Aldebaran Financial Inc. Cuts Stake in Union Pacific Co. (UNP)
Aldebaran Financial Inc. trimmed its position in Union Pacific Co. (NYSE:UNP) by 1.3% during the first quarter, HoldingsChannel reports. The firm owned 12,971 shares of the railroad operator’s stock after selling 175 shares during the quarter. Union Pacific accounts for approximately 1.5% of Aldebaran Financial Inc.’s investment portfolio, making the stock its 19th biggest holding. Aldebaran Financial Inc.’s holdings in Union Pacific were worth $2,169,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Advisor Partners LLC lifted its holdings in shares of Union Pacific by 2.0% in the first quarter. Advisor Partners LLC now owns 23,789 shares of the railroad operator’s stock valued at $3,977,000 after purchasing an additional 466 shares in the last quarter. Blue Chip Partners Inc. lifted its holdings in shares of Union Pacific by 1.6% in the first quarter. Blue Chip Partners Inc. now owns 9,476 shares of the railroad operator’s stock valued at $1,584,000 after purchasing an additional 153 shares in the last quarter. Horrell Capital Management Inc. lifted its holdings in shares of Union Pacific by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 89,811 shares of the railroad operator’s stock valued at $15,016,000 after purchasing an additional 397 shares in the last quarter. Palisades Hudson Asset Management L.P. bought a new stake in shares of Union Pacific in the first quarter valued at about $209,000. Finally, BB&T Corp lifted its holdings in shares of Union Pacific by 1.6% in the first quarter. BB&T Corp now owns 125,170 shares of the railroad operator’s stock valued at $20,928,000 after purchasing an additional 1,946 shares in the last quarter. Institutional investors own 81.28% of the company’s stock.
UNP has been the topic of a number of research reports. Loop Capital boosted their price target on Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a report on Thursday, January 24th. Cowen restated a “buy” rating on shares of Union Pacific in a report on Thursday, January 24th. Argus upped their target price on Union Pacific to $175.00 and gave the stock a “positive” rating in a report on Friday, January 25th. TD Securities upped their target price on Union Pacific from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Friday, January 25th. Finally, ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $175.35.
NYSE:UNP opened at $173.77 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.60 and a current ratio of 0.75. The company has a market capitalization of $121.60 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 1.90 and a beta of 1.11. Union Pacific Co. has a 12-month low of $128.08 and a 12-month high of $180.02.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, April 18th. The railroad operator reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.51 billion. Union Pacific had a return on equity of 30.73% and a net margin of 26.59%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 earnings per share. Equities research analysts predict that Union Pacific Co. will post 9.06 EPS for the current fiscal year.
Union Pacific announced that its Board of Directors has initiated a share buyback program on Thursday, February 7th that authorizes the company to buyback 150,000,000 outstanding shares. This buyback authorization authorizes the railroad operator to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.