Alley Co LLC lifted its stake in Union Pacific Co. (NYSE:UNP) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,614 shares of the railroad operator’s stock after buying an additional 622 shares during the quarter. Union Pacific comprises 2.5% of Alley Co LLC’s portfolio, making the stock its 9th biggest holding. Alley Co LLC’s holdings in Union Pacific were worth $6,913,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp raised its stake in shares of Union Pacific by 15.5% in the second quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock worth $109,803,000 after buying an additional 134,950 shares during the period. Community Bank N.A. raised its stake in Union Pacific by 3.0% during the 2nd 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 during the period. Northeast Investment Management raised its stake in Union Pacific by 2.8% during the 2nd quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock valued at $30,305,000 after purchasing an additional 7,663 shares during the period. Barings LLC raised its stake in Union Pacific by 357.1% during the 1st quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock valued at $5,104,000 after purchasing an additional 37,643 shares during the period. Finally, Greystone Managed Investments Inc. raised its stake in Union Pacific by 8.9% during the 2nd quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock valued at $9,161,000 after purchasing an additional 6,890 shares during the period. 78.43% of the stock is currently owned by hedge funds and other institutional investors.
UNP has been the topic of several recent analyst reports. Barclays reissued a “buy” rating and set a $150.00 target price on shares of Union Pacific in a research note on Wednesday, December 13th. Argus lifted their target price on Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. BMO Capital Markets reissued a “buy” rating on shares of Union Pacific in a research note on Friday, October 20th. Morgan Stanley downgraded Union Pacific from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $102.00 to $100.00 in a research note on Monday, October 2nd. Finally, Royal Bank of Canada reissued a “hold” rating and set a $124.00 target price on shares of Union Pacific in a research note on Thursday, November 9th. 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 company’s stock. Union Pacific currently has an average rating of “Hold” and a consensus target price of $120.00.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.01. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific had a return on equity of 24.71% and a net margin of 22.08%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS. equities research analysts expect that Union Pacific Co. will post 5.78 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 1.98%. The ex-dividend date is Wednesday, November 29th. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio (DPR) is currently 47.08%.
ILLEGAL ACTIVITY NOTICE: “Union Pacific Co. (UNP) Shares Bought by Alley Co LLC” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/12/25/union-pacific-co-unp-shares-bought-by-alley-co-llc.html.
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.
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).
What are top analysts saying about Union Pacific? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Union Pacific and related companies.