Trillium Asset Management LLC Lowers Holdings in Union Pacific Co. (UNP)
Trillium Asset Management LLC cut its position in Union Pacific Co. (NYSE:UNP) by 15.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,942 shares of the railroad operator’s stock after selling 558 shares during the period. Trillium Asset Management LLC’s holdings in Union Pacific were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Hamilton Point Investment Advisors LLC boosted its holdings in shares of Union Pacific by 1.2% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 5,443 shares of the railroad operator’s stock worth $752,000 after purchasing an additional 65 shares in the last quarter. Howe & Rusling Inc. lifted its stake in shares of Union Pacific by 25.4% in the 4th quarter. Howe & Rusling Inc. now owns 346 shares of the railroad operator’s stock valued at $48,000 after acquiring an additional 70 shares during the last quarter. DeDora Capital Inc. lifted its stake in shares of Union Pacific by 1.7% in the 4th quarter. DeDora Capital Inc. now owns 4,162 shares of the railroad operator’s stock valued at $575,000 after acquiring an additional 71 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Union Pacific by 2.4% in the 4th quarter. Parallel Advisors LLC now owns 3,039 shares of the railroad operator’s stock valued at $420,000 after acquiring an additional 71 shares during the last quarter. Finally, Starfire Investment Advisers Inc. lifted its stake in shares of Union Pacific by 2.7% in the 4th quarter. Starfire Investment Advisers Inc. now owns 3,231 shares of the railroad operator’s stock valued at $446,000 after acquiring an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 78.71% of the company’s stock.
A number of research firms have recently weighed in on UNP. Deutsche Bank raised Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research note on Tuesday, November 27th. Scotiabank raised Union Pacific from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from $175.00 to $165.00 in a research note on Monday, January 7th. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research note on Tuesday, November 20th. Seaport Global Securities raised Union Pacific from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Tuesday, January 8th. Finally, Loop Capital boosted their target price on Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a research note on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Union Pacific presently has a consensus rating of “Buy” and a consensus target price of $169.39.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, January 24th. The railroad operator reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.06. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. The firm had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the prior year, the company earned $1.53 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts forecast that Union Pacific Co. will post 9.07 EPS for the current fiscal year.
Union Pacific declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 7th that permits the company to repurchase 150,000,000 shares. This repurchase authorization permits the railroad operator to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
The company 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 $0.88 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $3.52 annualized dividend and a dividend yield of 2.13%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. Union Pacific’s dividend payout ratio is currently 44.50%.
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.
Further Reading: SEC Filing
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