Renaissance Investment Group LLC Has $11.12 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Renaissance Investment Group LLC cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,765 shares of the railroad operator’s stock after selling 734 shares during the quarter. Union Pacific comprises 2.3% of Renaissance Investment Group LLC’s investment portfolio, making the stock its 18th largest holding. Renaissance Investment Group LLC’s holdings in Union Pacific were worth $11,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UNP. Strategic Investment Solutions Inc. IL bought a new stake in Union Pacific in the 2nd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Union Pacific during the third quarter valued at about $30,000. Fairscale Capital LLC bought a new stake in shares of Union Pacific in the second quarter valued at about $31,000. Jamison Private Wealth Management Inc. grew its position in Union Pacific by 265.7% during the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after buying an additional 93 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new position in Union Pacific during the third quarter valued at about $32,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Down 0.4 %

Shares of NYSE:UNP opened at $233.99 on Friday. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66. The firm has a market cap of $141.86 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.02 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The company’s 50-day moving average price is $233.83 and its two-hundred day moving average price is $238.85.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS 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 for the quarter, compared to the consensus estimate of $6.14 billion. During the same period last year, the company earned $2.51 earnings per share. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts forecast that Union Pacific Co. will post 10.95 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.29%. Union Pacific’s payout ratio is currently 49.22%.

Analyst Ratings Changes

UNP has been the topic of several recent research reports. Barclays lifted their price objective on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Stifel Nicolaus decreased their price target on shares of Union Pacific from $262.00 to $253.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Sanford C. Bernstein decreased their target price on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Finally, StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and an average target price of $259.35.

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.