Tocqueville Asset Management L.P. decreased its stake in shares of Union Pacific Co. (NYSE:UNP) by 0.6% in the 4th quarter, Holdings Channel reports. The firm owned 191,122 shares of the railroad operator’s stock after selling 1,182 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Union Pacific were worth $26,419,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Hamilton Point Investment Advisors LLC grew its stake in Union Pacific by 1.2% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 5,443 shares of the railroad operator’s stock worth $752,000 after buying an additional 65 shares during the period. Howe & Rusling Inc. grew its stake in Union Pacific by 25.4% during the fourth quarter. Howe & Rusling Inc. now owns 346 shares of the railroad operator’s stock worth $48,000 after buying an additional 70 shares during the period. DeDora Capital Inc. grew its stake in Union Pacific by 1.7% during the fourth quarter. DeDora Capital Inc. now owns 4,162 shares of the railroad operator’s stock worth $575,000 after buying an additional 71 shares during the period. Parallel Advisors LLC grew its stake in Union Pacific by 2.4% during the fourth quarter. Parallel Advisors LLC now owns 3,039 shares of the railroad operator’s stock worth $420,000 after buying an additional 71 shares during the period. Finally, Starfire Investment Advisers Inc. grew its stake in Union Pacific by 2.7% during the fourth quarter. Starfire Investment Advisers Inc. now owns 3,231 shares of the railroad operator’s stock worth $446,000 after buying an additional 85 shares during the period. 78.71% of the stock is owned by hedge funds and other institutional investors.
UNP has been the subject of several research reports. Cowen upgraded shares of Union Pacific from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $153.00 to $178.00 in a research note on Tuesday, January 8th. Loop Capital upped their target price on shares of Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a research note on Thursday, January 24th. Credit Suisse Group decreased their target price on shares of Union Pacific from $190.00 to $166.00 and set an “outperform” rating for the company in a research note on Monday, January 7th. Argus upped their target price on shares of Union Pacific to $175.00 and gave the company a “positive” rating in a research note on Friday, January 25th. Finally, TD Securities upped their target price on shares of Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a research note on Friday, January 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Union Pacific has an average rating of “Buy” and an average price target of $169.39.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 24th. The railroad operator reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.06. The firm had revenue of $5.76 billion for the quarter, compared to analysts’ expectations of $5.73 billion. Union Pacific had a net margin of 26.13% and a return on equity of 27.95%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 earnings per share. On average, equities research analysts forecast that Union Pacific Co. will post 9.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This is a boost from Union Pacific’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a yield of 2.13%. Union Pacific’s dividend payout ratio is currently 44.50%.
Union Pacific announced that its board has initiated a stock repurchase plan on Thursday, February 7th that authorizes the company to repurchase 150,000,000 outstanding shares. This repurchase authorization authorizes the railroad operator to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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