Banco Santander S.A. reduced its stake in shares of Union Pacific Co. (NYSE:UNP) by 72.4% during the 3rd quarter, Holdings Channel reports. The firm owned 2,288 shares of the railroad operator’s stock after selling 5,992 shares during the quarter. Banco Santander S.A.’s holdings in Union Pacific were worth $373,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Landaas & Co. WI ADV bought a new stake in shares of Union Pacific during the second quarter valued at approximately $133,000. grace capital bought a new stake in shares of Union Pacific during the second quarter valued at approximately $142,000. Parkside Investments LLC bought a new stake in shares of Union Pacific during the third quarter valued at approximately $185,000. Brand Asset Management Group Inc. bought a new position in Union Pacific in the second quarter valued at approximately $169,000. Finally, Palisades Hudson Asset Management L.P. bought a new position in Union Pacific in the third quarter valued at approximately $204,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research note on Tuesday, November 20th. Deutsche Bank raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research note on Tuesday, November 27th. ValuEngine cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Morgan Stanley raised their price objective on shares of Union Pacific from $140.00 to $141.00 and gave the company a “hold” rating in a research note on Tuesday, October 9th. Finally, Cowen raised their price objective on shares of Union Pacific from $151.00 to $153.00 and gave the company a “market perform” rating in a research note on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $165.24.
Shares of NYSE UNP opened at $153.78 on Friday. The firm has a market cap of $110.87 billion, a PE ratio of 26.56, a PEG ratio of 1.80 and a beta of 0.95. Union Pacific Co. has a twelve month low of $118.13 and a twelve month high of $165.63. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 1.01.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 25th. The railroad operator reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. The company had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.88 billion. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. During the same period last year, the firm posted $1.50 earnings per share. As a group, equities analysts anticipate that Union Pacific Co. will post 7.84 earnings per share for the current fiscal year.
The company also recently declared 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. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.08%. Union Pacific’s dividend payout ratio is 55.27%.
About Union Pacific
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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