Wealthsource Partners LLC Has $338,000 Stake in Union Pacific Co. (UNP)
Wealthsource Partners LLC increased its position in Union Pacific Co. (NYSE:UNP) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,107 shares of the railroad operator’s stock after buying an additional 241 shares during the period. Wealthsource Partners LLC’s holdings in Union Pacific were worth $338,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp increased its position in Union Pacific by 15.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock worth $109,803,000 after purchasing an additional 134,950 shares during the last quarter. Community Bank N.A. increased its position in Union Pacific by 3.0% during the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after purchasing an additional 45 shares during the last quarter. Northeast Investment Management increased its position in Union Pacific by 2.8% during the second quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock worth $30,305,000 after purchasing an additional 7,663 shares during the last quarter. Barings LLC increased its position in Union Pacific by 357.1% during the first quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock worth $5,104,000 after purchasing an additional 37,643 shares during the last quarter. Finally, Greystone Managed Investments Inc. increased its position in Union Pacific by 8.9% during the second quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock worth $9,161,000 after purchasing an additional 6,890 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.
UNP has been the subject of several research analyst reports. BidaskClub raised shares of Union Pacific from a “strong sell” rating to a “sell” rating in a research report on Friday, August 18th. Stifel Nicolaus upped their price target on shares of Union Pacific from $118.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Royal Bank of Canada reaffirmed a “hold” rating and set a $115.00 price target on shares of Union Pacific in a research report on Friday, August 25th. BMO Capital Markets reaffirmed a “buy” rating and set a $123.00 price target on shares of Union Pacific in a research report on Friday, September 15th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $116.00 price target on shares of Union Pacific in a research report on Sunday, September 17th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $120.00.
Union Pacific Co. (NYSE:UNP) traded up $1.65 during trading on Wednesday, hitting $130.70. 5,334,000 shares of the stock traded hands, compared to its average volume of 3,597,527. Union Pacific Co. has a 52 week low of $101.06 and a 52 week high of $132.00. The firm has a market capitalization of $101,308.62, a price-to-earnings ratio of 22.74, a P/E/G ratio of 2.09 and a beta of 0.90. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 0.83.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.01. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The company had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. sell-side analysts forecast that Union Pacific Co. will post 5.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a $0.665 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.66 annualized dividend and a dividend yield of 2.04%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio is presently 47.00%.
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Union Pacific Company 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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