HighPoint Advisor Group LLC Acquires New Stake in Union Pacific Co. (NYSE:UNP)

HighPoint Advisor Group LLC purchased a new stake in Union Pacific Co. (NYSE:UNPFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,047 shares of the railroad operator’s stock, valued at approximately $4,401,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNP. Desjardins Global Asset Management Inc. grew its holdings in Union Pacific by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 3,000 shares of the railroad operator’s stock worth $737,000 after acquiring an additional 41 shares during the period. Twin Capital Management Inc. grew its stake in shares of Union Pacific by 3.0% in the 4th quarter. Twin Capital Management Inc. now owns 1,394 shares of the railroad operator’s stock valued at $342,000 after buying an additional 41 shares during the period. Sunburst Financial Group LLC raised its stake in Union Pacific by 1.8% during the 4th quarter. Sunburst Financial Group LLC now owns 2,393 shares of the railroad operator’s stock worth $588,000 after buying an additional 42 shares during the period. Mission Wealth Management LP boosted its holdings in Union Pacific by 0.5% in the fourth quarter. Mission Wealth Management LP now owns 7,838 shares of the railroad operator’s stock worth $1,925,000 after acquiring an additional 42 shares in the last quarter. Finally, Berkeley Capital Partners LLC grew its stake in Union Pacific by 1.0% in the fourth quarter. Berkeley Capital Partners LLC now owns 4,100 shares of the railroad operator’s stock valued at $1,007,000 after acquiring an additional 42 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Loop Capital lowered Union Pacific from a “buy” rating to a “hold” rating and lowered their target price for the stock from $276.00 to $238.00 in a research report on Monday. Stifel Nicolaus raised Union Pacific from a “hold” rating to a “buy” rating and increased their price objective for the stock from $248.00 to $267.00 in a research note on Friday, May 3rd. Morgan Stanley lifted their target price on Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Evercore ISI increased their price target on Union Pacific from $271.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Jefferies Financial Group initiated coverage on shares of Union Pacific in a research report on Monday, April 8th. They set a “hold” rating and a $250.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.75.

Read Our Latest Research Report on UNP

Union Pacific Stock Performance

Shares of NYSE:UNP traded up $1.57 during midday trading on Tuesday, reaching $222.95. 187,568 shares of the company traded hands, compared to its average volume of 2,280,290. Union Pacific Co. has a 12 month low of $199.06 and a 12 month high of $258.66. The firm’s fifty day moving average price is $235.00 and its two-hundred day moving average price is $240.84. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $136.03 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05.

Union Pacific (NYSE:UNPGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.67 earnings per share. On average, equities analysts expect that Union Pacific Co. will post 11.25 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.33%. Union Pacific’s dividend payout ratio (DPR) is currently 49.62%.

Union Pacific Company Profile

(Free Report)

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, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

See Also

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

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