Cohen Klingenstein LLC decreased its position in Union Pacific Co. (NYSE:UNP – Free Report) by 40.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 123,998 shares of the railroad operator’s stock after selling 83,000 shares during the period. Union Pacific comprises about 1.0% of Cohen Klingenstein LLC’s investment portfolio, making the stock its 19th biggest holding. Cohen Klingenstein LLC’s holdings in Union Pacific were worth $28,277,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Marshall Wace LLP raised its holdings in shares of Union Pacific by 272.3% during the second quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock worth $379,689,000 after acquiring an additional 1,227,318 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Union Pacific by 19,878.6% during the 3rd quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock valued at $220,856,000 after buying an additional 891,555 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Union Pacific by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock valued at $1,795,993,000 after buying an additional 625,492 shares in the last quarter. Impax Asset Management Group plc increased its holdings in Union Pacific by 2,025.4% in the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock worth $134,636,000 after buying an additional 520,536 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Union Pacific by 170.9% during the third quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock valued at $181,470,000 after acquiring an additional 464,477 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on UNP shares. Barclays increased their price objective on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Royal Bank of Canada cut their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Bank of America lowered their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Evercore ISI lowered Union Pacific from an “outperform” rating to an “inline” rating and cut their target price for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.35.
Union Pacific Trading Down 0.4 %
UNP stock opened at $233.99 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The company has a fifty day moving average price of $233.98 and a two-hundred day moving average price of $238.79. The stock has a market cap of $141.86 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.02 and a beta of 1.06.
Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same period in the prior year, the firm earned $2.51 earnings per share. Union Pacific’s revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that Union Pacific Co. will post 10.95 EPS for the current year.
Union Pacific Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Monday, December 9th. Union Pacific’s dividend payout ratio is presently 49.22%.
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, 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.
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