Union Pacific Co. (UNP) Holdings Cut by Optimum Investment Advisors
Optimum Investment Advisors lowered its holdings in shares of Union Pacific Co. (NYSE:UNP) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,008 shares of the railroad operator’s stock after selling 160 shares during the quarter. Union Pacific makes up 0.9% of Optimum Investment Advisors’ holdings, making the stock its 26th largest position. Optimum Investment Advisors’ holdings in Union Pacific were worth $2,506,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC boosted its position in Union Pacific by 36.3% during the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock worth $111,000 after purchasing an additional 274 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of Union Pacific by 46.6% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock valued at $117,000 after acquiring an additional 340 shares during the last quarter. Ullmann Financial Group Inc. acquired a new position in shares of Union Pacific during the first quarter valued at approximately $122,000. SRS Capital Advisors Inc. raised its holdings in shares of Union Pacific by 147.2% during the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after acquiring an additional 686 shares during the last quarter. Finally, Delta Asset Management LLC TN raised its holdings in shares of Union Pacific by 6.8% during the second quarter. Delta Asset Management LLC TN now owns 1,183 shares of the railroad operator’s stock valued at $129,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.
Union Pacific Co. (NYSE:UNP) traded up $0.65 during trading hours on Friday, hitting $129.11. The company had a trading volume of 3,575,771 shares, compared to its average volume of 3,810,760. Union Pacific Co. has a 12-month low of $101.06 and a 12-month high of $132.00. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.97 and a current ratio of 1.16. The firm has a market capitalization of $101,631.39, a PE ratio of 22.81, a PEG ratio of 2.09 and a beta of 0.90.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, beating the consensus estimate of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. sell-side analysts forecast that Union Pacific Co. will post 5.78 EPS for the current year.
The business also recently declared 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 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Wednesday, November 29th. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio (DPR) is currently 47.00%.
A number of equities analysts have commented on UNP shares. BidaskClub raised Union Pacific from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Stifel Nicolaus increased their target price on Union Pacific from $118.00 to $120.00 and gave the company a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada reissued a “hold” rating and set a $115.00 target price on shares of Union Pacific in a report on Friday, August 25th. BMO Capital Markets reissued a “buy” rating and set a $123.00 target price on shares of Union Pacific in a report on Friday, September 15th. Finally, Robert W. Baird reissued a “hold” rating and set a $116.00 target price on shares of Union Pacific in a report on Sunday, September 17th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $118.53.
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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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