Global X Management Co. LLC grew its position in Union Pacific Co. (NYSE:UNP) by 29.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,091 shares of the railroad operator’s stock after buying an additional 4,369 shares during the period. Global X Management Co. LLC’s holdings in Union Pacific were worth $2,560,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Union Pacific by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock worth $6,698,588,000 after purchasing an additional 1,146,109 shares during the last quarter. BlackRock Inc. boosted its position in shares of Union Pacific by 0.3% in the 2nd quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock worth $5,528,796,000 after purchasing an additional 141,521 shares during the last quarter. FMR LLC boosted its position in shares of Union Pacific by 84.6% in the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after purchasing an additional 4,399,980 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Union Pacific by 0.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock worth $865,659,000 after purchasing an additional 46,298 shares during the last quarter. Finally, Capital World Investors boosted its position in shares of Union Pacific by 0.7% in the 2nd quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock worth $798,093,000 after purchasing an additional 50,000 shares during the last quarter. 80.16% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on UNP shares. UBS upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. BMO Capital Markets restated a “buy” rating and issued a $150.00 price target on shares of Union Pacific in a research report on Monday, January 8th. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a research report on Monday, January 15th. Wolfe Research upgraded Union Pacific from a “market perform” rating to an “outperform” rating in a research report on Friday, January 5th. Finally, Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the stock. Union Pacific has an average rating of “Hold” and an average target price of $133.70.
Union Pacific Co. (UNP) opened at $137.16 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.83 and a current ratio of 1.02. The firm has a market capitalization of $105,073.70, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83. Union Pacific Co. has a twelve month low of $101.06 and a twelve month high of $143.05.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 25th. The railroad operator reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.01). The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.44 billion. Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 earnings per share. equities analysts predict that Union Pacific Co. will post 7.58 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, February 27th. Union Pacific’s payout ratio is 21.60%.
COPYRIGHT VIOLATION WARNING: This news story was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.thelincolnianonline.com/2018/03/17/global-x-management-co-llc-grows-stake-in-union-pacific-co-unp.html.
Union Pacific 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.
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.