BMO Capital Markets reiterated their buy rating on shares of Union Pacific Co. (NYSE:UNP) in a research report released on Friday. The brokerage currently has a $115.00 price objective on the railroad operator’s stock.
Other analysts also recently issued research reports about the stock. Aegis increased their target price on shares of Union Pacific from $115.00 to $120.00 and gave the company a buy rating in a report on Friday, January 20th. Zacks Investment Research upgraded shares of Union Pacific from a hold rating to a buy rating and set a $121.00 target price for the company in a report on Tuesday, January 24th. Credit Suisse Group AG reiterated a buy rating and issued a $123.00 target price on shares of Union Pacific in a report on Friday, March 24th. Citigroup Inc reiterated a buy rating on shares of Union Pacific in a report on Thursday, March 30th. Finally, Stifel Nicolaus increased their target price on shares of Union Pacific from $98.00 to $102.00 and gave the company a hold rating in a report on Friday, January 20th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Union Pacific presently has an average rating of Hold and an average price target of $105.55.
Union Pacific (NYSE:UNP) opened at 107.90 on Friday. The company has a 50-day moving average of $106.21 and a 200 day moving average of $102.84. Union Pacific has a 52-week low of $80.68 and a 52-week high of $111.38. The firm has a market cap of $87.81 billion, a price-to-earnings ratio of 21.28 and a beta of 0.71.
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The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Tuesday, February 28th were paid a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Friday, February 24th. Union Pacific’s dividend payout ratio is currently 47.64%.
In other Union Pacific news, EVP Elizabeth F. Whited sold 1,000 shares of Union Pacific stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $106.89, for a total transaction of $106,890.00. Following the transaction, the executive vice president now directly owns 50,583 shares of the company’s stock, valued at $5,406,816.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew H. Card, Jr. sold 4,000 shares of Union Pacific stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $109.53, for a total transaction of $438,120.00. Following the transaction, the director now directly owns 22,400 shares in the company, valued at $2,453,472. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dodge & Cox acquired a new position in Union Pacific during the fourth quarter valued at approximately $1,452,729,000. Norges Bank acquired a new position in Union Pacific during the fourth quarter valued at approximately $841,976,000. The Manufacturers Life Insurance Company acquired a new position in Union Pacific during the third quarter valued at approximately $324,377,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Union Pacific during the fourth quarter valued at approximately $247,486,000. Finally, Viking Global Investors LP acquired a new position in Union Pacific during the fourth quarter valued at approximately $217,656,000. 79.43% of the stock is currently owned by hedge funds and other institutional investors.
About Union Pacific
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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