Union Pacific Corporation $UNP Stock: Lmcg Investments LLC Raises Position

Lmcg Investments LLC increased its position in Union Pacific Corporation (NYSE:UNP) by 12.1% in the third quarter, HoldingsChannel reports. The firm owned 39,645 shares of the railroad operator’s stock after acquiring an additional 4,286 shares during the period. Lmcg Investments LLC’s holdings in Union Pacific were worth $10,789,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diligent Investors LLC grew its position in Union Pacific by 18.9% during the 3rd quarter. Diligent Investors LLC now owns 2,179 shares of the railroad operator’s stock worth $593,000 after purchasing an additional 347 shares in the last quarter. Magnus Financial Group LLC raised its stake in Union Pacific by 0.7% during the 3rd quarter. Magnus Financial Group LLC now owns 6,358 shares of the railroad operator’s stock valued at $1,730,000 after purchasing an additional 47 shares during the period. Kings Path Partners LLC acquired a new stake in Union Pacific during the 3rd quarter valued at $40,000. Sowell Financial Services LLC lifted its holdings in shares of Union Pacific by 9.4% in the third quarter. Sowell Financial Services LLC now owns 7,847 shares of the railroad operator’s stock valued at $2,135,000 after purchasing an additional 676 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Union Pacific by 0.4% in the third quarter. Quadrant Capital Group LLC now owns 26,268 shares of the railroad operator’s stock valued at $7,417,000 after purchasing an additional 117 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Trading Up 0.1%

Union Pacific stock opened at $287.85 on Thursday. The company’s fifty day simple moving average is $287.41 and its 200-day simple moving average is $277.80. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 12 month low of $215.53 and a 12 month high of $315.99. The stock has a market cap of $171.01 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.86 and a beta of 0.95.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the business posted $3.03 earnings per share. Union Pacific’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Union Pacific Corporation will post 13.05 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, August 31st were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. Union Pacific’s payout ratio is 45.99%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UNP. The Goldman Sachs Group set a $317.00 target price on Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Bank of America lifted their price target on Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Benchmark upped their price target on Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Royal Bank Of Canada set a $326.00 price target on Union Pacific in a research report on Thursday, September 24th. Finally, Susquehanna reduced their price objective on Union Pacific from $345.00 to $333.00 and set a “positive” rating for the company in a research note on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $325.00.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.