Waters Parkerson & CO. LLC Has $266,000 Holdings in Union Pacific Co. (UNP)
Waters Parkerson & CO. LLC held its position in Union Pacific Co. (NYSE:UNP) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,440 shares of the railroad operator’s stock at the close of the second quarter. Waters Parkerson & CO. LLC’s holdings in Union Pacific were worth $266,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp lifted its stake in shares of Union Pacific by 15.5% in the second quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock valued at $109,803,000 after buying an additional 134,950 shares in the last quarter. Community Bank N.A. lifted its position in shares of Union Pacific by 3.0% during the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock valued at $168,000 after purchasing an additional 45 shares in the last quarter. Northeast Investment Management lifted its position in shares of Union Pacific by 2.8% during the second quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock valued at $30,305,000 after purchasing an additional 7,663 shares in the last quarter. Barings LLC lifted its position in shares of Union Pacific by 357.1% during the first quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock valued at $5,104,000 after purchasing an additional 37,643 shares in the last quarter. Finally, Greystone Managed Investments Inc. lifted its position in shares of Union Pacific by 8.9% during the second quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock valued at $9,161,000 after purchasing an additional 6,890 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.
UNP has been the topic of a number of recent analyst reports. Argus raised their price target on shares of Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. BMO Capital Markets reissued a “buy” rating on shares of Union Pacific in a research report on Friday, October 20th. Morgan Stanley lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $102.00 to $100.00 in a research report on Monday, October 2nd. Royal Bank Of Canada reissued a “hold” rating and set a $124.00 price target on shares of Union Pacific in a research report on Thursday, November 9th. Finally, Wolfe Research lowered shares of Union Pacific from an “outperform” rating to a “market perform” rating in a research report on Monday, August 7th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $118.53.
Union Pacific Co. (NYSE UNP) traded up $5.46 during midday trading on Tuesday, reaching $130.08. 9,092,500 shares of the company were exchanged, compared to its average volume of 3,572,774. Union Pacific Co. has a 1-year low of $101.06 and a 1-year high of $132.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 0.97. The stock has a market capitalization of $98,096.98, a P/E ratio of 22.02, a PEG ratio of 2.02 and a beta of 0.90.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the company posted $1.36 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. research analysts predict that Union Pacific Co. will post 5.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a $0.665 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.66 annualized dividend and a dividend yield of 2.04%. Union Pacific’s dividend payout ratio (DPR) is presently 47.00%.
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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.
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