Hodges Capital Management Inc. Has $619,000 Position in Union Pacific Corporation $UNP

Hodges Capital Management Inc. lowered its holdings in Union Pacific Corporation (NYSE:UNP) by 68.9% in the third quarter, Holdings Channel.com reports. The firm owned 2,619 shares of the railroad operator’s stock after selling 5,810 shares during the period. Hodges Capital Management Inc.’s holdings in Union Pacific were worth $619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Howard Hughes Medical Institute acquired a new position in shares of Union Pacific in the 2nd quarter valued at about $30,000. Total Investment Management Inc. purchased a new position in Union Pacific during the second quarter valued at approximately $31,000. Financial Gravity Companies Inc. acquired a new position in Union Pacific in the 2nd quarter valued at approximately $31,000. Access Investment Management LLC purchased a new stake in Union Pacific in the 2nd quarter worth approximately $32,000. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Union Pacific during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UNP. Royal Bank Of Canada set a $280.00 price objective on Union Pacific in a report on Thursday, December 18th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, January 27th. Weiss Ratings raised Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. Barclays reaffirmed an “overweight” rating and set a $285.00 price objective (up previously from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. Finally, Susquehanna reissued a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $258.32.

Union Pacific Stock Up 0.7%

UNP opened at $264.67 on Thursday. The firm has a market cap of $157.05 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. The business has a 50 day moving average price of $238.15 and a 200 day moving average price of $229.47. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $265.37.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same period in the prior year, the business earned $2.91 EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, February 27th. Union Pacific’s dividend payout ratio is 46.12%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.