Aldebaran Financial Inc. Has $1.60 Million Holdings in Union Pacific Co. (UNP)
Aldebaran Financial Inc. cut its stake in Union Pacific Co. (NYSE:UNP) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,726 shares of the railroad operator’s stock after selling 50 shares during the period. Aldebaran Financial Inc.’s holdings in Union Pacific were worth $1,604,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in UNP. Vanguard Group Inc. increased its stake in shares of Union Pacific by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock valued at $6,698,588,000 after purchasing an additional 1,146,109 shares during the last quarter. BlackRock Inc. increased its stake in shares of Union Pacific by 0.3% in the 2nd quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock valued at $5,528,796,000 after purchasing an additional 141,521 shares during the last quarter. FMR LLC increased its stake in shares of Union Pacific by 84.6% in the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after purchasing an additional 4,399,980 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Union Pacific by 0.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock valued at $865,659,000 after purchasing an additional 46,298 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of Union Pacific by 0.7% in the 2nd quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock valued at $798,093,000 after purchasing an additional 50,000 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on UNP. Barclays reiterated a “buy” rating and issued a $150.00 price target on shares of Union Pacific in a research note on Wednesday. BidaskClub upgraded Union Pacific from a “strong sell” rating to a “sell” rating in a research report on Friday, August 18th. Royal Bank of Canada restated a “hold” rating and set a $115.00 price objective on shares of Union Pacific in a research report on Friday, August 25th. J P Morgan Chase & Co boosted their price objective on Union Pacific from $106.00 to $113.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Finally, Stifel Nicolaus boosted their price objective on Union Pacific from $118.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $120.00.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the previous year, the company posted $1.36 EPS. The business’s revenue was up 4.5% on a year-over-year basis. analysts forecast that Union Pacific Co. will post 5.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Wednesday, November 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s payout ratio is 47.00%.
Union Pacific Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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