Valicenti Advisory Services Inc. lessened its holdings in Union Pacific Co. (NYSE:UNP) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,580 shares of the railroad operator’s stock after selling 2,375 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in Union Pacific were worth $2,357,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Acropolis Investment Management LLC acquired a new stake in shares of Union Pacific in the 4th quarter valued at $107,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in shares of 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 valued at $117,000 after purchasing an additional 340 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Union Pacific by 33.3% in the 2nd 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. Community Bank N.A. boosted its holdings in shares of Union Pacific by 3.0% in 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 in the last quarter. Finally, Jacobi Capital Management LLC boosted its holdings in shares of Union Pacific by 6.6% in the 2nd quarter. Jacobi Capital Management LLC now owns 1,705 shares of the railroad operator’s stock valued at $185,000 after purchasing an additional 105 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently weighed in on UNP. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a report on Monday, January 15th. Scotiabank set a $150.00 price objective on Union Pacific and gave the company a “hold” rating in a report on Thursday, January 11th. Daiwa Capital Markets raised Union Pacific from a “hold” rating to an “outperform” rating in a report on Thursday, January 11th. BMO Capital Markets reissued a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a report on Monday, January 8th. Finally, UBS Group raised Union Pacific from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. Union Pacific has an average rating of “Hold” and an average price target of $130.40.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, January 25th. The railroad operator reported $1.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.44 billion. Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. equities analysts anticipate that Union Pacific Co. will post 7.52 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a yield of 2.29%. Union Pacific’s payout ratio is presently 19.70%.
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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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