Segment Wealth Management LLC boosted its stake in shares of Union Pacific Co. (NYSE:UNP) by 5.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 32,454 shares of the railroad operator’s stock after buying an additional 1,820 shares during the period. Union Pacific makes up approximately 1.1% of Segment Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Segment Wealth Management LLC’s holdings in Union Pacific were worth $4,486,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Gradient Investments LLC raised its holdings in shares of Union Pacific by 117.1% in the fourth quarter. Gradient Investments LLC now owns 241 shares of the railroad operator’s stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. Tributary Capital Management LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at approximately $42,000. Contravisory Investment Management Inc. raised its holdings in shares of Union Pacific by 186.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 369 shares of the railroad operator’s stock valued at $51,000 after purchasing an additional 240 shares during the last quarter. Cascade Investment Advisors Inc. raised its holdings in shares of Union Pacific by 100.0% in the fourth quarter. Cascade Investment Advisors Inc. now owns 400 shares of the railroad operator’s stock valued at $55,000 after purchasing an additional 200 shares during the last quarter. Finally, CX Institutional raised its holdings in shares of Union Pacific by 793.1% in the fourth quarter. CX Institutional now owns 518 shares of the railroad operator’s stock valued at $72,000 after purchasing an additional 460 shares during the last quarter. Hedge funds and other institutional investors own 83.30% of the company’s stock.
NYSE:UNP opened at $167.05 on Wednesday. Union Pacific Co. has a 1-year low of $125.31 and a 1-year high of $168.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market capitalization of $121.09 billion, a P/E ratio of 21.12, a PEG ratio of 1.67 and a beta of 1.10.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, January 24th. The railroad operator reported $2.12 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.73 billion. During the same period last year, the business earned $1.53 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Union Pacific Co. will post 9.1 EPS for the current year.
Union Pacific declared that its board has approved a share buyback program on Thursday, February 7th that authorizes the company to buyback 150,000,000 shares. This buyback authorization authorizes the railroad operator to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This is a boost from Union Pacific’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a dividend yield of 2.11%. Union Pacific’s dividend payout ratio (DPR) is currently 40.46%.
A number of analysts have recently issued reports on the stock. TD Securities lifted their price objective on shares of Union Pacific from $155.00 to $170.00 and gave the company a “hold” rating in a report on Friday, January 25th. Argus lifted their price objective on shares of Union Pacific to $175.00 and gave the company a “positive” rating in a report on Friday, January 25th. Cowen reiterated a “buy” rating on shares of Union Pacific in a report on Thursday, January 24th. Loop Capital lifted their price objective on shares of Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a report on Thursday, January 24th. Finally, Credit Suisse Group lifted their price objective on shares of Union Pacific from $166.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $169.39.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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