Seaport Global Securities upgraded shares of Union Pacific (NYSE:UNP) from a neutral rating to a buy rating in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm currently has $165.00 target price on the railroad operator’s stock.
Several other brokerages have also weighed in on UNP. Bank of America upped their price objective on shares of Union Pacific from $175.00 to $177.00 and gave the company a buy rating in a report on Monday, October 1st. Morgan Stanley upped their price objective on shares of Union Pacific from $140.00 to $141.00 and gave the company a hold rating in a report on Tuesday, October 9th. ValuEngine upgraded shares of Union Pacific from a hold rating to a buy rating in a report on Tuesday, September 18th. Wolfe Research set a $185.00 target price on shares of Union Pacific and gave the stock a buy rating in a report on Tuesday, September 18th. Finally, BMO Capital Markets upped their target price on shares of Union Pacific to $180.00 and gave the stock an outperform rating in a report on Thursday, September 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $164.72.
Shares of NYSE UNP opened at $153.21 on Tuesday. Union Pacific has a 1-year low of $121.22 and a 1-year high of $165.63. The stock has a market cap of $110.78 billion, a PE ratio of 26.46, a P/E/G ratio of 1.58 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 1.01.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, November 30th were issued a $0.80 dividend. The ex-dividend date was Thursday, November 29th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.09%. Union Pacific’s dividend payout ratio is presently 55.27%.
Hedge funds have recently modified their holdings of the business. Winthrop Partners WNY LLC grew its position in Union Pacific by 30.6% in the 3rd quarter. Winthrop Partners WNY LLC now owns 7,155 shares of the railroad operator’s stock worth $1,165,000 after purchasing an additional 1,676 shares in the last quarter. Baldwin Brothers Inc. MA grew its position in shares of Union Pacific by 4.5% during the 3rd quarter. Baldwin Brothers Inc. MA now owns 76,173 shares of the railroad operator’s stock valued at $12,403,000 after acquiring an additional 3,251 shares during the period. Parkside Investments LLC bought a new position in shares of Union Pacific during the 3rd quarter valued at approximately $185,000. Putnam Investments LLC grew its position in shares of Union Pacific by 44.9% during the 2nd quarter. Putnam Investments LLC now owns 2,554,019 shares of the railroad operator’s stock valued at $361,853,000 after acquiring an additional 791,990 shares during the period. Finally, Park National Corp OH grew its position in shares of Union Pacific by 1.6% during the 4th quarter. Park National Corp OH now owns 32,974 shares of the railroad operator’s stock valued at $4,558,000 after acquiring an additional 526 shares during the period. 79.21% of the stock is owned by institutional investors and hedge funds.
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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