Great Lakes Advisors LLC lessened its position in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 28.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,740 shares of the railroad operator’s stock after selling 7,283 shares during the period. Great Lakes Advisors LLC’s holdings in Union Pacific were worth $3,772,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Union Pacific in the 4th quarter valued at approximately $25,000. NewSquare Capital LLC lifted its stake in Union Pacific by 116.7% in the 1st quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $26,000 after purchasing an additional 70 shares during the last quarter. Miller Wealth Advisors LLC boosted its position in Union Pacific by 108.3% in the first quarter. Miller Wealth Advisors LLC now owns 125 shares of the railroad operator’s stock valued at $30,000 after buying an additional 65 shares in the last quarter. Centerpoint Advisors LLC grew its stake in shares of Union Pacific by 86.7% during the first quarter. Centerpoint Advisors LLC now owns 155 shares of the railroad operator’s stock worth $31,000 after buying an additional 72 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of Union Pacific during the fourth quarter worth $32,000. Institutional investors and hedge funds own 84.04% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Benchmark boosted their price objective on Union Pacific from $230.00 to $264.00 in a research report on Thursday, July 27th. Susquehanna boosted their price target on Union Pacific from $230.00 to $240.00 in a report on Thursday, July 27th. Robert W. Baird upped their price objective on Union Pacific from $228.00 to $260.00 in a research note on Thursday, July 27th. Wells Fargo & Company lifted their target price on shares of Union Pacific from $200.00 to $245.00 in a research report on Thursday, July 27th. Finally, Stephens boosted their target price on shares of Union Pacific from $232.00 to $257.00 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Thirteen research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $233.97.
Union Pacific Stock Up 0.4 %
Shares of NYSE UNP opened at $225.26 on Friday. Union Pacific Co. has a 12-month low of $183.69 and a 12-month high of $241.00. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 2.39. The firm has a market cap of $137.29 billion, a PE ratio of 20.55, a P/E/G ratio of 2.15 and a beta of 1.11. The company’s fifty day simple moving average is $214.79 and its 200 day simple moving average is $204.40.
Union Pacific (NYSE:UNP – Get Free Report) last issued its earnings results on Wednesday, July 26th. The railroad operator reported $2.57 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.18). The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 27.18% and a return on equity of 55.03%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.93 earnings per share. As a group, sell-side analysts forecast that Union Pacific Co. will post 10.5 earnings per share for the current fiscal year.
Union Pacific Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, August 30th. Union Pacific’s payout ratio is currently 47.45%.
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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