Mn Services Vermogensbeheer B.V. reduced its position in Union Pacific Co. (NYSE:UNP) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 133,117 shares of the railroad operator’s stock after selling 1,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Union Pacific were worth $15,438,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Union Pacific by 46.6% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock worth $117,000 after purchasing an additional 340 shares during the period. SRS Capital Advisors Inc. grew its position in Union Pacific by 147.2% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock worth $122,000 after purchasing an additional 686 shares during the period. Acrospire Investment Management LLC grew its position 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. Community Bank N.A. grew its position in Union Pacific by 3.0% in the 2nd quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after purchasing an additional 45 shares during the period. Finally, Jacobi Capital Management LLC grew its position in Union Pacific by 6.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,705 shares of the railroad operator’s stock worth $185,000 after purchasing an additional 105 shares during the period. Institutional investors own 78.43% of the company’s stock.
A number of equities research analysts have commented on UNP shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $123.00 target price on shares of Union Pacific in a research report on Friday, September 15th. Robert W. Baird reaffirmed a “hold” rating and issued a $116.00 target price on shares of Union Pacific in a research report on Sunday, September 17th. Morgan Stanley downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $102.00 to $100.00 in a research report on Monday, October 2nd. Citigroup downgraded shares of Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 target price for the company. in a research report on Wednesday, October 4th. Finally, Aegis downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and lifted their target price for the stock from $120.00 to $122.00 in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $120.00.
Union Pacific (NYSE:UNP) last issued its quarterly earnings data 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. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. sell-side analysts forecast that Union Pacific Co. will post 5.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were issued a $0.665 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $2.66 annualized dividend and a yield of 1.98%. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio is currently 47.00%.
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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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