Sabal Trust CO boosted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 25.0% in the fourth quarter, HoldingsChannel reports. The firm owned 11,674 shares of the railroad operator’s stock after acquiring an additional 2,338 shares during the period. Sabal Trust CO’s holdings in Union Pacific were worth $1,566,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in UNP. FMR LLC increased its holdings in Union Pacific by 84.6% during the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after purchasing an additional 4,399,980 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Union Pacific by 990.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,243,574 shares of the railroad operator’s stock valued at $244,339,000 after purchasing an additional 2,037,834 shares in the last quarter. Voya Investment Management LLC increased its holdings in Union Pacific by 88.7% during the 2nd quarter. Voya Investment Management LLC now owns 4,060,423 shares of the railroad operator’s stock valued at $442,221,000 after purchasing an additional 1,908,175 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Union Pacific by 59.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock valued at $519,785,000 after purchasing an additional 1,776,644 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Union Pacific by 88.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,558,005 shares of the railroad operator’s stock valued at $412,622,000 after purchasing an additional 1,670,095 shares in the last quarter. 79.08% of the stock is owned by hedge funds and other institutional investors.
Union Pacific Co. (UNP) opened at $137.28 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.83 and a current ratio of 1.02. The firm has a market capitalization of $106,980.00, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.72 and a beta of 0.83. Union Pacific Co. has a twelve month low of $101.06 and a twelve month high of $143.05.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a yield of 2.13%. Union Pacific’s payout ratio is currently 48.18%.
A number of equities research analysts recently weighed in on UNP shares. Goldman Sachs Group started coverage on Union Pacific in a report on Monday, November 13th. They set a “sell” rating and a $103.00 price target for the company. ValuEngine cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Barclays reissued a “buy” rating and issued a $150.00 target price on shares of Union Pacific in a research note on Wednesday, December 13th. Wolfe Research raised Union Pacific from a “market perform” rating to an “outperform” rating in a research note on Friday, January 5th. Finally, UBS Group raised Union Pacific from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $131.50.
ILLEGAL ACTIVITY NOTICE: This report was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://sportsperspectives.com/2018/03/12/union-pacific-co-unp-position-raised-by-sabal-trust-co.html.
Union Pacific Profile
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.
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.