Zullo Investment Group Inc. increased its stake in shares of Union Pacific Co. (NYSE:UNP – Get Rating) by 2.7% in the first quarter, HoldingsChannel reports. The firm owned 1,686 shares of the railroad operator’s stock after buying an additional 45 shares during the period. Zullo Investment Group Inc.’s holdings in Union Pacific were worth $461,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in Union Pacific in the first quarter valued at about $25,000. Aspire Private Capital LLC raised its stake in Union Pacific by 92.3% in the first quarter. Aspire Private Capital LLC now owns 100 shares of the railroad operator’s stock valued at $27,000 after buying an additional 48 shares during the last quarter. Rational Advisors LLC raised its stake in Union Pacific by 127.7% in the fourth quarter. Rational Advisors LLC now owns 107 shares of the railroad operator’s stock valued at $27,000 after buying an additional 60 shares during the last quarter. Dravo Bay LLC purchased a new stake in Union Pacific in the first quarter valued at about $29,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Union Pacific in the fourth quarter valued at about $30,000. 77.89% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on UNP shares. Susquehanna cut Union Pacific from a “positive” rating to a “neutral” rating and set a $235.00 price target for the company. in a research note on Wednesday, July 6th. They noted that the move was a valuation call. Daiwa Capital Markets lowered Union Pacific from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $235.00 to $242.00 in a report on Friday, August 26th. They noted that the move was a valuation call. Susquehanna Bancshares increased their price objective on Union Pacific from $235.00 to $240.00 and gave the company a “neutral” rating in a report on Friday, July 22nd. Credit Suisse Group cut their price objective on Union Pacific to $252.00 in a report on Friday, July 22nd. Finally, StockNews.com raised Union Pacific from a “hold” rating to a “buy” rating in a report on Monday, September 5th. Twelve research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $248.09.
Union Pacific Stock Performance
Union Pacific (NYSE:UNP – Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.93. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a return on equity of 52.00% and a net margin of 29.23%. Union Pacific’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.72 earnings per share. Analysts expect that Union Pacific Co. will post 11.55 EPS for the current fiscal year.
Union Pacific Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be given a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 2.24%. Union Pacific’s dividend payout ratio (DPR) is presently 48.46%.
Union Pacific Company 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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