Bp Plc trimmed its stake in shares of Union Pacific Co. (NYSE:UNP) by 24.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 122,000 shares of the railroad operator’s stock after selling 40,000 shares during the quarter. Bp Plc’s holdings in Union Pacific were worth $16,859,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its position in shares of Union Pacific by 18,524.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,738,808 shares of the railroad operator’s stock worth $237,000 after buying an additional 32,563,028 shares during the last quarter. Morgan Stanley lifted its position in shares of Union Pacific by 5.7% during the 3rd quarter. Morgan Stanley now owns 15,894,983 shares of the railroad operator’s stock worth $2,588,181,000 after buying an additional 859,164 shares during the last quarter. FMR LLC lifted its position in shares of Union Pacific by 17.3% during the 3rd quarter. FMR LLC now owns 14,457,068 shares of the railroad operator’s stock worth $2,354,044,000 after buying an additional 2,136,860 shares during the last quarter. Capital World Investors lifted its position in shares of Union Pacific by 11.8% during the 3rd quarter. Capital World Investors now owns 10,469,634 shares of the railroad operator’s stock worth $1,704,771,000 after buying an additional 1,107,379 shares during the last quarter. Finally, Matthew Goff Investment Advisor LLC lifted its position in shares of Union Pacific by 14,067.9% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 5,083,714 shares of the railroad operator’s stock worth $35,882,000 after buying an additional 5,047,832 shares during the last quarter. Hedge funds and other institutional investors own 80.67% of the company’s stock.
Union Pacific stock opened at $167.70 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $122.93 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.76 and a beta of 1.10. Union Pacific Co. has a 12 month low of $125.31 and a 12 month high of $172.44.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, January 24th. The railroad operator reported $2.12 EPS for the quarter, beating the consensus estimate of $2.06 by $0.06. The firm had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.73 billion. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $1.53 earnings per share. On average, research analysts anticipate that Union Pacific Co. will post 9.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 28th will be given a $0.88 dividend. The ex-dividend date is Wednesday, February 27th. This is an increase from Union Pacific’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a yield of 2.10%. Union Pacific’s dividend payout ratio (DPR) is currently 40.46%.
Union Pacific declared that its board has approved a stock repurchase plan on Thursday, February 7th that permits the company to repurchase 150,000,000 shares. This repurchase authorization permits the railroad operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
Several analysts recently weighed in on the company. Deutsche Bank upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Tuesday, November 27th. Scotiabank upgraded Union Pacific from a “sector perform” rating to an “outperform” rating and dropped their price objective for the stock from $175.00 to $165.00 in a research report on Monday, January 7th. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Tuesday, November 20th. Seaport Global Securities upgraded Union Pacific from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Tuesday, January 8th. Finally, Loop Capital upped their price objective on Union Pacific from $188.00 to $193.00 and gave the stock a “positive” rating in a research report on Thursday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Union Pacific currently has an average rating of “Buy” and a consensus target price of $169.39.
About Union Pacific
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; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
See Also: SEC Filing
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