Assetmark Inc. trimmed its holdings in shares of Union Pacific Co. (NYSE:UNP) by 10.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,845 shares of the railroad operator’s stock after selling 443 shares during the period. Assetmark Inc.’s holdings in Union Pacific were worth $446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Trust Co increased its position in shares of Union Pacific by 191.2% during the first quarter. Trust Co now owns 8,948 shares of the railroad operator’s stock worth $948,000 after purchasing an additional 5,875 shares in the last quarter. Beacon Financial Group increased its position in shares of Union Pacific by 8.0% during the second quarter. Beacon Financial Group now owns 16,804 shares of the railroad operator’s stock worth $1,813,000 after purchasing an additional 1,239 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Union Pacific during the second quarter worth about $664,000. Factory Mutual Insurance Co. increased its position in shares of Union Pacific by 2.2% during the second quarter. Factory Mutual Insurance Co. now owns 926,879 shares of the railroad operator’s stock worth $100,946,000 after purchasing an additional 20,000 shares in the last quarter. Finally, BKD Wealth Advisors LLC increased its position in shares of Union Pacific by 6.6% during the second quarter. BKD Wealth Advisors LLC now owns 4,410 shares of the railroad operator’s stock worth $480,000 after purchasing an additional 273 shares in the last quarter. 78.45% of the stock is owned by institutional investors.
UNP has been the topic of a number of research analyst reports. Barclays reiterated a “buy” rating and set a $150.00 target price on shares of Union Pacific in a research report on Wednesday, December 13th. Argus lifted their target price on Union Pacific from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Scotiabank set a $150.00 target price on Union Pacific and gave the stock a “hold” rating in a research report on Thursday. BMO Capital Markets reiterated a “buy” rating on shares of Union Pacific in a research report on Friday, October 20th. Finally, Morgan Stanley cut 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. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Union Pacific presently has an average rating of “Hold” and a consensus price target of $122.65.
Union Pacific Co. (UNP) opened at $141.17 on Monday. The stock has a market capitalization of $111,120.00, a PE ratio of 24.99, a P/E/G ratio of 1.97 and a beta of 0.90. Union Pacific Co. has a 52-week low of $101.06 and a 52-week high of $141.81. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 0.97.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.01. The firm had revenue of $5.41 billion for 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 firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS. equities analysts expect that Union Pacific Co. will post 5.79 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were given a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.88%. The ex-dividend date was Wednesday, November 29th. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s payout ratio is 47.08%.
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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