Shares of Union Pacific Co. (NYSE:UNP – Get Rating) have been assigned a consensus recommendation of “Hold” from the twenty-three research firms that are covering the stock, Marketbeat Ratings reports. Twelve analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $248.36.
A number of brokerages have recently issued reports on UNP. Morgan Stanley cut their price target on shares of Union Pacific from $210.00 to $207.00 and set an “equal weight” rating for the company in a report on Friday, July 22nd. Wells Fargo & Company lowered their price objective on shares of Union Pacific from $265.00 to $218.00 and set an “equal weight” rating for the company in a research report on Friday, July 15th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Union Pacific from $260.00 to $232.00 in a research report on Friday, July 22nd. UBS Group cut shares of Union Pacific from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $283.00 to $267.00 in a research report on Friday, April 22nd. Finally, JPMorgan Chase & Co. cut shares of Union Pacific from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $272.00 to $232.00 in a research report on Tuesday, July 12th.
Hedge Funds Weigh In On Union Pacific
Several institutional investors and hedge funds have recently modified their holdings of UNP. BlackRock Inc. increased its position in Union Pacific by 6.4% during the 4th quarter. BlackRock Inc. now owns 45,822,201 shares of the railroad operator’s stock worth $11,543,985,000 after buying an additional 2,776,330 shares during the period. State Street Corp boosted its stake in Union Pacific by 5.2% in the first quarter. State Street Corp now owns 28,864,818 shares of the railroad operator’s stock valued at $7,886,157,000 after buying an additional 1,422,087 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Union Pacific by 1.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 11,222,433 shares of the railroad operator’s stock valued at $3,066,081,000 after buying an additional 166,025 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Union Pacific by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 10,413,195 shares of the railroad operator’s stock valued at $2,616,574,000 after purchasing an additional 170,623 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Union Pacific by 7.5% during the fourth quarter. Deutsche Bank AG now owns 7,030,900 shares of the railroad operator’s stock valued at $1,771,296,000 after purchasing an additional 489,216 shares in the last quarter. 80.26% of the stock is currently owned by institutional investors and hedge funds.
Union Pacific Trading Up 0.6 %
UNP stock opened at $228.62 on Friday. The company’s 50-day simple moving average is $215.49 and its 200-day simple moving average is $234.87. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 2.33. Union Pacific has a 52-week low of $195.68 and a 52-week high of $278.94. The firm has a market cap of $142.77 billion, a P/E ratio of 21.31, a PEG ratio of 1.96 and a beta of 1.15.
Union Pacific (NYSE:UNP – Get Rating) last released its quarterly earnings results on Thursday, July 21st. The railroad operator reported $2.93 earnings per share for the quarter, hitting the consensus estimate of $2.93. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a net margin of 29.23% and a return on equity of 52.00%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.72 EPS. As a group, equities analysts forecast that Union Pacific will post 11.58 EPS for the current fiscal year.
Union Pacific Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be paid a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.27%. Union Pacific’s dividend payout ratio (DPR) is presently 48.46%.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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