Cedar Capital LLC decreased its stake in shares of Union Pacific Co. (NYSE:UNP) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,072 shares of the railroad operator’s stock after selling 505 shares during the quarter. Cedar Capital LLC’s holdings in Union Pacific were worth $839,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Zweig DiMenna Associates LLC bought a new stake in Union Pacific during the 3rd quarter worth approximately $1,010,000. Q3 Asset Management bought a new stake in Union Pacific during the 3rd quarter worth approximately $244,000. Cookson Peirce & Co. Inc. grew its position in Union Pacific by 0.5% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 257,732 shares of the railroad operator’s stock worth $41,967,000 after acquiring an additional 1,322 shares during the last quarter. Sheets Smith Wealth Management grew its position in Union Pacific by 115.3% during the 3rd quarter. Sheets Smith Wealth Management now owns 13,242 shares of the railroad operator’s stock worth $2,156,000 after acquiring an additional 7,092 shares during the last quarter. Finally, Somerville Kurt F grew its position in Union Pacific by 6.0% during the 3rd quarter. Somerville Kurt F now owns 7,890 shares of the railroad operator’s stock worth $1,284,000 after acquiring an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 83.30% of the company’s stock.
UNP stock opened at $164.35 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a market capitalization of $119.15 billion, a PE ratio of 20.78, a P/E/G ratio of 1.67 and a beta of 1.10. Union Pacific Co. has a twelve month low of $125.31 and a twelve month high of $165.63.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.14%. This is an increase from Union Pacific’s previous quarterly dividend of $0.80. Union Pacific’s dividend payout ratio is 40.46%.
Union Pacific declared that its board has authorized a share buyback plan on Thursday, February 7th that authorizes the company to repurchase 150,000,000 outstanding shares. This repurchase authorization authorizes the railroad operator to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
A number of research analysts have commented on UNP shares. TD Securities increased their price objective on Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, January 25th. Cowen reiterated a “buy” rating on shares of Union Pacific in a research report on Thursday, January 24th. Argus increased their price objective on Union Pacific to $175.00 and gave the company a “positive” rating in a research report on Friday, January 25th. Loop Capital increased their price objective on Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a research report on Thursday, January 24th. Finally, Credit Suisse Group increased their price objective on Union Pacific from $166.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, January 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. Union Pacific presently has an average rating of “Buy” and an average price target of $169.39.
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About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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