FTB Advisors Inc. grew its holdings in Union Pacific Co. (NYSE:UNP) by 2.1% in the fourth quarter, HoldingsChannel reports. The firm owned 69,603 shares of the railroad operator’s stock after buying an additional 1,462 shares during the quarter. Union Pacific accounts for about 0.9% of FTB Advisors Inc.’s portfolio, making the stock its 28th biggest position. FTB Advisors Inc.’s holdings in Union Pacific were worth $9,438,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Union Pacific by 586.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 987,104 shares of the railroad operator’s stock worth $132,372,000 after acquiring an additional 843,327 shares during the period. Lourd Capital LLC grew its holdings in shares of Union Pacific by 30.5% in the fourth quarter. Lourd Capital LLC now owns 2,334 shares of the railroad operator’s stock worth $313,000 after acquiring an additional 545 shares during the period. Jennison Associates LLC grew its holdings in shares of Union Pacific by 2.1% in the fourth quarter. Jennison Associates LLC now owns 1,022,596 shares of the railroad operator’s stock worth $137,130,000 after acquiring an additional 20,919 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Union Pacific in the fourth quarter worth $200,000. Finally, Harbour Capital Advisors LLC grew its holdings in shares of Union Pacific by 4.9% in the fourth quarter. Harbour Capital Advisors LLC now owns 10,882 shares of the railroad operator’s stock worth $1,459,000 after acquiring an additional 510 shares during the period. 78.41% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on the company. Argus lifted their price objective on Union Pacific from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Citigroup raised Union Pacific from a “neutral” rating to a “buy” rating in a report on Wednesday, February 14th. Robert W. Baird reaffirmed a “hold” rating on shares of Union Pacific in a report on Friday, January 26th. Morgan Stanley lifted their price objective on Union Pacific from $105.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Finally, Scotiabank reaffirmed a “hold” rating and issued a $148.00 price objective on shares of Union Pacific in a report on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $130.40.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, January 25th. The railroad operator reported $1.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). Union Pacific had a net margin of 50.43% and a return on equity of 22.26%. The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. Union Pacific’s revenue was up 5.5% on a year-over-year basis. sell-side analysts predict that Union Pacific Co. will post 7.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 2.17%. This is an increase from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date is Tuesday, February 27th. Union Pacific’s payout ratio is presently 44.56%.
Union Pacific Company Profile
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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