Markston International LLC Has $19.45 Million Position in Union Pacific Co. (UNP)
Markston International LLC decreased its holdings in Union Pacific Co. (NYSE:UNP) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,028 shares of the railroad operator’s stock after selling 10,554 shares during the quarter. Union Pacific makes up 2.0% of Markston International LLC’s investment portfolio, making the stock its 10th biggest holding. Markston International LLC’s holdings in Union Pacific were worth $19,448,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Union Pacific by 1.9% in the second quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock worth $6,698,588,000 after purchasing an additional 1,146,109 shares during the last quarter. BlackRock Inc. grew its stake in shares of Union Pacific by 0.3% in the second quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock worth $5,528,796,000 after purchasing an additional 141,521 shares during the last quarter. FMR LLC grew its stake in shares of Union Pacific by 84.6% in the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after purchasing an additional 4,399,980 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Union Pacific by 0.6% in the second quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock worth $865,659,000 after purchasing an additional 46,298 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of Union Pacific by 0.7% in the second quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock worth $798,093,000 after purchasing an additional 50,000 shares during the last quarter. 78.41% of the stock is currently owned by institutional investors.
Union Pacific Co. (NYSE:UNP) opened at $130.23 on Wednesday. The stock has a market cap of $101,490.00, a PE ratio of 21.81, a PEG ratio of 1.68 and a beta of 0.84. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.65. Union Pacific Co. has a 1 year low of $101.06 and a 1 year high of $143.05.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Tuesday, February 27th. This is a boost from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s dividend payout ratio is 44.56%.
Several analysts recently weighed in on UNP shares. Barclays reissued a “buy” rating and issued a $150.00 price objective on shares of Union Pacific in a research note on Wednesday, December 13th. Argus upped their price target on shares of Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Scotiabank set a $150.00 price target on shares of Union Pacific and gave the company a “hold” rating in a research report on Thursday, January 11th. Morgan Stanley upped their price target on shares of Union Pacific from $105.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $124.00 price target on shares of Union Pacific in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $130.40.
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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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