Financial Gravity Companies Inc. purchased a new stake in Union Pacific Co. (NYSE:UNP) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,086 shares of the railroad operator’s stock, valued at approximately $333,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in UNP. Private Ocean LLC acquired a new stake in Union Pacific in the 4th quarter valued at $25,000. Gradient Investments LLC increased its holdings in Union Pacific by 117.1% in the 4th quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock valued at $33,000 after purchasing an additional 130 shares in the last quarter. Tributary Capital Management LLC acquired a new stake in Union Pacific in the 4th quarter valued at $42,000. Contravisory Investment Management Inc. grew its stake in shares of Union Pacific by 186.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 369 shares of the railroad operator’s stock valued at $51,000 after acquiring an additional 240 shares in the last quarter. Finally, Cascade Investment Advisors Inc. grew its stake in shares of Union Pacific by 100.0% during the fourth quarter. Cascade Investment Advisors Inc. now owns 400 shares of the railroad operator’s stock valued at $55,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 80.67% of the company’s stock.
Shares of UNP stock opened at $170.17 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. Union Pacific Co. has a one year low of $125.31 and a one year high of $172.44. The stock has a market cap of $123.85 billion, a PE ratio of 21.51, a P/E/G ratio of 1.77 and a beta of 1.10.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 24th. The railroad operator reported $2.12 EPS for the quarter, topping the consensus estimate of $2.06 by $0.06. Union Pacific had a net margin of 26.13% and a return on equity of 27.95%. The business had revenue of $5.76 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter last year, the company posted $1.53 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, analysts anticipate that Union Pacific Co. will post 9.07 EPS for the current year.
Union Pacific declared that its Board of Directors has approved a stock repurchase program on Thursday, February 7th that authorizes the company to buyback 150,000,000 outstanding shares. This buyback authorization authorizes the railroad operator to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.88 per share. This is a boost from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $3.52 annualized dividend and a dividend yield of 2.07%. Union Pacific’s dividend payout ratio (DPR) is presently 40.46%.
UNP has been the subject of several recent analyst reports. Cowen upgraded Union Pacific from a “market perform” rating to an “outperform” rating and raised their target price for the company from $153.00 to $178.00 in a research note on Tuesday, January 8th. Credit Suisse Group raised their target price on Union Pacific from $187.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. Loop Capital raised their target price on Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a research note on Thursday, January 24th. TD Securities downgraded Union Pacific from a “buy” rating to a “hold” rating and lowered their target price for the company from $170.00 to $160.00 in a research note on Friday, October 26th. Finally, Argus raised their target price on Union Pacific to $175.00 and gave the company a “positive” rating in a research note on Friday, January 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Union Pacific presently has a consensus rating of “Buy” and an average price target of $169.39.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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