Voya Investment Management LLC lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 88.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,060,423 shares of the railroad operator’s stock after buying an additional 1,908,175 shares during the quarter. Union Pacific makes up approximately 1.0% of Voya Investment Management LLC’s investment portfolio, making the stock its 9th largest position. Voya Investment Management LLC owned approximately 0.51% of Union Pacific worth $442,221,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Gainplan LLC raised its stake in Union Pacific by 0.6% in the 2nd quarter. Gainplan LLC now owns 2,230 shares of the railroad operator’s stock valued at $243,000 after purchasing an additional 13 shares during the last quarter. Advisors Management Group Inc. ADV raised its stake in Union Pacific by 0.5% in the 2nd quarter. Advisors Management Group Inc. ADV now owns 3,330 shares of the railroad operator’s stock valued at $363,000 after purchasing an additional 17 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake 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 valued at $716,000 after purchasing an additional 20 shares during the last quarter. Janney Capital Management LLC raised its stake 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 valued at $235,000 after purchasing an additional 24 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its stake in Union Pacific by 1.2% in the 1st quarter. Tortoise Investment Management LLC now owns 2,540 shares of the railroad operator’s stock valued at $269,000 after purchasing an additional 30 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on UNP. BMO Capital Markets restated a “buy” rating and issued a $123.00 target price on shares of Union Pacific in a report on Friday, August 11th. BidaskClub upgraded Union Pacific from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Stifel Nicolaus upped their target price on Union Pacific from $118.00 to $120.00 and gave the company a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada restated a “hold” rating and issued a $115.00 target price on shares of Union Pacific in a report on Friday, August 25th. Finally, Robert W. Baird restated a “hold” rating and issued a $116.00 target price on shares of Union Pacific in a report on Sunday, September 17th. 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’s stock. Union Pacific presently has a consensus rating of “Hold” and a consensus price target of $118.53.
Union Pacific Co. (NYSE UNP) traded down $2.07 during midday trading on Wednesday, hitting $128.01. The stock had a trading volume of 4,953,100 shares, compared to its average volume of 3,578,673. The stock has a market cap of $102,394.91, a PE ratio of 22.98, a PEG ratio of 2.11 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83. Union Pacific Co. has a fifty-two week low of $101.06 and a fifty-two week high of $132.00.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS. 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 issued a dividend of $0.665 per share. 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. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.08%. Union Pacific’s dividend payout ratio is currently 47.00%.
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Union Pacific Company 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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