Union Pacific Co. (UNP) Stake Boosted by Schafer Cullen Capital Management Inc.
Schafer Cullen Capital Management Inc. grew its position in Union Pacific Co. (NYSE:UNP) by 43.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,922 shares of the railroad operator’s stock after purchasing an additional 4,495 shares during the quarter. Schafer Cullen Capital Management Inc.’s holdings in Union Pacific were worth $1,625,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in UNP. Proficio Capital Partners LLC grew its stake in shares of Union Pacific by 36.3% in the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock worth $111,000 after acquiring an additional 274 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Union Pacific by 46.6% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock worth $117,000 after acquiring an additional 340 shares during the last quarter. Ullmann Financial Group Inc. acquired a new stake in shares of Union Pacific in the first quarter worth $122,000. SRS Capital Advisors Inc. grew its stake in shares of Union Pacific by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock worth $122,000 after acquiring an additional 686 shares during the last quarter. Finally, Delta Asset Management LLC TN grew its stake in shares of Union Pacific by 6.8% in the second quarter. Delta Asset Management LLC TN now owns 1,183 shares of the railroad operator’s stock worth $129,000 after acquiring an additional 75 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.
Union Pacific Co. (UNP) traded up $1.65 on Wednesday, reaching $130.70. 5,334,000 shares of the company’s stock were exchanged, compared to its average volume of 3,597,527. Union Pacific Co. has a 1 year low of $101.06 and a 1 year high of $132.00. 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 capitalization of $101,308.62, a P/E ratio of 22.74, a P/E/G ratio of 2.09 and a beta of 0.90.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a $0.665 dividend. This represents a $2.66 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Wednesday, November 29th. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s payout ratio is currently 47.00%.
UNP has been the topic of several research analyst reports. Barclays restated a “buy” rating and issued a $150.00 price objective on shares of Union Pacific in a research note on Wednesday. Argus raised their price objective on shares of Union Pacific from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. BMO Capital Markets restated a “buy” rating on shares of Union Pacific in a research note on Friday, October 20th. Morgan Stanley downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $102.00 to $100.00 in a research note on Monday, October 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $124.00 price target on shares of Union Pacific in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $120.00.
TRADEMARK VIOLATION NOTICE: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/12/13/union-pacific-co-unp-stake-boosted-by-schafer-cullen-capital-management-inc.html.
Union Pacific 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.
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).
Receive News & Stock Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related stocks with our FREE daily email newsletter.