Union Pacific Corporation $UNP Stake Reduced by Hodges Capital Management Inc.

Hodges Capital Management Inc. cut its stake in Union Pacific Corporation (NYSE:UNP) by 68.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,619 shares of the railroad operator’s stock after selling 5,810 shares during the period. Hodges Capital Management Inc.’s holdings in Union Pacific were worth $619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Howard Hughes Medical Institute acquired a new position in Union Pacific during the 2nd quarter valued at about $30,000. Financial Gravity Companies Inc. acquired a new stake in Union Pacific in the 2nd quarter valued at approximately $31,000. Total Investment Management Inc. acquired a new stake in Union Pacific in the 2nd quarter valued at approximately $31,000. Access Investment Management LLC acquired a new position in Union Pacific during the 2nd quarter worth $32,000. Finally, Sagard Holdings Management Inc. bought a new position in shares of Union Pacific in the second quarter worth $33,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

NYSE UNP opened at $264.67 on Thursday. The stock has a market capitalization of $157.05 billion, a P/E ratio of 22.11, a P/E/G ratio of 2.87 and a beta of 0.98. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. The business’s fifty day moving average is $238.15 and its two-hundred day moving average is $229.47. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $265.37.

Union Pacific (NYSE:UNP) last issued its 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). Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. During the same quarter in the previous year, the firm earned $2.91 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.1%. Union Pacific’s dividend payout ratio is currently 46.12%.

Analyst Ratings Changes

A number of brokerages recently weighed in on UNP. Barclays restated an “overweight” rating and set a $285.00 price objective (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. TD Cowen reduced their price target on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Citigroup reiterated a “buy” rating and set a $270.00 price objective (up previously from $265.00) on shares of Union Pacific in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a research report on Thursday, December 11th. Finally, Susquehanna reiterated a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $258.32.

Union Pacific Company Profile

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.