Corundum Group Inc. Has $242,000 Position in Union Pacific Co. (NYSE:UNP)

Corundum Group Inc. cut its stake in Union Pacific Co. (NYSE:UNP) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,062 shares of the railroad operator’s stock after selling 90 shares during the quarter. Corundum Group Inc.’s holdings in Union Pacific were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in Union Pacific in the 2nd quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Union Pacific in the 3rd quarter valued at approximately $30,000. Fairscale Capital LLC acquired a new position in Union Pacific in the second quarter worth approximately $31,000. Jamison Private Wealth Management Inc. increased its holdings in Union Pacific by 265.7% in 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 during the last quarter. Finally, Peterson Financial Group Inc. bought a new position in Union Pacific during the third quarter valued at approximately $32,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Down 0.4 %

UNP stock opened at $233.99 on Monday. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. 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 has a market cap of $141.86 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.02 and a beta of 1.06. The business’s 50-day simple moving average is $233.83 and its 200 day simple moving average is $238.95.

Union Pacific (NYSE:UNP) 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). The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.51 EPS. On average, research analysts anticipate that Union Pacific Co. will post 10.95 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid 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 49.22%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Stifel Nicolaus dropped 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. Bank of America lowered their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Robert W. Baird reduced their price target on Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Evercore ISI downgraded Union Pacific from an “outperform” rating to an “inline” rating and cut their price objective for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $259.35.

About Union Pacific

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.