Garrison Point Advisors LLC purchased a new position in Union Pacific Co. (NYSE:UNP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,860 shares of the railroad operator’s stock, valued at approximately $1,225,000. Union Pacific makes up 1.5% of Garrison Point Advisors LLC’s portfolio, making the stock its 18th largest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clearstead Advisors LLC boosted its position in shares of Union Pacific by 29.3% during the fourth quarter. Clearstead Advisors LLC now owns 4,362 shares of the railroad operator’s stock valued at $603,000 after buying an additional 988 shares during the period. Halbert Hargrove Russell LLC boosted its position in shares of Union Pacific by 5.9% during the fourth quarter. Halbert Hargrove Russell LLC now owns 1,519 shares of the railroad operator’s stock valued at $210,000 after buying an additional 84 shares during the period. Linscomb & Williams Inc. boosted its position in shares of Union Pacific by 6.4% during the fourth quarter. Linscomb & Williams Inc. now owns 7,559 shares of the railroad operator’s stock valued at $1,045,000 after buying an additional 457 shares during the period. ETRADE Capital Management LLC boosted its position in shares of Union Pacific by 0.9% during the fourth quarter. ETRADE Capital Management LLC now owns 34,254 shares of the railroad operator’s stock valued at $4,735,000 after buying an additional 307 shares during the period. Finally, Highstreet Asset Management Inc. boosted its position in shares of Union Pacific by 6.8% during the fourth quarter. Highstreet Asset Management Inc. now owns 24,440 shares of the railroad operator’s stock valued at $3,378,000 after buying an additional 1,563 shares during the period. Institutional investors own 78.71% of the company’s stock.
Union Pacific stock opened at $165.00 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 1.02. Union Pacific Co. has a fifty-two week low of $126.37 and a fifty-two week high of $172.44. The company has a market cap of $119.15 billion, a PE ratio of 20.86, a P/E/G ratio of 1.70 and a beta of 1.11.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 24th. The railroad operator reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.06. Union Pacific had a net margin of 26.13% and a return on equity of 27.95%. The firm had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the previous year, the firm posted $1.53 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts predict that Union Pacific Co. will post 9.07 EPS for the current year.
Union Pacific announced that its board has authorized a stock buyback plan on Thursday, February 7th that authorizes the company to buyback 150,000,000 shares. This buyback authorization authorizes the railroad operator to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Wednesday, February 27th. This is an increase from Union Pacific’s previous quarterly dividend of $0.80. Union Pacific’s payout ratio is currently 44.50%.
UNP has been the subject of several recent analyst reports. Zacks Investment Research lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Monday, November 19th. Deutsche Bank upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Tuesday, November 27th. Credit Suisse Group dropped their target price on Union Pacific from $190.00 to $166.00 and set an “outperform” rating for the company in a research report on Monday, January 7th. Scotiabank upgraded Union Pacific from a “sector perform” rating to an “outperform” rating and dropped their target price for the company from $175.00 to $165.00 in a research report on Monday, January 7th. Finally, Royal Bank of Canada upgraded Union Pacific from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $169.39.
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Union Pacific 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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