Daiwa Securities Group Inc. Sells 81,187 Shares of Union Pacific Co. (UNP)
Daiwa Securities Group Inc. lowered its stake in Union Pacific Co. (NYSE:UNP) by 41.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 113,803 shares of the railroad operator’s stock after selling 81,187 shares during the period. Daiwa Securities Group Inc.’s holdings in Union Pacific were worth $15,261,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Clinton Group Inc. lifted its stake in Union Pacific by 82.0% in the 2nd quarter. Clinton Group Inc. now owns 25,117 shares of the railroad operator’s stock valued at $2,735,000 after buying an additional 11,313 shares in the last quarter. Dempze Nancy E lifted its stake in Union Pacific by 46.6% in the 4th quarter. Dempze Nancy E now owns 3,460 shares of the railroad operator’s stock valued at $465,000 after buying an additional 1,100 shares in the last quarter. Prudential Financial Inc. lifted its stake in Union Pacific by 12.2% in the 3rd quarter. Prudential Financial Inc. now owns 2,562,570 shares of the railroad operator’s stock valued at $297,180,000 after buying an additional 277,810 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Union Pacific in the 3rd quarter valued at approximately $9,954,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Union Pacific by 32.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 107,266 shares of the railroad operator’s stock valued at $11,683,000 after buying an additional 26,104 shares in the last quarter. 79.08% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the company. UBS Group raised Union Pacific from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Citigroup raised Union Pacific from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 14th. ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. TD Securities reduced their price target on Union Pacific from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, Scotiabank reissued a “hold” rating and set a $148.00 price target on shares of Union Pacific in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Union Pacific currently has a consensus rating of “Hold” and an average price target of $131.50.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, January 25th. The railroad operator reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.01). The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.44 billion. Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 earnings per share. research analysts predict that Union Pacific Co. will post 7.5 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.13%. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, February 27th. Union Pacific’s dividend payout ratio is presently 48.18%.
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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.
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