Union Pacific Co. (UNP) Position Held by W.G. Shaheen & Associates DBA Whitney & Co
W.G. Shaheen & Associates DBA Whitney & Co continued to hold its stake in shares of Union Pacific Co. (NYSE:UNP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,925 shares of the railroad operator’s stock at the close of the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Union Pacific were worth $319,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of UNP. Norinchukin Bank The raised its holdings in Union Pacific by 0.8% in the 1st quarter. Norinchukin Bank The now owns 332,765 shares of the railroad operator’s stock valued at $35,246,000 after acquiring an additional 2,736 shares during the period. Twin Capital Management Inc. raised its holdings in Union Pacific by 23.9% in the 1st quarter. Twin Capital Management Inc. now owns 8,400 shares of the railroad operator’s stock valued at $890,000 after acquiring an additional 1,620 shares during the period. Mark Sheptoff Financial Planning LLC raised its holdings in Union Pacific by 96.3% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock valued at $108,000 after acquiring an additional 501 shares during the period. Quantitative Investment Management LLC bought a new position in Union Pacific in the 1st quarter valued at about $4,988,000. Finally, Peoples Bank OH raised its holdings in Union Pacific by 4.5% in the 1st quarter. Peoples Bank OH now owns 4,141 shares of the railroad operator’s stock valued at $439,000 after acquiring an additional 177 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.
Several research analysts have weighed in on UNP shares. BMO Capital Markets reissued a “buy” rating on shares of Union Pacific in a report on Friday, October 20th. Argus increased their price target on shares of Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Wednesday, November 1st. Morgan Stanley cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $102.00 to $100.00 in a report on Monday, October 2nd. Finally, Aegis cut shares of Union Pacific from a “buy” rating to a “hold” rating and increased their price target for the company from $120.00 to $122.00 in a report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $118.53.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.01. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period last year, the firm earned $1.36 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. sell-side analysts forecast that Union Pacific Co. will post 5.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 2.13%. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, November 29th. Union Pacific’s dividend payout ratio (DPR) is 47.00%.
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Union Pacific Company 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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