Brown Advisory Inc. grew its stake in Union Pacific Co. (NYSE:UNP – Get Rating) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,122 shares of the railroad operator’s stock after acquiring an additional 2,427 shares during the quarter. Brown Advisory Inc.’s holdings in Union Pacific were worth $12,242,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Syntal Capital Partners LLC grew its stake in shares of Union Pacific by 0.9% during the 3rd quarter. Syntal Capital Partners LLC now owns 5,254 shares of the railroad operator’s stock valued at $1,023,000 after buying an additional 48 shares during the period. Burleson & Company LLC boosted its position in Union Pacific by 4.9% during the 4th quarter. Burleson & Company LLC now owns 1,063 shares of the railroad operator’s stock worth $220,000 after purchasing an additional 50 shares during the period. Ellenbecker Investment Group boosted its position in Union Pacific by 3.3% during the 4th quarter. Ellenbecker Investment Group now owns 1,598 shares of the railroad operator’s stock worth $330,000 after purchasing an additional 51 shares during the period. Sound Income Strategies LLC boosted its position in Union Pacific by 4.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,351 shares of the railroad operator’s stock worth $280,000 after purchasing an additional 52 shares during the period. Finally, BigSur Wealth Management LLC boosted its position in Union Pacific by 1.4% during the 4th quarter. BigSur Wealth Management LLC now owns 3,809 shares of the railroad operator’s stock worth $789,000 after purchasing an additional 52 shares during the period. 77.27% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
UNP has been the subject of a number of research reports. Citigroup raised shares of Union Pacific from a “neutral” rating to a “buy” rating and upped their price target for the stock from $226.00 to $257.00 in a research report on Monday, May 22nd. StockNews.com initiated coverage on shares of Union Pacific in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Raymond James boosted their price objective on shares of Union Pacific from $225.00 to $230.00 and gave the stock a “strong-buy” rating in a report on Friday, April 21st. Morgan Stanley cut their price objective on shares of Union Pacific from $176.00 to $171.00 and set an “equal weight” rating on the stock in a report on Friday, April 21st. Finally, UBS Group boosted their price objective on shares of Union Pacific from $210.00 to $212.00 and gave the stock a “neutral” rating in a report on Friday, April 21st. Thirteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $217.41.
Union Pacific Stock Performance
Union Pacific (NYSE:UNP – Get Rating) last announced its quarterly earnings results on Thursday, April 20th. The railroad operator reported $2.67 EPS for the quarter, beating the consensus estimate of $2.57 by $0.10. Union Pacific had a net margin of 27.91% and a return on equity of 57.75%. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same quarter last year, the business earned $2.57 earnings per share. Union Pacific’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Union Pacific Co. will post 11.33 earnings per share for the current year.
Union Pacific Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st will be paid a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $5.20 annualized dividend and a dividend yield of 2.60%. Union Pacific’s payout ratio is currently 45.94%.
About Union Pacific
Union Pacific Corp. engages in the provision of railroad and freight transportation services. The company was founded in 1969 and is headquartered in Omaha, NE.
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