Virtus Fund Advisers LLC boosted its holdings in Union Pacific Co. (NYSE:UNP) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 481,568 shares of the railroad operator’s stock after purchasing an additional 19,806 shares during the quarter. Virtus Fund Advisers LLC owned approximately 0.06% of Union Pacific worth $64,578,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Pathstone Family Office LLC boosted its stake in Union Pacific by 41.3% in the 2nd quarter. Pathstone Family Office LLC now owns 178 shares of the railroad operator’s stock worth $2,304,000 after purchasing an additional 52 shares during the period. Acropolis Investment Management LLC bought a new position in Union Pacific in the 4th quarter worth approximately $107,000. Exane Derivatives boosted its stake in Union Pacific by 55,600.0% in the 4th quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock worth $149,000 after purchasing an additional 1,112 shares during the period. Acrospire Investment Management LLC boosted its stake in Union Pacific by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock worth $131,000 after purchasing an additional 300 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in Union Pacific in the 4th quarter worth approximately $200,000. Institutional investors and hedge funds own 79.90% of the company’s stock.
A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Barclays reiterated a “buy” rating and set a $150.00 target price on shares of Union Pacific in a research report on Wednesday, December 13th. Scotiabank set a $150.00 target price on Union Pacific and gave the company a “hold” rating in a research report on Thursday, January 11th. Argus increased their target price on Union Pacific from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Morgan Stanley increased their target price on Union Pacific from $105.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $133.70.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the previous year, the company posted $1.39 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. equities analysts forecast that Union Pacific Co. will post 7.59 earnings per share for the current fiscal year.
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 issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s dividend payout ratio is presently 21.60%.
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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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