Carl Domino Inc trimmed its holdings in shares of Union Pacific Co. (NYSE:UNP) by 9.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,425 shares of the railroad operator’s stock after selling 1,185 shares during the quarter. Union Pacific comprises approximately 1.6% of Carl Domino Inc’s holdings, making the stock its 18th largest holding. Carl Domino Inc’s holdings in Union Pacific were worth $1,325,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in UNP. Gainplan LLC lifted its stake in shares of Union Pacific by 0.6% in the 2nd quarter. Gainplan LLC now owns 2,230 shares of the railroad operator’s stock valued at $243,000 after purchasing an additional 13 shares during the period. Advisors Management Group Inc. ADV lifted its stake in shares of Union Pacific by 0.5% in the 2nd quarter. Advisors Management Group Inc. ADV now owns 3,330 shares of the railroad operator’s stock valued at $363,000 after purchasing an additional 17 shares during the period. Highland Private Wealth Management lifted its stake in shares of Union Pacific by 0.9% in the 2nd quarter. Highland Private Wealth Management now owns 1,996 shares of the railroad operator’s stock valued at $217,000 after purchasing an additional 18 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its stake in shares of Union Pacific by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 6,579 shares of the railroad operator’s stock valued at $716,000 after purchasing an additional 20 shares during the period. Finally, Janney Capital Management LLC lifted its stake in shares of Union Pacific by 1.1% in the 2nd quarter. Janney Capital Management LLC now owns 2,158 shares of the railroad operator’s stock valued at $235,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 78.45% of the company’s stock.
Several equities analysts recently issued reports on UNP shares. Barclays reiterated a “buy” rating and issued a $150.00 target price on shares of Union Pacific in a research note on Wednesday, December 13th. Argus boosted their target price on shares of 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 reiterated a “buy” rating on shares of Union Pacific in a research note on Friday, October 20th. Morgan Stanley cut shares of 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 reiterated a “hold” rating and issued a $124.00 target price on shares of Union Pacific in a research note on Thursday, November 9th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. Union Pacific currently has a consensus rating of “Hold” and a consensus target price of $121.21.
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, topping the Zacks’ consensus estimate of $1.49 by $0.01. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the prior year, the firm earned $1.36 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. equities research analysts forecast that Union Pacific Co. will post 5.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.665 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date was Wednesday, November 29th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.90%. Union Pacific’s dividend payout ratio is presently 47.08%.
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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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