Cornerstone Investment Partners LLC grew its stake in Union Pacific Co. (NYSE:UNP) by 85.5% in the fourth quarter, Holdings Channel reports. The fund owned 1,331,796 shares of the railroad operator’s stock after acquiring an additional 614,002 shares during the period. Union Pacific makes up 3.9% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 7th largest position. Cornerstone Investment Partners LLC’s holdings in Union Pacific were worth $178,594,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in Union Pacific by 84.6% during the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock worth $1,045,870,000 after purchasing an additional 4,399,980 shares in the last quarter. Janus Henderson Group PLC increased its stake in Union Pacific by 990.5% during the 2nd quarter. Janus Henderson Group PLC now owns 2,243,574 shares of the railroad operator’s stock worth $244,339,000 after purchasing an additional 2,037,834 shares in the last quarter. Voya Investment Management LLC increased its stake in Union Pacific by 88.7% during the 2nd quarter. Voya Investment Management LLC now owns 4,060,423 shares of the railroad operator’s stock worth $442,221,000 after purchasing an additional 1,908,175 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Union Pacific by 59.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock worth $519,785,000 after purchasing an additional 1,776,644 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Union Pacific by 88.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,558,005 shares of the railroad operator’s stock worth $412,622,000 after purchasing an additional 1,670,095 shares in the last quarter. 78.28% of the stock is owned by institutional investors.

A number of research firms recently issued reports on UNP. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research note on Monday, January 15th. Scotiabank set a $150.00 target price on Union Pacific and gave the stock a “hold” rating in a research note on Thursday, January 11th. Daiwa Capital Markets raised Union Pacific from a “hold” rating to an “outperform” rating in a research note on Thursday, January 11th. BMO Capital Markets reissued a “buy” rating and set a $150.00 target price on shares of Union Pacific in a research note on Monday, January 8th. Finally, UBS Group raised Union Pacific from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $130.40.

Union Pacific Co. (NYSE UNP) opened at $128.30 on Wednesday. The firm has a market cap of $100,990.00, a P/E ratio of 9.50, a PEG ratio of 1.59 and a beta of 0.84. Union Pacific Co. has a 52 week low of $101.06 and a 52 week high of $143.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 1.03.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.01). The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.44 billion. Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. Union Pacific’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share. equities research analysts predict that Union Pacific Co. will post 7.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.73 per share. This is a boost from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Tuesday, February 27th. Union Pacific’s dividend payout ratio (DPR) is currently 19.70%.

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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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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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