Mission Creek Capital Partners Inc. lessened its stake in Union Pacific Co. (NYSE:UNP – Get Rating) by 3.0% in the first quarter, Holdings Channel reports. The fund owned 4,080 shares of the railroad operator’s stock after selling 126 shares during the quarter. Mission Creek Capital Partners Inc.’s holdings in Union Pacific were worth $1,115,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in UNP. Qube Research & Technologies Ltd boosted its stake in shares of Union Pacific by 134.2% during the 4th quarter. Qube Research & Technologies Ltd now owns 62,421 shares of the railroad operator’s stock valued at $15,726,000 after buying an additional 35,764 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Union Pacific by 16.4% during the 4th quarter. Acadian Asset Management LLC now owns 15,452 shares of the railroad operator’s stock valued at $3,889,000 after buying an additional 2,180 shares during the last quarter. WealthShield Partners LLC boosted its stake in shares of Union Pacific by 67.0% during the 4th quarter. WealthShield Partners LLC now owns 5,176 shares of the railroad operator’s stock valued at $1,304,000 after buying an additional 2,077 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $72,000. Finally, CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $663,000. 77.89% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on UNP shares. Citigroup cut Union Pacific from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $287.00 to $235.00 in a research note on Thursday, May 19th. Daiwa Capital Markets cut Union Pacific from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $235.00 to $242.00 in a research note on Friday, August 26th. They noted that the move was a valuation call. Cowen reduced their price objective on Union Pacific to $261.00 in a research note on Friday, July 22nd. Evercore ISI reduced their price objective on Union Pacific from $245.00 to $236.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 12th. Finally, StockNews.com upgraded Union Pacific from a “hold” rating to a “buy” rating in a research note on Monday. Twelve investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $248.09.
Union Pacific Price Performance
Union Pacific (NYSE:UNP – Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The railroad operator reported $2.93 EPS for the quarter, meeting analysts’ consensus estimates of $2.93. The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a return on equity of 52.00% and a net margin of 29.23%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $2.72 earnings per share. Equities analysts anticipate that Union Pacific Co. will post 11.55 EPS for the current year.
Union Pacific Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, August 30th. Union Pacific’s dividend payout ratio (DPR) is 48.46%.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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