Massachusetts Financial Services Co. MA lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,474,894 shares of the railroad operator’s stock after selling 266,420 shares during the period. Massachusetts Financial Services Co. MA owned 1.56% of Union Pacific worth $1,586,174,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in the stock. Winthrop Partners WNY LLC raised its position in Union Pacific by 30.6% in the 3rd quarter. Winthrop Partners WNY LLC now owns 7,155 shares of the railroad operator’s stock worth $1,165,000 after purchasing an additional 1,676 shares during the period. Segment Wealth Management LLC raised its position in Union Pacific by 5.9% in the 4th quarter. Segment Wealth Management LLC now owns 32,454 shares of the railroad operator’s stock worth $4,486,000 after purchasing an additional 1,820 shares during the period. Wealthquest Corp purchased a new stake in Union Pacific in the 4th quarter worth about $253,000. Pinnacle Financial Partners Inc. raised its position in Union Pacific by 1.8% in the 4th quarter. Pinnacle Financial Partners Inc. now owns 39,162 shares of the railroad operator’s stock worth $5,413,000 after purchasing an additional 702 shares during the period. Finally, Park National Corp OH raised its position in Union Pacific by 1.6% in the 4th quarter. Park National Corp OH now owns 32,974 shares of the railroad operator’s stock worth $4,558,000 after purchasing an additional 526 shares during the period. 78.71% of the stock is owned by hedge funds and other institutional investors.
UNP has been the topic of a number of recent analyst reports. Cowen raised shares of Union Pacific from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $153.00 to $178.00 in a research report on Tuesday, January 8th. Loop Capital increased their price objective on shares of Union Pacific from $188.00 to $193.00 and gave the stock a “positive” rating in a research report on Thursday, January 24th. Credit Suisse Group reduced their price objective on shares of Union Pacific from $190.00 to $166.00 and set an “outperform” rating on the stock in a research report on Monday, January 7th. Argus increased their price objective on shares of Union Pacific to $175.00 and gave the stock a “positive” rating in a research report on Friday, January 25th. Finally, TD Securities increased their price objective on shares of Union Pacific from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Union Pacific presently has a consensus rating of “Buy” and an average price target of $169.39.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, January 24th. The railroad operator reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.06. The business had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.73 billion. Union Pacific had a net margin of 26.13% and a return on equity of 27.95%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $1.53 earnings per share. Sell-side analysts anticipate that Union Pacific Co. will post 9.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, February 27th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.13%. Union Pacific’s dividend payout ratio (DPR) is 44.50%.
Union Pacific declared that its Board of Directors has approved a share buyback program on Thursday, February 7th that authorizes the company to buyback 150,000,000 outstanding shares. This buyback authorization authorizes the railroad operator to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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