Buckley Wealth Management LLC purchased a new stake in shares of Union Pacific Co. (NYSE:UNP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 21,467 shares of the railroad operator’s stock, valued at approximately $2,879,000. Union Pacific comprises 1.4% of Buckley Wealth Management LLC’s portfolio, making the stock its 19th biggest position.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Clinton Group Inc. grew its holdings in Union Pacific by 82.0% during the second quarter. Clinton Group Inc. now owns 25,117 shares of the railroad operator’s stock valued at $2,735,000 after purchasing an additional 11,313 shares during the period. Dempze Nancy E grew its holdings in Union Pacific by 46.6% during the fourth quarter. Dempze Nancy E now owns 3,460 shares of the railroad operator’s stock valued at $465,000 after purchasing an additional 1,100 shares during the period. Prudential Financial Inc. grew its holdings in Union Pacific by 12.2% during the third quarter. Prudential Financial Inc. now owns 2,562,570 shares of the railroad operator’s stock valued at $297,180,000 after purchasing an additional 277,810 shares during the period. Crossmark Global Holdings Inc. bought a new position in Union Pacific during the third quarter valued at $9,954,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Union Pacific by 32.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 107,266 shares of the railroad operator’s stock valued at $11,683,000 after purchasing an additional 26,104 shares during the period. 80.16% of the stock is owned by institutional investors.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Cowen reaffirmed a “market perform” rating and issued a $139.00 price target (down from $140.00) on shares of Union Pacific in a report on Wednesday, February 28th. Citigroup raised Union Pacific from a “neutral” rating to a “buy” rating in a report on Wednesday, February 14th. Argus raised their price target on Union Pacific from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Morgan Stanley raised their price target on Union Pacific from $105.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $131.50.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, January 25th. The railroad operator reported $1.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.44 billion. Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. Union Pacific’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 EPS. equities analysts expect that Union Pacific Co. will post 7.49 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.73 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, February 27th. This represents a $2.92 annualized dividend and a yield of 2.14%. Union Pacific’s dividend payout ratio (DPR) is currently 48.18%.
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Union Pacific Profile
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.
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