Union Pacific Co. (NYSE:UNP) Position Raised by IndexIQ Advisors LLC

IndexIQ Advisors LLC raised its stake in Union Pacific Co. (NYSE:UNP) by 4.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 11,519 shares of the railroad operator’s stock after buying an additional 526 shares during the quarter. IndexIQ Advisors LLC’s holdings in Union Pacific were worth $2,258,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its stake in Union Pacific by 5.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,495,885 shares of the railroad operator’s stock valued at $2,057,298,000 after buying an additional 529,029 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Union Pacific by 1.7% during the second quarter. Geode Capital Management LLC now owns 10,101,074 shares of the railroad operator’s stock valued at $2,215,213,000 after purchasing an additional 164,493 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Union Pacific by 12.2% during the second quarter. Nuveen Asset Management LLC now owns 8,611,500 shares of the railroad operator’s stock valued at $1,893,928,000 after purchasing an additional 937,191 shares in the last quarter. Capital International Investors raised its stake in shares of Union Pacific by 4.4% during the second quarter. Capital International Investors now owns 7,106,488 shares of the railroad operator’s stock valued at $1,562,899,000 after purchasing an additional 302,550 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Union Pacific by 0.4% during the third quarter. Deutsche Bank AG now owns 6,541,684 shares of the railroad operator’s stock valued at $1,282,234,000 after purchasing an additional 24,586 shares in the last quarter. Institutional investors own 76.76% of the company’s stock.

Union Pacific stock opened at $246.27 on Friday. Union Pacific Co. has a one year low of $193.14 and a one year high of $256.11. The stock’s fifty day moving average price is $245.06 and its two-hundred day moving average price is $228.12. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.62. The firm has a market cap of $158.32 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.20 and a beta of 1.20.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Wednesday, October 20th. The railroad operator reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.09. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.39 billion. Union Pacific had a return on equity of 41.68% and a net margin of 29.19%. Union Pacific’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.01 EPS. Sell-side analysts expect that Union Pacific Co. will post 9.9 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 30th. Investors of record on Monday, December 20th were given a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a yield of 1.92%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.07. The ex-dividend date was Friday, December 17th. Union Pacific’s payout ratio is presently 50.54%.

In other Union Pacific news, EVP Elizabeth F. Whited sold 2,510 shares of the stock in a transaction on Monday, December 6th. The stock was sold at an average price of $245.00, for a total transaction of $614,950.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jennifer L. Hamann sold 500 shares of the stock in a transaction on Monday, October 25th. The shares were sold at an average price of $238.00, for a total value of $119,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,510 shares of company stock valued at $2,535,525 over the last three months. Corporate insiders own 0.20% of the company’s stock.

A number of equities research analysts recently weighed in on UNP shares. Morgan Stanley lifted their price objective on shares of Union Pacific from $205.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, October 28th. Zacks Investment Research cut shares of Union Pacific from a “hold” rating to a “sell” rating and set a $213.00 price objective on the stock. in a research note on Monday, October 4th. Royal Bank of Canada lifted their target price on Union Pacific from $227.00 to $252.00 and gave the stock an “outperform” rating in a report on Friday, October 22nd. Raymond James lifted their target price on Union Pacific from $262.00 to $290.00 and gave the stock a “strong-buy” rating in a report on Friday, January 7th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $228.00 target price on shares of Union Pacific in a report on Friday, September 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of “Buy” and an average target price of $255.83.

About Union Pacific

Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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