Notis McConarty Edward Purchases 3,200 Shares of Union Pacific Co. (UNP)
Notis McConarty Edward lifted its position in Union Pacific Co. (NYSE:UNP) by 45.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,250 shares of the railroad operator’s stock after acquiring an additional 3,200 shares during the quarter. Notis McConarty Edward’s holdings in Union Pacific were worth $1,375,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Union Pacific by 84.6% in the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after purchasing an additional 4,399,980 shares during the last quarter. Janus Henderson Group PLC grew its stake in Union Pacific by 990.5% in the second quarter. Janus Henderson Group PLC now owns 2,243,574 shares of the railroad operator’s stock valued at $244,339,000 after purchasing an additional 2,037,834 shares during the last quarter. Voya Investment Management LLC grew its stake in Union Pacific by 88.7% in the second quarter. Voya Investment Management LLC now owns 4,060,423 shares of the railroad operator’s stock valued at $442,221,000 after purchasing an additional 1,908,175 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Union Pacific by 59.3% in the second quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock valued at $519,785,000 after purchasing an additional 1,776,644 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Union Pacific by 88.5% in the third quarter. Canada Pension Plan Investment Board now owns 3,558,005 shares of the railroad operator’s stock valued at $412,622,000 after purchasing an additional 1,670,095 shares during the last quarter. Hedge funds and other institutional investors own 78.41% of the company’s stock.
Several equities analysts have issued reports on the company. Cowen reiterated a “market perform” rating and issued a $139.00 target price (down previously from $140.00) on shares of Union Pacific in a research note on Wednesday. Argus lifted their target price on Union Pacific from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Daiwa Capital Markets upgraded Union Pacific from a “hold” rating to an “outperform” rating in a research note on Thursday, January 11th. Robert W. Baird reiterated a “hold” rating on shares of Union Pacific in a research note on Friday, January 26th. Finally, Scotiabank reiterated a “hold” rating and issued a $148.00 target price on shares of Union Pacific in a research note on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $131.50.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. Union Pacific’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. research analysts forecast that Union Pacific Co. will post 7.5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be given a $0.73 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.92 dividend on an annualized basis and a yield of 2.27%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s dividend payout ratio is currently 48.91%.
About Union Pacific
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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