Union Pacific Co. (NYSE:UNP) Position Lowered by Forbes J M & Co. LLP

Forbes J M & Co. LLP cut its holdings in shares of Union Pacific Co. (NYSE:UNPGet Rating) by 0.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 80,852 shares of the railroad operator’s stock after selling 144 shares during the quarter. Union Pacific comprises approximately 2.8% of Forbes J M & Co. LLP’s portfolio, making the stock its 6th largest holding. Forbes J M & Co. LLP’s holdings in Union Pacific were worth $22,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of UNP. Norges Bank purchased a new position in Union Pacific in the fourth quarter worth about $1,449,526,000. BlackRock Inc. raised its stake in shares of Union Pacific by 6.4% in the fourth quarter. BlackRock Inc. now owns 45,822,201 shares of the railroad operator’s stock worth $11,543,985,000 after buying an additional 2,776,330 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Union Pacific by 316.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,965,684 shares of the railroad operator’s stock worth $740,073,000 after buying an additional 2,254,336 shares during the period. Cibc World Markets Corp raised its stake in shares of Union Pacific by 1,083.0% in the fourth quarter. Cibc World Markets Corp now owns 758,686 shares of the railroad operator’s stock worth $191,136,000 after buying an additional 694,556 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Union Pacific by 5.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,056,408 shares of the railroad operator’s stock worth $2,785,441,000 after buying an additional 560,523 shares during the period. 80.26% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Price Performance

UNP opened at $228.62 on Friday. The business has a fifty day moving average of $215.49 and a 200 day moving average of $234.90. Union Pacific Co. has a 52-week low of $195.68 and a 52-week high of $278.94. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 2.33. The stock has a market cap of $142.77 billion, a P/E ratio of 21.31, a PEG ratio of 1.96 and a beta of 1.15.

Union Pacific (NYSE:UNPGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.93. Union Pacific had a return on equity of 52.00% and a net margin of 29.23%. The company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.11 billion. During the same quarter in the previous year, the business earned $2.72 EPS. Union Pacific’s revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Union Pacific Co. will post 11.58 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Tuesday, August 30th. Union Pacific’s payout ratio is currently 48.46%.

Analyst Ratings Changes

Several research firms have recently commented on UNP. Stifel Nicolaus decreased their price objective on Union Pacific from $254.00 to $225.00 in a research note on Friday, July 15th. JPMorgan Chase & Co. downgraded Union Pacific from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $272.00 to $232.00 in a research note on Tuesday, July 12th. Wells Fargo & Company decreased their target price on Union Pacific from $265.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Friday, July 15th. Citigroup downgraded Union Pacific from a “buy” rating to a “neutral” rating and decreased their target price for the company from $287.00 to $235.00 in a research note on Thursday, May 19th. Finally, The Goldman Sachs Group lifted their target price on Union Pacific from $271.00 to $276.00 in a research note on Thursday, April 21st. Twelve analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $248.36.

Union Pacific Profile

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

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

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