Ingalls & Snyder LLC Sells 3,896 Shares of Union Pacific Co. (UNP)
Ingalls & Snyder LLC lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 72,030 shares of the railroad operator’s stock after selling 3,896 shares during the period. Ingalls & Snyder LLC’s holdings in Union Pacific were worth $9,659,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of UNP. FMR LLC lifted its position in shares of Union Pacific by 84.6% during the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after buying an additional 4,399,980 shares during the period. Janus Henderson Group PLC lifted its position in shares of 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 worth $244,339,000 after buying an additional 2,037,834 shares during the period. Voya Investment Management LLC lifted its position in shares of 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 worth $442,221,000 after buying an additional 1,908,175 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Union Pacific by 59.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock worth $519,785,000 after buying an additional 1,776,644 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of 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 worth $412,622,000 after buying an additional 1,670,095 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.
UNP has been the subject of several analyst reports. UBS Group cut their target price on Union Pacific from $164.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Daiwa Capital Markets upgraded Union Pacific from a “hold” rating to an “outperform” rating in a research report on Thursday, January 11th. Goldman Sachs Group initiated coverage on Union Pacific in a research report on Monday, November 13th. They set a “sell” rating and a $103.00 target price for the company. Morgan Stanley raised their target price on Union Pacific from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research downgraded Union Pacific from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. Union Pacific currently has a consensus rating of “Hold” and a consensus target price of $130.40.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.01). The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.44 billion. Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 EPS. equities research analysts expect that Union Pacific Co. will post 7.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.73 per share. The ex-dividend date is Tuesday, February 27th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.27%. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s payout ratio is presently 19.70%.
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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