Lowell Blake & Associates Inc. Grows Stock Holdings in Union Pacific Co. (NYSE:UNP)
Lowell Blake & Associates Inc. lifted its position in shares of Union Pacific Co. (NYSE:UNP) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,382 shares of the railroad operator’s stock after purchasing an additional 84 shares during the period. Union Pacific comprises approximately 1.5% of Lowell Blake & Associates Inc.’s portfolio, making the stock its 23rd largest position. Lowell Blake & Associates Inc.’s holdings in Union Pacific were worth $1,847,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Union Pacific by 5.5% in the second quarter. BlackRock Inc. now owns 49,108,837 shares of the railroad operator’s stock valued at $8,302,833,000 after acquiring an additional 2,558,794 shares during the last quarter. FMR LLC increased its stake in Union Pacific by 9.0% in the second quarter. FMR LLC now owns 9,885,795 shares of the railroad operator’s stock valued at $1,671,391,000 after purchasing an additional 816,580 shares during the period. Standard Life Aberdeen plc increased its stake in Union Pacific by 173.0% in the third quarter. Standard Life Aberdeen plc now owns 1,242,983 shares of the railroad operator’s stock valued at $244,706,000 after purchasing an additional 787,737 shares during the period. Jennison Associates LLC increased its stake in Union Pacific by 16.6% in the second quarter. Jennison Associates LLC now owns 4,745,321 shares of the railroad operator’s stock valued at $802,291,000 after purchasing an additional 674,848 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Union Pacific by 8.2% in the second quarter. Bank of New York Mellon Corp now owns 7,865,603 shares of the railroad operator’s stock valued at $1,329,835,000 after purchasing an additional 597,606 shares during the period. 78.16% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Union Pacific from $135.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Monday, October 5th. Benchmark boosted their price objective on shares of Union Pacific from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Argus boosted their price objective on shares of Union Pacific from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Credit Suisse Group reduced their price target on shares of Union Pacific from $225.00 to $223.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Raymond James reduced their price target on shares of Union Pacific from $227.00 to $220.00 and set a “strong-buy” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $184.63.
UNP stock traded up $1.00 on Friday, hitting $188.14. 3,897,066 shares of the company were exchanged, compared to its average volume of 2,414,674. Union Pacific Co. has a twelve month low of $105.08 and a twelve month high of $210.95. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.96 and a quick ratio of 0.84. The business’s fifty day moving average is $199.04 and its two-hundred day moving average is $176.92. The stock has a market capitalization of $127.72 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 2.59 and a beta of 1.02.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $2.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.05). Union Pacific had a return on equity of 32.45% and a net margin of 27.54%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.97 billion. During the same period in the previous year, the company earned $2.22 EPS. Union Pacific’s revenue was down 10.8% on a year-over-year basis. Equities research analysts expect that Union Pacific Co. will post 7.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st were given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, August 28th. Union Pacific’s payout ratio is currently 46.30%.
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; and 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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