Palisade Capital Management LLC NJ lowered its stake in Union Pacific Co. (NYSE:UNP) by 27.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,025 shares of the railroad operator’s stock after selling 20,990 shares during the quarter. Palisade Capital Management LLC NJ’s holdings in Union Pacific were worth $6,381,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Union Pacific by 46.6% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock worth $117,000 after acquiring an additional 340 shares during the period. SRS Capital Advisors Inc. raised its position in Union Pacific by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock worth $122,000 after acquiring an additional 686 shares during the period. Acrospire Investment Management LLC raised its position in Union Pacific by 33.3% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock worth $131,000 after acquiring an additional 300 shares during the period. Community Bank N.A. raised its position in Union Pacific by 3.0% in the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after acquiring an additional 45 shares during the period. Finally, Jacobi Capital Management LLC raised its position in Union Pacific by 6.6% in the second quarter. Jacobi Capital Management LLC now owns 1,705 shares of the railroad operator’s stock worth $185,000 after acquiring an additional 105 shares during the period. Institutional investors own 78.45% of the company’s stock.
Shares of Union Pacific Co. (NYSE UNP) opened at $141.17 on Friday. Union Pacific Co. has a twelve month low of $101.06 and a twelve month high of $141.81. The firm has a market cap of $111,120.00, a PE ratio of 24.99, a P/E/G ratio of 1.96 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The company had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter last year, the business posted $1.36 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. equities analysts forecast that Union Pacific Co. will post 5.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were issued a $0.665 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $2.66 annualized dividend and a dividend yield of 1.88%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s payout ratio is currently 47.08%.
UNP has been the topic of several recent analyst reports. Barclays restated a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a research report on Wednesday, December 13th. Argus raised their price objective on shares of Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Scotiabank set a $150.00 target price on shares of Union Pacific and gave the company a “hold” rating in a research note on Thursday. BMO Capital Markets reaffirmed a “buy” rating on shares of Union Pacific in a research note on Friday, October 20th. Finally, Morgan Stanley cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $102.00 to $100.00 in a research note on Monday, October 2nd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $122.65.
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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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