Adams Diversified Equity Fund Inc. Lowers Stake in Union Pacific Co. (UNP)
Adams Diversified Equity Fund Inc. reduced its position in Union Pacific Co. (NYSE:UNP) by 21.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 219,500 shares of the railroad operator’s stock after selling 58,500 shares during the period. Union Pacific accounts for approximately 1.4% of Adams Diversified Equity Fund Inc.’s investment portfolio, making the stock its 24th largest holding. Adams Diversified Equity Fund Inc.’s holdings in Union Pacific were worth $25,455,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. United Bank VA grew its stake in Union Pacific by 28.2% in the first quarter. United Bank VA now owns 35,001 shares of the railroad operator’s stock valued at $3,707,000 after acquiring an additional 7,693 shares during the period. LBA Wealth Management LLC grew its stake in Union Pacific by 4.3% in the first quarter. LBA Wealth Management LLC now owns 10,827 shares of the railroad operator’s stock valued at $1,147,000 after acquiring an additional 450 shares during the period. Pacer Advisors Inc. grew its stake in Union Pacific by 5.4% in the first quarter. Pacer Advisors Inc. now owns 16,350 shares of the railroad operator’s stock valued at $1,732,000 after acquiring an additional 833 shares during the period. Tortoise Investment Management LLC grew its stake in Union Pacific by 1.2% in the first quarter. Tortoise Investment Management LLC now owns 2,540 shares of the railroad operator’s stock valued at $269,000 after acquiring an additional 30 shares during the period. Finally, Trust Co. of Toledo NA OH grew its stake in Union Pacific by 11.6% in the first quarter. Trust Co. of Toledo NA OH now owns 3,850 shares of the railroad operator’s stock valued at $408,000 after acquiring an additional 400 shares during the period. 78.43% of the stock is owned by institutional investors.
Shares of Union Pacific Co. (NYSE UNP) opened at $136.32 on Thursday. 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 $106,260.00, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90. Union Pacific Co. has a 52 week low of $101.06 and a 52 week high of $136.32.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.01. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 earnings per share. equities research analysts forecast that Union Pacific Co. will post 5.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a $0.665 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, November 29th. This represents a $2.66 annualized dividend and a yield of 1.95%. Union Pacific’s dividend payout ratio is currently 47.08%.
A number of research firms have issued reports on UNP. 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. ValuEngine cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Goldman Sachs Group began coverage on Union Pacific in a report on Monday, November 13th. They issued a “sell” rating and a $103.00 price target on the stock. Royal Bank of Canada restated a “hold” rating and issued a $124.00 price target on shares of Union Pacific in a report on Thursday, November 9th. Finally, Zacks Investment Research lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $120.00.
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Union Pacific Company 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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