Community Bank N.A. lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 24.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,394 shares of the railroad operator’s stock after purchasing an additional 854 shares during the quarter. Community Bank N.A.’s holdings in Union Pacific were worth $607,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Gradient Investments LLC increased its stake in shares of Union Pacific by 117.1% during the 4th quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock worth $33,000 after purchasing an additional 130 shares during the last quarter. Tributary Capital Management LLC acquired a new position in Union Pacific in the 4th quarter valued at $42,000. Contravisory Investment Management Inc. grew its stake in Union Pacific by 186.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 369 shares of the railroad operator’s stock valued at $51,000 after buying an additional 240 shares during the last quarter. Cascade Investment Advisors Inc. grew its stake in Union Pacific by 100.0% in the 4th quarter. Cascade Investment Advisors Inc. now owns 400 shares of the railroad operator’s stock valued at $55,000 after buying an additional 200 shares during the last quarter. Finally, Highwater Wealth Management LLC acquired a new position in Union Pacific in the 4th quarter valued at $80,000. Institutional investors own 78.90% of the company’s stock.
NYSE UNP opened at $161.72 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $119.15 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.67 and a beta of 1.10. Union Pacific Co. has a 52-week low of $121.22 and a 52-week high of $165.63.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 28th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.18%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, February 27th. Union Pacific’s dividend payout ratio (DPR) is currently 40.46%.
Union Pacific announced that its board has initiated a stock repurchase program on Thursday, February 7th that authorizes the company to repurchase 150,000,000 outstanding shares. This repurchase authorization authorizes the railroad operator to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of research firms recently issued reports on UNP. Zacks Investment Research upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Tuesday, November 20th. ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Cowen reiterated a “buy” rating on shares of Union Pacific in a research note on Thursday, January 24th. Scotiabank upgraded shares of Union Pacific from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from $175.00 to $165.00 in a research note on Monday, January 7th. Finally, Atlantic Securities began coverage on shares of Union Pacific in a research note on Tuesday, January 8th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $169.39.
Union Pacific 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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