Moloney Securities Asset Management LLC Grows Position in Union Pacific Co. (UNP)
Moloney Securities Asset Management LLC lifted its holdings in Union Pacific Co. (NYSE:UNP) by 18.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,147 shares of the railroad operator’s stock after acquiring an additional 790 shares during the period. Moloney Securities Asset Management LLC’s holdings in Union Pacific were worth $597,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Union Pacific by 1.9% during the second quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock worth $6,698,588,000 after buying an additional 1,146,109 shares in the last quarter. BlackRock Inc. grew its stake in Union Pacific by 0.3% during the second quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock worth $5,528,796,000 after buying an additional 141,521 shares in the last quarter. FMR LLC grew its stake in Union Pacific by 84.6% during the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after buying an additional 4,399,980 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Union Pacific by 0.6% during 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 buying an additional 46,298 shares in the last quarter. Finally, Capital World Investors grew its stake in Union Pacific by 0.7% during the second quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock worth $798,093,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.
Shares of Union Pacific Co. (NYSE UNP) traded up $1.43 during midday trading on Friday, reaching $130.60. 8,770,000 shares of the company were exchanged, compared to its average volume of 4,000,000. The company has a market cap of $102,800.00, a price-to-earnings ratio of 23.07, a PEG ratio of 2.12 and a beta of 0.90. Union Pacific Co. has a 1-year low of $101.06 and a 1-year high of $132.39. 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 (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The business had revenue of $5.41 billion during 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 quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $1.36 EPS. 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. Investors of record on Thursday, November 30th will be issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio (DPR) is 47.08%.
A number of equities research analysts have issued reports on UNP shares. BMO Capital Markets reiterated a “buy” rating on shares of Union Pacific in a research note on Friday, October 20th. Argus raised 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. Zacks Investment Research upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Wednesday, November 1st. Barclays restated a “buy” rating and issued a $150.00 price target on shares of Union Pacific in a research note on Wednesday. Finally, Morgan Stanley downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $102.00 to $100.00 in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company. Union Pacific presently has a consensus rating of “Hold” and a consensus target price of $120.00.
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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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