Goelzer Investment Management Inc. raised its stake in shares of Union Pacific Co. (NYSE:UNP) by 47.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,292 shares of the railroad operator’s stock after acquiring an additional 1,710 shares during the period. Goelzer Investment Management Inc.’s holdings in Union Pacific were worth $710,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Pathstone Family Office LLC increased its position in shares of Union Pacific by 41.3% during the second quarter. Pathstone Family Office LLC now owns 178 shares of the railroad operator’s stock valued at $2,304,000 after acquiring an additional 52 shares during the last quarter. Acropolis Investment Management LLC acquired a new stake in shares of Union Pacific during the fourth quarter valued at about $107,000. Exane Derivatives increased its position in shares of Union Pacific by 55,600.0% during the fourth quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock valued at $149,000 after acquiring an additional 1,112 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Union Pacific by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock valued at $131,000 after acquiring an additional 300 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Union Pacific during the fourth quarter valued at about $200,000. Institutional investors and hedge funds own 79.08% of the company’s stock.
Union Pacific Co. (NYSE:UNP) opened at $137.28 on Friday. Union Pacific Co. has a 12 month low of $101.06 and a 12 month high of $143.05. The company has a quick ratio of 0.83, a current ratio of 1.02 and a debt-to-equity ratio of 0.65. The stock has a market cap of $111,030.00, a P/E ratio of 22.65, a P/E/G ratio of 1.64 and a beta of 0.83.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.92 dividend on an annualized basis and a yield of 2.13%. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s payout ratio is currently 48.18%.
A number of brokerages have weighed in on UNP. UBS Group upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 14th. ValuEngine cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. TD Securities lowered their price objective on shares of Union Pacific from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Finally, Scotiabank reissued a “hold” rating and issued a $148.00 price objective on shares of Union Pacific in a research note on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $131.50.
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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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