Union Pacific Co. (UNP) Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Union Pacific Co. (NYSE:UNP) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,926 shares of the railroad operator’s stock after purchasing an additional 2,629 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Union Pacific were worth $13,560,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. OMERS ADMINISTRATION Corp lifted its stake in Union Pacific by 15.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock worth $109,803,000 after purchasing an additional 134,950 shares during the last quarter. Community Bank N.A. lifted its stake in Union Pacific by 3.0% during the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after purchasing an additional 45 shares during the last quarter. Northeast Investment Management lifted its stake in Union Pacific by 2.8% during the second quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock worth $30,305,000 after purchasing an additional 7,663 shares during the last quarter. Greystone Managed Investments Inc. lifted its stake in Union Pacific by 8.9% during the second quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock worth $9,161,000 after purchasing an additional 6,890 shares during the last quarter. Finally, iAB Financial Bank increased its holdings in shares of Union Pacific by 23.8% in the second quarter. iAB Financial Bank now owns 3,900 shares of the railroad operator’s stock worth $425,000 after buying an additional 750 shares during the period. 78.45% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. Morgan Stanley lifted their price objective on Union Pacific from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 31st. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 price objective on shares of Union Pacific in a report on Friday, September 15th. Goldman Sachs Group assumed coverage on Union Pacific in a report on Monday, November 13th. They issued a “sell” rating and a $103.00 price objective on the stock. Wolfe Research upgraded Union Pacific from a “market perform” rating to an “outperform” rating in a report on Friday. Finally, Citigroup downgraded Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a report on Wednesday, October 4th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $121.21.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the business earned $1.36 EPS. Union Pacific’s revenue was up 4.5% compared to the same quarter last year. equities analysts forecast that Union Pacific Co. will post 5.78 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Wednesday, November 29th. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s payout ratio is currently 47.08%.
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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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