Magellan Asset Management Ltd Takes Position in Union Pacific Corporation $UNP

Magellan Asset Management Ltd purchased a new stake in shares of Union Pacific Corporation (NYSE:UNP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 293,366 shares of the railroad operator’s stock, valued at approximately $69,343,000.

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

Union Pacific Trading Up 1.1%

Shares of NYSE:UNP opened at $266.59 on Wednesday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $267.81. The business has a 50 day moving average of $240.29 and a 200-day moving average of $230.69. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The stock has a market cap of $158.19 billion, a PE ratio of 22.27, a P/E/G ratio of 2.88 and a beta of 0.98.

Union Pacific (NYSE:UNP) last announced its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share 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 the consensus estimate of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.Union Pacific’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $2.91 EPS. As a group, equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. Union Pacific’s payout ratio is presently 46.12%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UNP. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. TD Cowen lowered their price target on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Barclays restated an “overweight” rating and issued a $285.00 price objective (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $267.00 price target on shares of Union Pacific in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.14.

Union Pacific 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.