Amica Pension Fund Board of Trustees Cuts Stake in Union Pacific Co. (UNP)
Amica Pension Fund Board of Trustees lessened its position in shares of Union Pacific Co. (NYSE:UNP) by 13.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,263 shares of the railroad operator’s stock after selling 4,939 shares during the quarter. Amica Pension Fund Board of Trustees’ holdings in Union Pacific were worth $3,626,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp lifted its stake in shares of Union Pacific by 15.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock valued at $109,803,000 after acquiring an additional 134,950 shares during the period. Community Bank N.A. lifted its stake in Union Pacific by 3.0% in the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock valued at $168,000 after buying an additional 45 shares during the period. Northeast Investment Management lifted its stake in Union Pacific by 2.8% in the second quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock valued at $30,305,000 after buying an additional 7,663 shares during the period. iAB Financial Bank lifted its stake in Union Pacific by 23.8% in the second quarter. iAB Financial Bank now owns 3,900 shares of the railroad operator’s stock valued at $425,000 after buying an additional 750 shares during the period. Finally, Clinton Group Inc. lifted its stake in Union Pacific by 82.0% in the second quarter. Clinton Group Inc. now owns 25,117 shares of the railroad operator’s stock valued at $2,735,000 after buying an additional 11,313 shares during the period. 78.47% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on Union Pacific from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 31st. Goldman Sachs Group assumed coverage on Union Pacific in a research note on Monday, November 13th. They issued a “sell” rating and a $103.00 target price on the stock. Wolfe Research raised Union Pacific from a “market perform” rating to an “outperform” rating in a research note on Friday, January 5th. Daiwa Capital Markets raised Union Pacific from a “hold” rating to an “outperform” rating in a research note on Thursday, January 11th. Finally, Citigroup lowered Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research note on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Union Pacific currently has an average rating of “Hold” and an average target price of $124.00.
Shares of Union Pacific Co. (NYSE:UNP) opened at $140.46 on Thursday. The company has a market capitalization of $110,570.00, a PE ratio of 24.86, a PEG ratio of 1.90 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83. Union Pacific Co. has a 1 year low of $101.06 and a 1 year high of $142.19.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.01. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. Union Pacific’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 earnings per share. research analysts forecast that Union Pacific Co. will post 5.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were given a dividend of $0.665 per share. The ex-dividend date was Wednesday, November 29th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.89%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio (DPR) is currently 47.08%.
About Union Pacific
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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