Union Pacific Co. (UNP) Stake Boosted by United Bank VA
United Bank VA grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 6.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 37,127 shares of the railroad operator’s stock after purchasing an additional 2,126 shares during the period. Union Pacific makes up approximately 3.9% of United Bank VA’s holdings, making the stock its 8th largest position. United Bank VA’s holdings in Union Pacific were worth $4,044,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Gainplan LLC increased its position in shares of Union Pacific by 0.6% during the second quarter. Gainplan LLC now owns 2,230 shares of the railroad operator’s stock valued at $243,000 after acquiring an additional 13 shares in the last quarter. Advisors Management Group Inc. ADV increased its position in shares of Union Pacific by 0.5% during the second quarter. Advisors Management Group Inc. ADV now owns 3,330 shares of the railroad operator’s stock valued at $363,000 after acquiring an additional 17 shares in the last quarter. Highland Private Wealth Management grew its position in Union Pacific by 0.9% in the 2nd quarter. Highland Private Wealth Management now owns 1,996 shares of the railroad operator’s stock worth $217,000 after purchasing an additional 18 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in Union Pacific by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 6,579 shares of the railroad operator’s stock worth $716,000 after purchasing an additional 20 shares during the period. Finally, Janney Capital Management LLC grew its position in Union Pacific by 1.1% in the 2nd quarter. Janney Capital Management LLC now owns 2,158 shares of the railroad operator’s stock worth $235,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.
A number of equities research analysts have commented on UNP shares. Barclays reaffirmed a “buy” rating and issued a $150.00 target price on shares of Union Pacific in a research report on Wednesday. Argus lifted their target price on shares of Union Pacific from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. BMO Capital Markets reaffirmed a “buy” rating on shares of Union Pacific in a research report on Friday, October 20th. Morgan Stanley downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $102.00 to $100.00 in a research report on Monday, October 2nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $124.00 target price on shares of Union Pacific in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. Union Pacific currently has a consensus rating of “Hold” and an average price target of $120.00.
Shares of Union Pacific Co. (UNP) traded down $1.14 during trading on Friday, hitting $129.17. 4,570,300 shares of the stock traded hands, compared to its average volume of 3,610,271. The stock has a market cap of $102,575.96, a PE ratio of 23.02, a PEG ratio of 2.11 and a beta of 0.90. Union Pacific Co. has a 1-year low of $101.06 and a 1-year high of $132.39. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 0.83.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.01. The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.36 EPS. equities research analysts expect that Union Pacific Co. will post 5.78 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio (DPR) is currently 47.00%.
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Union Pacific Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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