Panagora Asset Management Inc. decreased its position in Union Pacific Co. (NYSE:UNP) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,161 shares of the railroad operator’s stock after selling 3,847 shares during the period. Panagora Asset Management Inc.’s holdings in Union Pacific were worth $18,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the stock. Landaas & Co. WI ADV acquired a new stake in Union Pacific during the 2nd quarter worth about $133,000. grace capital acquired a new stake in Union Pacific during the 2nd quarter worth about $142,000. Brand Asset Management Group Inc. acquired a new stake in Union Pacific during the 2nd quarter worth about $169,000. Parkside Investments LLC acquired a new stake in Union Pacific during the 3rd quarter worth about $185,000. Finally, City Holding Co. acquired a new stake in Union Pacific during the 2nd quarter worth about $186,000. Institutional investors own 80.15% of the company’s stock.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Tuesday, November 20th. Deutsche Bank raised Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Tuesday. ValuEngine downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Morgan Stanley increased their price target on Union Pacific from $140.00 to $141.00 and gave the stock a “hold” rating in a research report on Tuesday, October 9th. Finally, Cowen increased their price target on Union Pacific from $151.00 to $153.00 and gave the stock a “market perform” rating in a research report on Friday, October 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $165.24.
NYSE:UNP opened at $153.78 on Friday. Union Pacific Co. has a 52 week low of $118.13 and a 52 week high of $165.63. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.89 and a current ratio of 1.06. The stock has a market cap of $110.87 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 25th. The railroad operator reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.05. Union Pacific had a return on equity of 25.02% and a net margin of 51.90%. The firm had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.88 billion. During the same period last year, the firm earned $1.50 EPS. As a group, analysts expect that Union Pacific Co. will post 7.84 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 30th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, November 29th. Union Pacific’s dividend payout ratio (DPR) is presently 55.27%.
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Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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