Union Pacific Co. (NYSE:UNP) Stake Increased by Pinnacle Financial Partners Inc.
Pinnacle Financial Partners Inc. raised its stake in shares of Union Pacific Co. (NYSE:UNP) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,900 shares of the railroad operator’s stock after acquiring an additional 948 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in Union Pacific were worth $16,939,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Shulman DeMeo Asset Management LLC grew its position in shares of Union Pacific by 46.0% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,678 shares of the railroad operator’s stock worth $349,000 after acquiring an additional 529 shares in the last quarter. TFC Financial Management bought a new position in Union Pacific during the third quarter worth $89,000. Ascension Asset Management LLC bought a new position in Union Pacific during the third quarter worth $1,969,000. CFO4Life Group LLC boosted its holdings in Union Pacific by 2.0% in the fourth quarter. CFO4Life Group LLC now owns 2,392 shares of the railroad operator’s stock worth $498,000 after purchasing an additional 47 shares during the period. Finally, Jacobs & Co. CA increased its stake in Union Pacific by 6.8% during the fourth quarter. Jacobs & Co. CA now owns 60,019 shares of the railroad operator’s stock valued at $12,497,000 after purchasing an additional 3,838 shares during the last quarter. 78.16% of the stock is owned by institutional investors.
Several research firms have recently commented on UNP. Credit Suisse Group decreased their price target on shares of Union Pacific from $225.00 to $223.00 and set an “outperform” rating for the company in a report on Friday, October 23rd. BidaskClub upgraded Union Pacific from a “hold” rating to a “buy” rating in a research note on Wednesday, December 30th. Sanford C. Bernstein upgraded Union Pacific from a “market perform” rating to an “outperform” rating in a research report on Monday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on Union Pacific from $215.00 to $250.00 in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Union Pacific from $220.00 to $239.00 and gave the stock a “buy” rating in a research note on Monday, November 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Union Pacific presently has an average rating of “Buy” and an average price target of $199.38.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $2.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.05). The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.97 billion. Union Pacific had a net margin of 27.54% and a return on equity of 32.45%. The business’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter last year, the business posted $2.22 EPS. On average, sell-side analysts forecast that Union Pacific Co. will post 7.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 30th. Investors of record on Monday, November 30th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Friday, November 27th. Union Pacific’s payout ratio is 46.30%.
Union Pacific Company Profile
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 to grain processors, animal feeders, ethanol producers, and other agricultural users; 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.
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