Fayez Sarofim & Co. Raises Stake in Union Pacific Co. (UNP)
Fayez Sarofim & Co. increased its position in shares of Union Pacific Co. (NYSE:UNP) by 11.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,905,599 shares of the railroad operator’s stock after buying an additional 202,819 shares during the period. Fayez Sarofim & Co. owned about 0.24% of Union Pacific worth $207,539,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in UNP. Mark Sheptoff Financial Planning LLC increased its stake in shares of Union Pacific by 96.3% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock worth $108,000 after buying an additional 501 shares during the period. Proficio Capital Partners LLC increased its stake in Union Pacific by 36.3% in 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 last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Union Pacific by 46.6% in 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 last quarter. SRS Capital Advisors Inc. increased its stake in Union Pacific by 147.2% in 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 last quarter. Finally, Ullmann Financial Group Inc. purchased a new position in Union Pacific in the first quarter valued at approximately $122,000. Hedge funds and other institutional investors own 79.80% of the company’s stock.
Shares of Union Pacific Co. (UNP) traded down $1.83 during midday trading on Monday, hitting $116.42. The company had a trading volume of 1,332,954 shares, compared to its average volume of 3,500,394. 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 52-week low of $100.10 and a 52-week high of $119.71. The firm has a market capitalization of $93,082.73, a P/E ratio of 20.89, a PEG ratio of 1.92 and a beta of 0.87.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the company earned $1.36 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. research analysts expect that Union Pacific Co. will post 5.78 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued a dividend of $0.665 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 annualized dividend and a dividend yield of 2.28%. Union Pacific’s dividend payout ratio (DPR) is currently 42.76%.
Several equities analysts have commented on the stock. ValuEngine lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Goldman Sachs Group Inc assumed coverage on shares of Union Pacific in a research note on Monday, November 13th. They issued a “sell” rating and a $103.00 price target on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $124.00 price target on shares of Union Pacific in a research note on Thursday, November 9th. Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Argus increased their price target on shares of Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Four 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. Union Pacific presently has an average rating of “Hold” and a consensus target price of $117.59.
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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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