Pensionfund Sabic Makes New Investment in Union Pacific Corporation $UNP

Pensionfund Sabic acquired a new stake in Union Pacific Corporation (NYSE:UNP) in the fourth quarter, Holdings Channel reports. The fund acquired 8,400 shares of the railroad operator’s stock, valued at approximately $1,943,000.

Several other hedge funds also recently made changes to their positions in UNP. Union Bancaire Privee UBP SA grew its holdings in shares of Union Pacific by 9.8% during the third quarter. Union Bancaire Privee UBP SA now owns 52,849 shares of the railroad operator’s stock worth $12,492,000 after purchasing an additional 4,707 shares during the last quarter. Midwest Trust Co raised its holdings in Union Pacific by 2.8% in the 3rd quarter. Midwest Trust Co now owns 281,036 shares of the railroad operator’s stock valued at $66,428,000 after buying an additional 7,759 shares during the last quarter. CX Institutional boosted its position in Union Pacific by 39.8% during the 3rd quarter. CX Institutional now owns 65,826 shares of the railroad operator’s stock worth $15,559,000 after buying an additional 18,742 shares during the period. Thrivent Financial for Lutherans boosted its position in Union Pacific by 15.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 135,188 shares of the railroad operator’s stock worth $31,955,000 after buying an additional 17,696 shares during the period. Finally, AustralianSuper Pty Ltd bought a new stake in Union Pacific during the 3rd quarter worth approximately $802,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Price Performance

Shares of NYSE UNP opened at $239.69 on Wednesday. The firm has a market capitalization of $142.23 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.60 and a beta of 0.95. The firm’s 50-day moving average price is $247.70 and its 200-day moving average price is $234.69. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $268.14.

Union Pacific (NYSE:UNP) last issued its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same period in the previous year, the firm earned $2.91 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 27th. Union Pacific’s dividend payout ratio (DPR) is 46.12%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UNP. TD Cowen decreased their price target on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Weiss Ratings raised shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. decreased their price objective on Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Robert W. Baird set a $311.00 target price on Union Pacific and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, Royal Bank Of Canada set a $280.00 target price on Union Pacific in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.86.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.