a “hold” rating to an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $150.00 price target on shares of Union Pacific in a research report on Monday, January 8th. Finally, UBS raised Union Pacific from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. Union Pacific has a consensus rating of “Hold” and an average price target of $133.70.
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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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