DekaBank Deutsche Girozentrale lowered its stake in Union Pacific Co. (NYSE:UNP – Free Report) by 35.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,046 shares of the railroad operator’s stock after selling 95,297 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Union Pacific were worth $34,823,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Koesten Hirschmann & Crabtree INC. acquired a new stake in Union Pacific in the fourth quarter valued at approximately $25,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Union Pacific during the 4th quarter valued at $32,000. Power Corp of Canada bought a new stake in Union Pacific during the 1st quarter worth $40,000. Heritage Wealth Management LLC increased its holdings in Union Pacific by 152.5% in the 4th quarter. Heritage Wealth Management LLC now owns 202 shares of the railroad operator’s stock worth $42,000 after purchasing an additional 122 shares in the last quarter. Finally, Chelsea Counsel Co. bought a new position in Union Pacific in the fourth quarter valued at about $43,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.
Union Pacific Stock Performance
Shares of Union Pacific stock opened at $202.82 on Friday. The business has a 50-day simple moving average of $199.69 and a 200 day simple moving average of $201.40. Union Pacific Co. has a one year low of $183.69 and a one year high of $242.35. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.65 and a quick ratio of 0.54. The firm has a market capitalization of $123.77 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 1.79 and a beta of 1.10.
Union Pacific Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Tuesday, May 30th. Union Pacific’s dividend payout ratio (DPR) is 45.94%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on UNP shares. Stifel Nicolaus reduced their price target on Union Pacific from $222.00 to $216.00 and set a “hold” rating on the stock in a report on Friday, April 21st. Morgan Stanley decreased their price target on shares of Union Pacific from $171.00 to $168.00 in a research report on Thursday. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $226.00 to $257.00 in a report on Monday, May 22nd. UBS Group increased their price objective on Union Pacific from $210.00 to $212.00 and gave the company a “neutral” rating in a report on Friday, April 21st. Finally, Susquehanna cut their target price on Union Pacific from $203.00 to $202.00 and set a “neutral” rating on the stock in a report on Friday, April 21st. Thirteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy 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 $217.63.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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