ETRADE Capital Management LLC Boosts Position in Union Pacific Co. (UNP)
ETRADE Capital Management LLC boosted its position in shares of Union Pacific Co. (NYSE:UNP) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,254 shares of the railroad operator’s stock after acquiring an additional 307 shares during the quarter. ETRADE Capital Management LLC’s holdings in Union Pacific were worth $4,735,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Highstreet Asset Management Inc. increased its position in Union Pacific by 6.8% in the fourth quarter. Highstreet Asset Management Inc. now owns 24,440 shares of the railroad operator’s stock worth $3,378,000 after buying an additional 1,563 shares in the last quarter. Ffcm LLC increased its position in Union Pacific by 7.4% in the fourth quarter. Ffcm LLC now owns 33,475 shares of the railroad operator’s stock worth $4,627,000 after buying an additional 2,305 shares in the last quarter. GAM Holding AG increased its position in Union Pacific by 5.0% in the fourth quarter. GAM Holding AG now owns 3,682 shares of the railroad operator’s stock worth $509,000 after buying an additional 176 shares in the last quarter. BlackRock Inc. increased its position in Union Pacific by 2.2% in the fourth quarter. BlackRock Inc. now owns 48,020,051 shares of the railroad operator’s stock worth $6,637,811,000 after buying an additional 1,029,260 shares in the last quarter. Finally, Fluent Financial LLC increased its position in Union Pacific by 119.5% in the fourth quarter. Fluent Financial LLC now owns 7,896 shares of the railroad operator’s stock worth $1,091,000 after buying an additional 4,298 shares in the last quarter. Institutional investors own 78.71% of the company’s stock.
A number of brokerages have commented on UNP. Deutsche Bank upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a research report on Tuesday, November 27th. Scotiabank upgraded Union Pacific from a “sector perform” rating to an “outperform” rating and reduced their price target for the stock from $175.00 to $165.00 in a research report on Monday, January 7th. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research report on Tuesday, November 20th. Seaport Global Securities upgraded Union Pacific from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Tuesday, January 8th. Finally, Loop Capital upped their price target on Union Pacific from $188.00 to $193.00 and gave the stock a “positive” rating in a research report on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $169.39.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, January 24th. The railroad operator reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.06. The firm had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.73 billion. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 earnings per share. Equities research analysts predict that Union Pacific Co. will post 9.07 earnings per share for the current fiscal year.
Union Pacific declared that its Board of Directors has approved a share repurchase plan on Thursday, February 7th that permits the company to buyback 150,000,000 shares. This buyback authorization permits the railroad operator to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a yield of 2.13%. Union Pacific’s dividend payout ratio is presently 44.50%.
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Union Pacific Company Profile
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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