Ffcm LLC increased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 23.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,182 shares of the railroad operator’s stock after acquiring an additional 7,788 shares during the quarter. Ffcm LLC’s holdings in Union Pacific were worth $5,523,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Union Pacific by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock valued at $6,698,588,000 after purchasing an additional 1,146,109 shares during the last quarter. BlackRock Inc. boosted its holdings in Union Pacific by 0.3% in the 2nd quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock valued at $5,528,796,000 after purchasing an additional 141,521 shares during the last quarter. FMR LLC boosted its holdings in Union Pacific by 84.6% in the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after purchasing an additional 4,399,980 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Union Pacific by 0.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock valued at $865,659,000 after purchasing an additional 46,298 shares during the last quarter. Finally, Capital World Investors boosted its holdings in Union Pacific by 0.7% in the 2nd quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock valued at $798,093,000 after purchasing an additional 50,000 shares during the last quarter. Hedge funds and other institutional investors own 80.16% of the company’s stock.
UNP has been the topic of several recent analyst reports. UBS Group upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a report on Friday, January 5th. BMO Capital Markets reiterated a “buy” rating and issued a $150.00 target price on shares of Union Pacific in a report on Monday, January 8th. Zacks Investment Research upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Monday, January 15th. Wolfe Research upgraded shares of Union Pacific from a “market perform” rating to an “outperform” rating in a report on Friday, January 5th. Finally, Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a report on Wednesday, February 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $132.37.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.01). Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the previous year, the company earned $1.39 earnings per share. Union Pacific’s quarterly revenue was up 5.5% on a year-over-year basis. analysts predict that Union Pacific Co. will post 7.49 earnings per share for the current year.
The firm also recently announced 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 an increase from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, February 27th. Union Pacific’s dividend payout ratio is presently 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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