Clarius Group LLC increased its stake in shares of Union Pacific Co. (NYSE:UNP) by 61.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,399 shares of the railroad operator’s stock after purchasing an additional 913 shares during the period. Clarius Group LLC’s holdings in Union Pacific were worth $332,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of UNP. Garrison Point Advisors LLC purchased a new position in Union Pacific in the 4th quarter valued at approximately $1,225,000. Clearstead Advisors LLC boosted its position in Union Pacific by 29.3% in the 4th quarter. Clearstead Advisors LLC now owns 4,362 shares of the railroad operator’s stock valued at $603,000 after buying an additional 988 shares during the period. Halbert Hargrove Russell LLC boosted its position in Union Pacific by 5.9% in the 4th quarter. Halbert Hargrove Russell LLC now owns 1,519 shares of the railroad operator’s stock valued at $210,000 after buying an additional 84 shares during the period. Linscomb & Williams Inc. boosted its position in Union Pacific by 6.4% in the 4th quarter. Linscomb & Williams Inc. now owns 7,559 shares of the railroad operator’s stock valued at $1,045,000 after buying an additional 457 shares during the period. Finally, ETRADE Capital Management LLC boosted its position in Union Pacific by 0.9% in the 4th quarter. ETRADE Capital Management LLC now owns 34,254 shares of the railroad operator’s stock valued at $4,735,000 after buying an additional 307 shares during the period. 78.71% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. ValuEngine cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. TD Securities raised their price target on shares of Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, January 25th. Cowen reissued a “buy” rating on shares of Union Pacific in a research report on Thursday, January 24th. Argus raised their price target on shares of Union Pacific to $175.00 and gave the company a “positive” rating in a research report on Friday, January 25th. Finally, Loop Capital raised their price target on shares of Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a research report on Thursday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. Union Pacific has an average rating of “Buy” and an average price target of $169.39.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, January 24th. The railroad operator reported $2.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.06 by $0.06. Union Pacific had a net margin of 26.13% and a return on equity of 27.95%. The business had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period last year, the business earned $1.53 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Equities analysts expect that Union Pacific Co. will post 9.07 EPS for the current year.
Union Pacific announced that its Board of Directors has authorized a share buyback plan on Thursday, February 7th that permits the company to repurchase 150,000,000 outstanding shares. This repurchase authorization permits the railroad operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, February 27th. Union Pacific’s dividend payout ratio (DPR) is presently 44.50%.
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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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