Union Pacific Corporation (UNP) Stake Raised by AMG Funds LLC
AMG Funds LLC lifted its position in shares of Union Pacific Corporation (NYSE:UNP) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,026 shares of the railroad operator’s stock after acquiring an additional 114 shares during the quarter. Union Pacific Corporation accounts for approximately 1.2% of AMG Funds LLC’s investment portfolio, making the stock its 19th biggest holding. AMG Funds LLC’s holdings in Union Pacific Corporation were worth $2,181,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of UNP. AQR Capital Management LLC lifted its stake in Union Pacific Corporation by 212.5% in the 1st quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock valued at $252,911,000 after buying an additional 1,623,701 shares in the last quarter. Harbour Capital Advisors LLC lifted its stake in Union Pacific Corporation by 11,520.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,127,981 shares of the railroad operator’s stock valued at $10,357,000 after buying an additional 1,118,274 shares in the last quarter. Prudential Financial Inc. lifted its stake in Union Pacific Corporation by 82.9% in the 1st quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock valued at $235,547,000 after buying an additional 1,007,720 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Union Pacific Corporation in the 1st quarter valued at about $92,495,000. Finally, Ameriprise Financial Inc. lifted its stake in Union Pacific Corporation by 21.6% in the 1st quarter. Ameriprise Financial Inc. now owns 2,996,965 shares of the railroad operator’s stock valued at $317,475,000 after buying an additional 531,917 shares in the last quarter. 79.66% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on UNP shares. Zacks Investment Research lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Aegis lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating and raised their price target for the company from $120.00 to $122.00 in a research note on Tuesday, October 10th. Morgan Stanley raised their price target on shares of Union Pacific Corporation from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 31st. Off Wall Street assumed coverage on shares of Union Pacific Corporation in a research note on Tuesday, October 17th. They issued a “sell” rating on the stock. Finally, BMO Capital Markets raised their target price on shares of Union Pacific Corporation from $123.00 to $127.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $117.59.
Shares of Union Pacific Corporation (UNP) opened at $115.63 on Friday. Union Pacific Corporation has a 1-year low of $98.60 and a 1-year high of $119.71. 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 firm has a market cap of $91,760.00, a P/E ratio of 20.53, a P/E/G ratio of 1.88 and a beta of 0.87.
Union Pacific Corporation (NYSE:UNP) last posted its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.01. Union Pacific Corporation had a net margin of 21.84% and a return on equity of 23.35%. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the firm earned $1.36 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. equities analysts expect that Union Pacific Corporation will post 5.78 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, November 29th. This is an increase from Union Pacific Corporation’s previous quarterly dividend of $0.61. Union Pacific Corporation’s dividend payout ratio (DPR) is 42.83%.
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Union Pacific Corporation 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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