Highstreet Asset Management Inc. lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,440 shares of the railroad operator’s stock after acquiring an additional 1,563 shares during the quarter. Highstreet Asset Management Inc.’s holdings in Union Pacific were worth $3,378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in UNP. Private Ocean LLC purchased a new stake in Union Pacific in the fourth quarter worth $25,000. Gradient Investments LLC grew its stake in Union Pacific by 117.1% in the fourth quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock worth $33,000 after purchasing an additional 130 shares during the period. Tributary Capital Management LLC purchased a new stake in Union Pacific in the fourth quarter worth $42,000. Essex Investment Management Co. LLC purchased a new stake in Union Pacific in the fourth quarter worth $47,000. Finally, Howe & Rusling Inc. grew its stake in Union Pacific by 25.4% in the fourth quarter. Howe & Rusling Inc. now owns 346 shares of the railroad operator’s stock worth $48,000 after purchasing an additional 70 shares during the period. Institutional investors own 78.71% of the company’s stock.

Several equities research analysts recently weighed in on UNP shares. Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. Deutsche Bank raised Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research note on Tuesday, November 27th. Credit Suisse Group reduced their price target on Union Pacific from $190.00 to $166.00 and set an “outperform” rating on the stock in a research note on Monday, January 7th. Scotiabank raised Union Pacific from a “sector perform” rating to an “outperform” rating and reduced their price target for the stock from $175.00 to $165.00 in a research note on Monday, January 7th. Finally, Royal Bank of Canada raised Union Pacific from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $169.39.

NYSE UNP opened at $165.00 on Friday. Union Pacific Co. has a 12 month low of $126.37 and a 12 month high of $172.44. The firm has a market capitalization of $119.15 billion, a PE ratio of 20.86, a P/E/G ratio of 1.70 and a beta of 1.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.90.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, January 24th. The railroad operator reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.06. The firm had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.73 billion. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 earnings per share. As a group, equities analysts anticipate that Union Pacific Co. will post 9.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be issued a dividend of $0.88 per share. This is an increase from Union Pacific’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Wednesday, February 27th. Union Pacific’s dividend payout ratio is presently 44.50%.

Union Pacific declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 7th that allows the company to buyback 150,000,000 outstanding shares. This buyback authorization allows the railroad operator to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

Further Reading: What is the Book Value of a Share?

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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