Bradley Foster & Sargent Inc. CT Lowers Stock Holdings in Union Pacific Corporation $UNP

Bradley Foster & Sargent Inc. CT cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 1.5% in the 3rd quarter, Holdings Channel reports. The fund owned 178,587 shares of the railroad operator’s stock after selling 2,634 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Union Pacific were worth $42,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in UNP. Howard Hughes Medical Institute acquired a new position in shares of Union Pacific in the second quarter valued at approximately $30,000. Financial Gravity Companies Inc. purchased a new position in Union Pacific in the 2nd quarter valued at $31,000. Total Investment Management Inc. acquired a new position in Union Pacific in the 2nd quarter valued at $31,000. Access Investment Management LLC purchased a new position in Union Pacific during the 2nd quarter worth $32,000. Finally, Sagard Holdings Management Inc. purchased a new position in Union Pacific during the 2nd quarter worth $33,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on UNP shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $267.00 target price on shares of Union Pacific in a report on Tuesday, January 27th. TD Cowen lowered their price objective on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. BMO Capital Markets reissued a “market perform” rating and set a $295.00 target price on shares of Union Pacific in a research note on Thursday, February 19th. JPMorgan Chase & Co. reduced their price target on Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Finally, Citigroup reaffirmed a “buy” rating and set a $270.00 price objective (up from $265.00) on shares of Union Pacific in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $260.14.

Union Pacific Price Performance

UNP stock opened at $266.59 on Wednesday. The firm has a 50 day moving average of $240.29 and a 200-day moving average of $230.69. The company has a market cap of $158.19 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.88 and a beta of 0.98. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $267.81.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.91 EPS. As a group, equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. Union Pacific’s dividend payout ratio (DPR) is currently 46.12%.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.