Segment Wealth Management LLC boosted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,001 shares of the railroad operator’s stock after acquiring an additional 1,527 shares during the period. Segment Wealth Management LLC’s holdings in Union Pacific were worth $3,248,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Pathstone Family Office LLC lifted its holdings in Union Pacific by 41.3% during the second quarter. Pathstone Family Office LLC now owns 178 shares of the railroad operator’s stock worth $2,304,000 after acquiring an additional 52 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of Union Pacific by 46.6% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock valued at $117,000 after purchasing an additional 340 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Union Pacific by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after purchasing an additional 686 shares in the last quarter. Acrospire Investment Management LLC lifted its holdings in shares of Union Pacific by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock valued at $131,000 after purchasing an additional 300 shares in the last quarter. Finally, Community Bank N.A. lifted its holdings in shares of Union Pacific by 3.0% in the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock valued at $168,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 78.43% of the company’s stock.
A number of analysts have recently commented on the company. Morgan Stanley boosted their price target on Union Pacific from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, October 31st. BMO Capital Markets restated a “buy” rating and issued a $123.00 price target on shares of Union Pacific in a report on Friday, September 15th. Goldman Sachs Group assumed coverage on Union Pacific in a report on Monday, November 13th. They issued a “sell” rating and a $103.00 price target on the stock. Citigroup lowered Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Wednesday, October 4th. Finally, Off Wall Street assumed coverage on Union Pacific in a report on Tuesday, October 17th. They issued a “sell” rating on the stock. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $120.00.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. Union Pacific’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 earnings per share. research analysts expect that Union Pacific Co. will post 5.78 EPS for the current year.
The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.98%. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s payout ratio is currently 47.08%.
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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