Hosking Partners LLP lessened its stake in Union Pacific Co. (NYSE:UNP) by 19.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,716 shares of the railroad operator’s stock after selling 59,121 shares during the quarter. Union Pacific comprises approximately 1.0% of Hosking Partners LLP’s investment portfolio, making the stock its 28th biggest holding. Hosking Partners LLP’s holdings in Union Pacific were worth $34,104,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Union Pacific by 18,524.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 32,738,808 shares of the railroad operator’s stock valued at $237,000 after purchasing an additional 32,563,028 shares during the last quarter. Matthew Goff Investment Advisor LLC boosted its stake in shares of Union Pacific by 14,067.9% in the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 5,083,714 shares of the railroad operator’s stock valued at $35,882,000 after purchasing an additional 5,047,832 shares during the last quarter. Capital International Investors boosted its stake in shares of Union Pacific by 1,302.7% in the 3rd quarter. Capital International Investors now owns 4,801,143 shares of the railroad operator’s stock valued at $781,770,000 after purchasing an additional 4,458,858 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Union Pacific by 450.0% in the 4th quarter. Jennison Associates LLC now owns 5,134,698 shares of the railroad operator’s stock valued at $709,769,000 after purchasing an additional 4,201,086 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Union Pacific by 17.3% in the 3rd quarter. FMR LLC now owns 14,457,068 shares of the railroad operator’s stock valued at $2,354,044,000 after purchasing an additional 2,136,860 shares during the last quarter. Hedge funds and other institutional investors own 78.71% of the company’s stock.
Several research analysts have recently issued reports on UNP shares. Loop Capital raised their target price on shares of Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a research note on Thursday, January 24th. Deutsche Bank raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research note on Tuesday, November 27th. Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. Royal Bank of Canada raised shares of Union Pacific from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Finally, Seaport Global Securities raised shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Tuesday, January 8th. One equities 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 company. Union Pacific currently has a consensus rating of “Buy” and a consensus price target of $169.39.
Union Pacific stock opened at $165.00 on Friday. 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 P/E ratio of 20.86, a PEG ratio of 1.70 and a beta of 1.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.90.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, January 24th. The railroad operator reported $2.12 earnings per share for the quarter, topping the 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 business had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same quarter last year, the firm earned $1.53 EPS. Union Pacific’s quarterly revenue was up 5.6% compared to the same quarter last year. Analysts expect that Union Pacific Co. will post 9.07 EPS for the current fiscal year.
Union Pacific declared that its board has authorized a stock repurchase program on Thursday, February 7th that permits the company to buyback 150,000,000 outstanding shares. This buyback authorization permits the railroad operator to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be paid a dividend of $0.88 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $3.52 annualized dividend and a yield of 2.13%. Union Pacific’s dividend payout ratio (DPR) is presently 44.50%.
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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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