First Hawaiian Bank Takes Position in Union Pacific Co. (UNP)
First Hawaiian Bank bought a new position in Union Pacific Co. (NYSE:UNP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,754 shares of the railroad operator’s stock, valued at approximately $203,000.
Several other hedge funds and other institutional investors also recently modified their holdings of UNP. Vanguard Group Inc. grew its holdings in shares of Union Pacific by 1.9% during the second quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock valued at $6,698,588,000 after buying an additional 1,146,109 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Union Pacific by 0.3% during the second quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock valued at $5,528,796,000 after buying an additional 141,521 shares in the last quarter. FMR LLC grew its holdings in shares of Union Pacific by 84.6% during the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after buying an additional 4,399,980 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Union Pacific by 0.6% during the second quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock valued at $865,659,000 after buying an additional 46,298 shares in the last quarter. Finally, Capital World Investors grew its holdings in shares of Union Pacific by 0.7% during the second quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock valued at $798,093,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 78.43% of the company’s stock.
Union Pacific Co. (NYSE:UNP) opened at $133.24 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 0.97. Union Pacific Co. has a 52 week low of $101.06 and a 52 week high of $133.67. The company has a market capitalization of $102,804.24, a PE ratio of 23.07, a price-to-earnings-growth ratio of 2.12 and a beta of 0.90.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a $0.665 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $2.66 dividend on an annualized basis and a yield of 2.00%. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s payout ratio is 47.00%.
UNP has been the topic of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating on shares of Union Pacific in a report on Friday, October 20th. Argus lifted their price target on 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 upgraded 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. Barclays reiterated a “buy” rating and set a $150.00 price target on shares of Union Pacific in a report on Wednesday, December 13th. Finally, Morgan Stanley downgraded 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. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $120.00.
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About Union Pacific
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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