Cullen Investment Group LTD. Sells 15,718 Shares of Union Pacific Corporation $UNP

Cullen Investment Group LTD. lowered its position in shares of Union Pacific Corporation (NYSE:UNP) by 29.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,453 shares of the railroad operator’s stock after selling 15,718 shares during the quarter. Union Pacific comprises approximately 1.1% of Cullen Investment Group LTD.’s portfolio, making the stock its 22nd biggest position. Cullen Investment Group LTD.’s holdings in Union Pacific were worth $8,556,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new position in shares of Union Pacific in the 2nd quarter worth about $1,856,340,000. Capital World Investors grew its holdings in Union Pacific by 193.3% in the third quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock worth $2,477,404,000 after purchasing an additional 6,908,016 shares during the period. Capital Research Global Investors grew its holdings in Union Pacific by 95.0% in the third quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock worth $2,059,538,000 after purchasing an additional 4,244,226 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Union Pacific by 72.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after purchasing an additional 3,861,636 shares in the last quarter. Finally, EdgePoint Investment Group Inc. bought a new position in shares of Union Pacific during the third quarter valued at approximately $408,592,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays reissued an “overweight” rating and issued a $285.00 price target (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. TD Cowen reduced their price objective on Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Robert W. Baird set a $311.00 target price on Union Pacific and gave the stock an “outperform” rating in a report on Friday, March 6th. Evercore raised Union Pacific from an “in-line” rating to an “outperform” rating and set a $262.00 target price on the stock in a research note on Thursday, March 19th. Finally, Royal Bank Of Canada set a $280.00 price target on Union Pacific in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $264.86.

Union Pacific Price Performance

Shares of NYSE UNP opened at $241.77 on Thursday. The firm has a market cap of $143.46 billion, a P/E ratio of 20.20, a PEG ratio of 2.61 and a beta of 0.95. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $268.14. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The company has a 50 day moving average of $247.99 and a 200 day moving average of $234.74.

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

Union Pacific Announces Dividend

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

Union Pacific Profile

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.