Great Lakes Advisors LLC Buys 7,257 Shares of Union Pacific Co. (UNP)
Great Lakes Advisors LLC raised its stake in Union Pacific Co. (NYSE:UNP) by 71.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 17,416 shares of the railroad operator’s stock after purchasing an additional 7,257 shares during the quarter. Great Lakes Advisors LLC’s holdings in Union Pacific were worth $2,836,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Commonwealth Bank of Australia increased its stake in shares of Union Pacific by 9.2% during the second quarter. Commonwealth Bank of Australia now owns 77,962 shares of the railroad operator’s stock valued at $10,842,000 after buying an additional 6,562 shares during the period. Baldwin Brothers Inc. MA increased its stake in shares of Union Pacific by 4.5% during the third quarter. Baldwin Brothers Inc. MA now owns 76,173 shares of the railroad operator’s stock valued at $12,403,000 after buying an additional 3,251 shares during the period. Parkside Investments LLC purchased a new position in shares of Union Pacific during the third quarter valued at approximately $185,000. Morgan Stanley increased its stake in shares of Union Pacific by 2.8% during the second quarter. Morgan Stanley now owns 15,035,819 shares of the railroad operator’s stock valued at $2,130,275,000 after buying an additional 413,967 shares during the period. Finally, Putnam Investments LLC grew its stake in Union Pacific by 44.9% in the second quarter. Putnam Investments LLC now owns 2,554,019 shares of the railroad operator’s stock worth $361,853,000 after purchasing an additional 791,990 shares during the period. Hedge funds and other institutional investors own 79.42% of the company’s stock.
Union Pacific stock opened at $153.03 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.89 and a current ratio of 1.06. Union Pacific Co. has a 12 month low of $121.22 and a 12 month high of $165.63. The firm has a market capitalization of $112.75 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 1.83 and a beta of 0.94.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.09%. The ex-dividend date is Thursday, November 29th. Union Pacific’s dividend payout ratio (DPR) is 55.27%.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 20,000 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the sale, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at $17,448,713.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.
Several equities research analysts recently weighed in on the company. Deutsche Bank raised Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research note on Tuesday, November 27th. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research note on Tuesday, November 20th. Scotiabank set a $175.00 price target on Union Pacific and gave the stock a “buy” rating in a research note on Friday, October 26th. Credit Suisse Group upped their price target on Union Pacific from $187.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. Finally, Cowen upped their price target on Union Pacific from $151.00 to $153.00 and gave the stock a “market perform” rating in a research note on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $165.24.
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Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
Further Reading: Leveraged Buyout (LBO) Explained
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