Beaton Management Co. Inc. Invests $1.25 Million in Union Pacific Co. (UNP)
Beaton Management Co. Inc. purchased a new position in shares of Union Pacific Co. (NYSE:UNP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,450 shares of the railroad operator’s stock, valued at approximately $1,247,000. Union Pacific accounts for approximately 1.2% of Beaton Management Co. Inc.’s holdings, making the stock its 24th biggest position.
Several other large investors have also modified their holdings of UNP. Pathstone Family Office LLC grew its holdings in Union Pacific by 41.3% during the second quarter. Pathstone Family Office LLC now owns 178 shares of the railroad operator’s stock valued at $2,304,000 after purchasing an additional 52 shares during the period. Proficio Capital Partners LLC grew its holdings in Union Pacific by 36.3% during the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock valued at $111,000 after purchasing an additional 274 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in Union Pacific by 46.6% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock valued at $117,000 after purchasing an additional 340 shares during the period. SRS Capital Advisors Inc. grew its holdings in Union Pacific by 147.2% during the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after purchasing an additional 686 shares during the period. Finally, Ullmann Financial Group Inc. acquired a new position in Union Pacific during the first quarter valued at approximately $122,000. Institutional investors own 78.63% of the company’s stock.
Shares of Union Pacific Co. (NYSE:UNP) traded down $0.39 during mid-day trading on Thursday, hitting $130.31. 5,696,100 shares of the stock were exchanged, compared to its average volume of 3,606,271. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.97 and a current ratio of 1.16. The company has a market capitalization of $102,580.00, a price-to-earnings ratio of 23.09, a PEG ratio of 2.12 and a beta of 0.90. Union Pacific Co. has a twelve month low of $101.06 and a twelve month high of $132.39.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data 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 business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.32 billion. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 earnings per share. equities analysts predict that Union Pacific Co. will post 5.78 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders 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 currently 47.08%.
A number of research analysts recently issued reports on UNP shares. Barclays restated a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a report on Wednesday. Argus boosted their price objective on shares of Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. BMO Capital Markets reaffirmed a “buy” rating on shares of Union Pacific in a research note on Friday, October 20th. Morgan Stanley lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $102.00 to $100.00 in a research note on Monday, October 2nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $124.00 price target on shares of Union Pacific in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $120.00.
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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