Candriam Luxembourg S.C.A. increased its holdings in Union Pacific Co. (NYSE:UNP) by 132.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,170 shares of the railroad operator’s stock after acquiring an additional 98,574 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Union Pacific were worth $20,083,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. OMERS ADMINISTRATION Corp lifted its position in Union Pacific by 15.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock valued at $109,803,000 after buying an additional 134,950 shares during the period. Community Bank N.A. lifted its position in Union Pacific by 3.0% during the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock valued at $168,000 after buying an additional 45 shares during the period. Northeast Investment Management lifted its position in Union Pacific by 2.8% during the second quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock valued at $30,305,000 after buying an additional 7,663 shares during the period. Barings LLC lifted its position in Union Pacific by 357.1% during the first quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock valued at $5,104,000 after buying an additional 37,643 shares during the period. Finally, Greystone Managed Investments Inc. lifted its position in Union Pacific by 8.9% during the second quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock valued at $9,161,000 after buying an additional 6,890 shares during the period. 78.43% of the stock is owned by institutional investors.
UNP has been the subject of several recent research reports. Goldman Sachs Group initiated coverage on Union Pacific in a research report on Monday, November 13th. They set a “sell” rating and a $103.00 price objective for the company. Morgan Stanley raised their price objective on Union Pacific from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 31st. UBS Group raised their price objective on Union Pacific from $115.00 to $126.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Off Wall Street initiated coverage on Union Pacific in a research report on Tuesday, October 17th. They set a “sell” rating for the company. Finally, Argus raised their price objective on Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the stock. Union Pacific currently has a consensus rating of “Hold” and a consensus target price of $120.00.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, topping the consensus estimate of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the company earned $1.36 EPS. Union Pacific’s revenue for the quarter was up 4.5% on a year-over-year basis. analysts predict that Union Pacific Co. will post 5.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were issued a $0.665 dividend. This represents a $2.66 annualized dividend and a yield of 1.96%. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date was Wednesday, November 29th. Union Pacific’s dividend payout ratio (DPR) is presently 47.08%.
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About Union Pacific
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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