Hillsdale Investment Management Inc. Invests $941,000 in Union Pacific Corporation $UNP

Hillsdale Investment Management Inc. acquired a new position in Union Pacific Corporation (NYSE:UNP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,980 shares of the railroad operator’s stock, valued at approximately $941,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Howard Hughes Medical Institute bought a new stake in shares of Union Pacific during the 2nd quarter valued at about $30,000. Financial Gravity Companies Inc. purchased a new stake in Union Pacific in the second quarter valued at approximately $31,000. Total Investment Management Inc. purchased a new stake in Union Pacific in the second quarter valued at approximately $31,000. Access Investment Management LLC bought a new stake in Union Pacific during the second quarter valued at approximately $32,000. Finally, Sagard Holdings Management Inc. purchased a new position in Union Pacific in the 2nd quarter worth approximately $33,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Union Pacific stock opened at $263.82 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64. The firm has a market cap of $156.55 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.90 and a beta of 0.98. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $267.81. The firm has a 50-day moving average of $239.68 and a 200-day moving average of $230.38.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $2.91 EPS. Sell-side analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. Union Pacific’s dividend payout ratio (DPR) is presently 46.12%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank Of Canada set a $280.00 price objective on shares of Union Pacific in a research report on Thursday, December 18th. TD Cowen lowered their price target on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Union Pacific in a research note on Thursday, December 11th. The Goldman Sachs Group reiterated a “neutral” rating and set a $267.00 price objective on shares of Union Pacific in a research report on Tuesday, January 27th. Finally, Susquehanna restated a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.14.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.