24,600 Shares in Union Pacific Corporation $UNP Acquired by Candelo Capital Management LP

Candelo Capital Management LP acquired a new stake in Union Pacific Corporation (NYSE:UNP) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 24,600 shares of the railroad operator’s stock, valued at approximately $5,815,000. Union Pacific accounts for about 5.0% of Candelo Capital Management LP’s portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA lifted its stake in shares of Union Pacific by 9.8% in the third quarter. Union Bancaire Privee UBP SA now owns 52,849 shares of the railroad operator’s stock worth $12,492,000 after buying an additional 4,707 shares in the last quarter. Midwest Trust Co boosted its position in Union Pacific by 2.8% during the third quarter. Midwest Trust Co now owns 281,036 shares of the railroad operator’s stock worth $66,428,000 after acquiring an additional 7,759 shares during the last quarter. CX Institutional grew its stake in Union Pacific by 39.8% during the 3rd quarter. CX Institutional now owns 65,826 shares of the railroad operator’s stock valued at $15,559,000 after acquiring an additional 18,742 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Union Pacific by 15.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 135,188 shares of the railroad operator’s stock valued at $31,955,000 after acquiring an additional 17,696 shares during the last quarter. Finally, AustralianSuper Pty Ltd acquired a new stake in Union Pacific in the 3rd quarter valued at about $802,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UNP. Citigroup restated a “buy” rating and set a $270.00 target price (up from $265.00) on shares of Union Pacific in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Union Pacific in a report on Thursday, December 11th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, January 27th. JPMorgan Chase & Co. lowered their price objective on Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Finally, TD Cowen dropped their target price on Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $263.77.

Union Pacific Stock Performance

Union Pacific stock opened at $242.22 on Friday. The firm has a 50 day simple moving average of $246.47 and a 200-day simple moving average of $233.81. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $268.14. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. The stock has a market cap of $143.73 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 2.65 and a beta of 0.95.

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

Union Pacific Dividend Announcement

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

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.