Courant Investment Management LLC trimmed its position in Union Pacific Co. (NYSE:UNP) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,086 shares of the railroad operator’s stock after selling 7,500 shares during the quarter. Union Pacific accounts for 15.9% of Courant Investment Management LLC’s portfolio, making the stock its largest position. Courant Investment Management LLC’s holdings in Union Pacific were worth $20,305,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Union Pacific by 10.2% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 28,990 shares of the railroad operator’s stock worth $3,071,000 after acquiring an additional 2,690 shares in the last quarter. Summit Global Investments acquired a new position in Union Pacific during the first quarter worth $499,000. Farmers National Bank raised its stake in Union Pacific by 2.9% during the first quarter. Farmers National Bank now owns 10,128 shares of the railroad operator’s stock worth $988,000 after acquiring an additional 283 shares in the last quarter. Pensionfund DSM Netherlands acquired a new position in Union Pacific during the second quarter worth $4,792,000. Finally, Pensionfund Sabic acquired a new position in Union Pacific during the second quarter worth $2,396,000. Institutional investors and hedge funds own 78.45% of the company’s stock.
Several research firms have issued reports on UNP. BMO Capital Markets reiterated a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a research note on Monday. Zacks Investment Research lowered Union Pacific from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Wolfe Research upgraded Union Pacific from a “market perform” rating to an “outperform” rating in a research note on Friday, January 5th. Finally, Barclays reiterated a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a research note on Wednesday, December 13th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $121.21.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, topping the consensus estimate of $1.49 by $0.01. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 earnings per share. research analysts expect that Union Pacific Co. will post 5.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were issued a $0.665 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $2.66 annualized dividend and a yield of 1.89%. Union Pacific’s dividend payout ratio (DPR) is currently 47.08%.
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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.
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