Associated Banc Corp increased its stake in Union Pacific Co. (NYSE:UNP) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 123,170 shares of the railroad operator’s stock after purchasing an additional 2,209 shares during the quarter. Associated Banc Corp’s holdings in Union Pacific were worth $16,517,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Acropolis Investment Management LLC purchased a new position in shares of Union Pacific during the fourth quarter valued at about $107,000. Acrospire Investment Management LLC grew its position in shares of Union Pacific by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock valued at $131,000 after purchasing an additional 300 shares in the last quarter. Exane Derivatives grew its position in shares of Union Pacific by 55,600.0% during the fourth quarter. Exane Derivatives now owns 1,114 shares of the railroad operator’s stock valued at $149,000 after purchasing an additional 1,112 shares in the last quarter. Jacobi Capital Management LLC grew its position in shares of Union Pacific by 6.6% during the second quarter. Jacobi Capital Management LLC now owns 1,705 shares of the railroad operator’s stock valued at $185,000 after purchasing an additional 105 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Union Pacific during the fourth quarter valued at about $200,000. 80.16% of the stock is currently owned by institutional investors.
Shares of Union Pacific Co. (NYSE:UNP) opened at $136.66 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.02 and a quick ratio of 0.83. The stock has a market cap of $106,500.00, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.72 and a beta of 0.83. Union Pacific Co. has a 12 month low of $101.06 and a 12 month high of $143.05.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be paid a $0.73 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.92 annualized dividend and a yield of 2.14%. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. Union Pacific’s dividend payout ratio (DPR) is presently 48.18%.
A number of brokerages have recently weighed in on UNP. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a research report on Monday, January 15th. Scotiabank set a $150.00 price objective on Union Pacific and gave the company a “hold” rating in a research report on Thursday, January 11th. Daiwa Capital Markets upgraded Union Pacific from a “hold” rating to an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets restated a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a research report on Monday, January 8th. Finally, UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $131.50.
TRADEMARK VIOLATION NOTICE: This report was posted by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/03/13/associated-banc-corp-buys-2209-shares-of-union-pacific-co-unp.html.
About Union Pacific
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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.