Donaldson Capital Management LLC cut its position in shares of Union Pacific Co. (NYSE:UNP) by 18.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,744 shares of the railroad operator’s stock after selling 641 shares during the period. Donaldson Capital Management LLC’s holdings in Union Pacific were worth $379,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in UNP. Oregon Public Employees Retirement Fund boosted its stake in Union Pacific by 18,524.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 32,738,808 shares of the railroad operator’s stock valued at $237,000 after buying an additional 32,563,028 shares during the last quarter. Matthew Goff Investment Advisor LLC boosted its stake in Union Pacific by 14,067.9% during the third quarter. Matthew Goff Investment Advisor LLC now owns 5,083,714 shares of the railroad operator’s stock valued at $35,882,000 after buying an additional 5,047,832 shares during the last quarter. Capital International Investors boosted its stake in Union Pacific by 1,302.7% during the third quarter. Capital International Investors now owns 4,801,143 shares of the railroad operator’s stock valued at $781,770,000 after buying an additional 4,458,858 shares during the last quarter. Jennison Associates LLC boosted its stake in Union Pacific by 450.0% during the fourth quarter. Jennison Associates LLC now owns 5,134,698 shares of the railroad operator’s stock valued at $709,769,000 after buying an additional 4,201,086 shares during the last quarter. Finally, FMR LLC boosted its stake in Union Pacific by 17.3% during the third quarter. FMR LLC now owns 14,457,068 shares of the railroad operator’s stock valued at $2,354,044,000 after buying an additional 2,136,860 shares during the last quarter. 78.71% of the stock is owned by institutional investors.
Shares of NYSE UNP opened at $165.17 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. Union Pacific Co. has a fifty-two week low of $126.37 and a fifty-two week high of $172.44. The company has a market capitalization of $119.15 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 1.70 and a beta of 1.11.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 24th. The railroad operator reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.06. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. The firm had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same period in the prior year, the business posted $1.53 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Union Pacific Co. will post 9.07 earnings per share for the current year.
Union Pacific announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 7th that allows the company to repurchase 150,000,000 outstanding shares. This repurchase authorization allows the railroad operator to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.13%. This is an increase from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, February 27th. Union Pacific’s dividend payout ratio is presently 44.50%.
Several equities research analysts have recently issued reports on the company. ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday. TD Securities raised their price objective on Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, January 25th. Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research note on Thursday, January 24th. Argus raised their price objective on Union Pacific to $175.00 and gave the company a “positive” rating in a research note on Friday, January 25th. Finally, Loop Capital raised their price objective on Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a research note on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $169.39.
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Union Pacific Company Profile
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.
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