Forsta AP Fonden lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 161,200 shares of the railroad operator’s stock after selling 19,000 shares during the quarter. Union Pacific makes up approximately 1.1% of Forsta AP Fonden’s holdings, making the stock its 29th biggest holding. Forsta AP Fonden’s holdings in Union Pacific were worth $22,283,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LSV Asset Management bought a new position in shares of Union Pacific during the third quarter valued at $1,530,000. Edgestream Partners L.P. purchased a new stake in Union Pacific during the third quarter valued at $290,000. MML Investors Services LLC increased its position in Union Pacific by 47.9% during the third quarter. MML Investors Services LLC now owns 31,683 shares of the railroad operator’s stock valued at $5,159,000 after acquiring an additional 10,267 shares during the last quarter. Bowen Hanes & Co. Inc. increased its position in Union Pacific by 0.3% during the third quarter. Bowen Hanes & Co. Inc. now owns 239,106 shares of the railroad operator’s stock valued at $38,934,000 after acquiring an additional 658 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its position in Union Pacific by 0.6% during the third quarter. Commonwealth Bank of Australia now owns 78,462 shares of the railroad operator’s stock valued at $12,770,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 78.71% of the company’s stock.
A number of analysts recently commented on UNP shares. Royal Bank of Canada upgraded Union Pacific from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Zacks Investment Research cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Monday, November 19th. ValuEngine cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Cowen upgraded Union Pacific from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $153.00 to $178.00 in a research report on Tuesday, January 8th. Finally, TD Securities upped their price objective on Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Union Pacific currently has a consensus rating of “Buy” and an average price target of $169.39.
Shares of UNP opened at $165.00 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.90 and a quick ratio of 0.74. The stock has a market capitalization of $119.15 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 1.70 and a beta of 1.11. Union Pacific Co. has a 52 week low of $126.37 and a 52 week high of $172.44.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 24th. The railroad operator reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.06. The business had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.53 earnings per share. As a group, research analysts anticipate that Union Pacific Co. will post 9.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 28th will be given a $0.88 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, February 27th. This represents a $3.52 dividend on an annualized basis and a yield of 2.13%. Union Pacific’s dividend payout ratio is presently 44.50%.
Union Pacific announced that its Board of Directors has approved a share repurchase program on Thursday, February 7th that authorizes the company to repurchase 150,000,000 shares. This repurchase authorization authorizes the railroad operator to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
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Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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