Union Pacific Co. (NYSE:UNP) Stock Position Cut by Orrstown Financial Services Inc.
Orrstown Financial Services Inc. cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,401 shares of the railroad operator’s stock after selling 196 shares during the quarter. Union Pacific makes up approximately 2.0% of Orrstown Financial Services Inc.’s holdings, making the stock its 10th largest holding. Orrstown Financial Services Inc.’s holdings in Union Pacific were worth $1,333,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of UNP. FMR LLC increased its holdings in Union Pacific by 9.0% during the 2nd quarter. FMR LLC now owns 9,885,795 shares of the railroad operator’s stock worth $1,671,391,000 after purchasing an additional 816,580 shares during the last quarter. Standard Life Aberdeen plc grew its stake in shares of Union Pacific by 173.0% in the 3rd quarter. Standard Life Aberdeen plc now owns 1,242,983 shares of the railroad operator’s stock valued at $244,706,000 after buying an additional 787,737 shares during the period. First Trust Advisors LP grew its stake in shares of Union Pacific by 250.1% in the 3rd quarter. First Trust Advisors LP now owns 1,098,954 shares of the railroad operator’s stock valued at $216,351,000 after buying an additional 785,022 shares during the period. Jennison Associates LLC grew its stake in shares of Union Pacific by 13.7% in the 3rd quarter. Jennison Associates LLC now owns 5,397,596 shares of the railroad operator’s stock valued at $1,062,625,000 after buying an additional 652,275 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Union Pacific by 40.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,954,705 shares of the railroad operator’s stock valued at $384,725,000 after buying an additional 565,657 shares during the period. Institutional investors own 78.16% of the company’s stock.
Several analysts have recently commented on UNP shares. BMO Capital Markets raised their target price on Union Pacific from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday. Sanford C. Bernstein upgraded Union Pacific from a “market perform” rating to an “outperform” rating in a research note on Monday. TD Securities raised their target price on Union Pacific from $225.00 to $230.00 and gave the company a “hold” rating in a research note on Monday. Bank of America raised their price target on shares of Union Pacific from $198.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Union Pacific from $220.00 to $239.00 and gave the company a “buy” rating in a research report on Monday, November 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $199.38.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $2.01 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.05). Union Pacific had a net margin of 27.54% and a return on equity of 32.45%. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.97 billion. During the same quarter in the prior year, the firm posted $2.22 earnings per share. The firm’s quarterly revenue was down 10.8% on a year-over-year basis. On average, research analysts anticipate that Union Pacific Co. will post 7.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 30th. Investors of record on Monday, November 30th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, November 27th. This represents a $3.88 dividend on an annualized basis and a yield of 1.79%. Union Pacific’s dividend payout ratio is 46.30%.
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 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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