Fayez Sarofim & Co Has $333.80 Million Stock Position in Union Pacific Corporation $UNP

Fayez Sarofim & Co reduced its holdings in Union Pacific Corporation (NYSE:UNP) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,412,177 shares of the railroad operator’s stock after selling 274,038 shares during the period. Fayez Sarofim & Co’s holdings in Union Pacific were worth $333,796,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Caitlin John LLC purchased a new stake in shares of Union Pacific in the third quarter worth approximately $27,000. Howard Hughes Medical Institute purchased a new position in Union Pacific during the second quarter valued at approximately $30,000. Financial Gravity Companies Inc. acquired a new position in Union Pacific in the 2nd quarter valued at approximately $31,000. Total Investment Management Inc. acquired a new position in Union Pacific in the 2nd quarter valued at approximately $31,000. Finally, Sagard Holdings Management Inc. purchased a new stake in Union Pacific in the 2nd quarter worth approximately $33,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UNP. Citigroup reissued a “buy” rating and set a $270.00 target price (up from $265.00) on shares of Union Pacific in a research note on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 price target on shares of Union Pacific in a research note on Thursday, December 18th. TD Cowen cut their price objective on Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, January 27th. Finally, Robert W. Baird set a $311.00 target price on Union Pacific and gave the company an “outperform” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $263.77.

Union Pacific Trading Down 0.8%

Union Pacific stock opened at $242.22 on Monday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $268.14. The company’s fifty day moving average price is $246.47 and its two-hundred day moving average price is $233.90. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. The company has a market capitalization of $143.73 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.65 and a beta of 0.95.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.Union Pacific’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.91 EPS. On average, analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, February 27th. Union Pacific’s dividend payout ratio (DPR) is presently 46.12%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.