Cornerstone Investment Partners LLC raised its stake in shares of Union Pacific Co. (NYSE:UNP) by 21.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 717,794 shares of the railroad operator’s stock after buying an additional 125,550 shares during the quarter. Union Pacific comprises about 3.6% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 10th biggest position. Cornerstone Investment Partners LLC owned about 0.09% of Union Pacific worth $83,243,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in UNP. Trust Co grew its holdings in Union Pacific by 191.2% during the 1st quarter. Trust Co now owns 8,948 shares of the railroad operator’s stock valued at $948,000 after buying an additional 5,875 shares during the last quarter. Beacon Financial Group grew its holdings in Union Pacific by 8.0% during the 2nd quarter. Beacon Financial Group now owns 16,804 shares of the railroad operator’s stock valued at $1,813,000 after buying an additional 1,239 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Union Pacific during the 2nd quarter valued at $664,000. Factory Mutual Insurance Co. grew its holdings in Union Pacific by 2.2% during the 2nd quarter. Factory Mutual Insurance Co. now owns 926,879 shares of the railroad operator’s stock valued at $100,946,000 after buying an additional 20,000 shares during the last quarter. Finally, BKD Wealth Advisors LLC grew its holdings in Union Pacific by 6.6% during the 2nd quarter. BKD Wealth Advisors LLC now owns 4,410 shares of the railroad operator’s stock valued at $480,000 after buying an additional 273 shares during the last quarter. Hedge funds and other 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 fifty-two week low of $101.06 and a fifty-two week high of $141.81. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $111,120.00, a price-to-earnings ratio of 24.99, a PEG ratio of 1.96 and a beta of 0.90.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.01. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $1.36 EPS. research analysts expect that Union Pacific Co. will post 5.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were given a $0.665 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Wednesday, November 29th. Union Pacific’s dividend payout ratio (DPR) is 47.08%.
A number of equities research analysts have commented on the company. Scotiabank set a $150.00 target price on Union Pacific and gave the company a “hold” rating in a report on Thursday. Daiwa Capital Markets upgraded Union Pacific from a “hold” rating to an “outperform” rating in a report on Thursday. BMO Capital Markets reiterated a “buy” rating and set a $150.00 target price on shares of Union Pacific in a report on Monday, January 8th. Zacks Investment Research cut Union Pacific from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Finally, UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $122.65.
About Union Pacific
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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