Union Pacific Corporation $UNP Holdings Boosted by DAVENPORT & Co LLC

DAVENPORT & Co LLC raised its stake in Union Pacific Corporation (NYSE:UNP) by 56.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 490,409 shares of the railroad operator’s stock after acquiring an additional 177,300 shares during the period. DAVENPORT & Co LLC owned 0.08% of Union Pacific worth $113,651,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Caitlin John LLC acquired a new position in Union Pacific during the 3rd quarter valued at approximately $27,000. Saranac Partners Ltd acquired a new stake in Union Pacific in the third quarter worth $27,000. Howard Hughes Medical Institute acquired a new stake in Union Pacific in the second quarter worth $30,000. Total Investment Management Inc. bought a new stake in Union Pacific in the second quarter valued at $31,000. Finally, Sagard Holdings Management Inc. bought a new stake in Union Pacific in the second quarter valued at $33,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Up 0.6%

Union Pacific stock opened at $239.69 on Wednesday. The stock has a market cap of $142.23 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.60 and a beta of 0.95. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64. The company’s 50-day moving average price is $247.70 and its two-hundred day moving average price is $234.69. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $268.14.

Union Pacific (NYSE:UNP) last issued 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 company 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 company’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $2.91 earnings per share. On average, analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.3%. Union Pacific’s payout ratio is presently 46.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UNP. Weiss Ratings upgraded shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Citigroup reiterated a “buy” rating and issued a $270.00 price objective (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. The Goldman Sachs Group reissued a “neutral” rating and set a $267.00 target price on shares of Union Pacific in a research note on Tuesday, January 27th. Barclays restated an “overweight” rating and issued a $285.00 target price (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. Finally, Susquehanna restated a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.86.

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.