IFM Investors Pty Ltd Raises Position in Union Pacific Co. (NYSE:UNP)
IFM Investors Pty Ltd raised its position in Union Pacific Co. (NYSE:UNP) by 16.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,315 shares of the railroad operator’s stock after buying an additional 9,100 shares during the period. IFM Investors Pty Ltd’s holdings in Union Pacific were worth $13,600,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Shulman DeMeo Asset Management LLC grew its holdings in shares of Union Pacific by 46.0% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,678 shares of the railroad operator’s stock worth $349,000 after buying an additional 529 shares in the last quarter. TFC Financial Management purchased a new stake in Union Pacific during the 3rd quarter valued at about $89,000. Ascension Asset Management LLC purchased a new stake in Union Pacific during the 3rd quarter valued at about $1,969,000. CFO4Life Group LLC raised its holdings in Union Pacific by 2.0% in the 4th quarter. CFO4Life Group LLC now owns 2,392 shares of the railroad operator’s stock valued at $498,000 after acquiring an additional 47 shares during the last quarter. Finally, Jacobs & Co. CA lifted its stake in Union Pacific by 6.8% in the 4th quarter. Jacobs & Co. CA now owns 60,019 shares of the railroad operator’s stock worth $12,497,000 after purchasing an additional 3,838 shares in the last quarter. Institutional investors own 78.16% of the company’s stock.
Several equities research analysts recently commented on UNP shares. Deutsche Bank Aktiengesellschaft increased their price target on Union Pacific from $220.00 to $239.00 and gave the company a “buy” rating in a report on Monday, November 30th. BMO Capital Markets raised their target price on Union Pacific from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday. Raymond James lowered their price target on shares of Union Pacific from $227.00 to $220.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 23rd. Benchmark upped their price objective on shares of Union Pacific from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on shares of Union Pacific from $215.00 to $250.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $199.38.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 22nd. The railroad operator reported $2.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.05). Union Pacific had a return on equity of 32.45% and a net margin of 27.54%. The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.97 billion. During the same period last year, the firm earned $2.22 earnings per share. The firm’s quarterly revenue was down 10.8% on a year-over-year basis. On average, sell-side analysts forecast that Union Pacific Co. will post 7.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 30th. Investors of record on Monday, November 30th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Friday, November 27th. Union Pacific’s dividend payout ratio (DPR) is 46.30%.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products to grain processors, animal feeders, ethanol producers, and other agricultural users; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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