Glenview Trust Co increased its stake in Union Pacific Co. (NYSE:UNP) by 0.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 108,850 shares of the railroad operator’s stock after buying an additional 775 shares during the quarter. Glenview Trust Co’s holdings in Union Pacific were worth $11,855,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cibc World Markets Corp lifted its holdings in Union Pacific by 244.8% during the second quarter. Cibc World Markets Corp now owns 293,052 shares of the railroad operator’s stock valued at $31,916,000 after purchasing an additional 208,060 shares during the last quarter. Bluestein R H & Co. increased its position in shares of Union Pacific by 3.9% during the second quarter. Bluestein R H & Co. now owns 392,869 shares of the railroad operator’s stock valued at $42,787,000 after buying an additional 14,702 shares during the period. Quantbot Technologies LP bought a new stake in shares of Union Pacific during the second quarter valued at about $2,737,000. Wealthfront Inc. increased its position in shares of Union Pacific by 8.6% during the second quarter. Wealthfront Inc. now owns 24,524 shares of the railroad operator’s stock valued at $2,671,000 after buying an additional 1,948 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Union Pacific by 1.2% during the second quarter. California Public Employees Retirement System now owns 2,008,430 shares of the railroad operator’s stock valued at $218,738,000 after buying an additional 24,500 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.
Union Pacific Co. (NYSE:UNP) traded down $1.94 during mid-day trading on Friday, hitting $124.62. 4,790,000 shares of the company traded hands, compared to its average volume of 2,988,755. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.97 and a current ratio of 1.16. The company has a market capitalization of $98,097.00, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.02 and a beta of 0.89. Union Pacific Co. has a one year low of $101.06 and a one year high of $127.86.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be given a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 2.13%. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, November 29th. Union Pacific’s dividend payout ratio is 47.00%.
Several brokerages have recently weighed in on UNP. BidaskClub upgraded Union Pacific from a “strong sell” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Wednesday, November 1st. Citigroup cut Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research report on Wednesday, October 4th. Morgan Stanley cut Union Pacific from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $102.00 to $100.00 in a research report on Monday, October 2nd. Finally, Stifel Nicolaus upped their price target on Union Pacific from $118.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $118.53.
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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