Securian Asset Management Inc lifted its position in Union Pacific Co. (NYSE:UNP) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,446 shares of the railroad operator’s stock after purchasing an additional 976 shares during the quarter. Securian Asset Management Inc’s holdings in Union Pacific were worth $10,567,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Winthrop Partners WNY LLC grew its holdings in Union Pacific by 30.6% in the third quarter. Winthrop Partners WNY LLC now owns 7,155 shares of the railroad operator’s stock valued at $1,165,000 after purchasing an additional 1,676 shares during the period. Baldwin Brothers Inc. MA boosted its stake in shares of Union Pacific by 4.5% in the third quarter. Baldwin Brothers Inc. MA now owns 76,173 shares of the railroad operator’s stock worth $12,403,000 after acquiring an additional 3,251 shares during the last quarter. Segment Wealth Management LLC boosted its stake in shares of Union Pacific by 5.9% in the fourth quarter. Segment Wealth Management LLC now owns 32,454 shares of the railroad operator’s stock worth $4,486,000 after acquiring an additional 1,820 shares during the last quarter. Wealthquest Corp acquired a new stake in shares of Union Pacific in the fourth quarter worth approximately $253,000. Finally, Park National Corp OH boosted its stake in shares of Union Pacific by 1.6% in the fourth quarter. Park National Corp OH now owns 32,974 shares of the railroad operator’s stock worth $4,558,000 after acquiring an additional 526 shares during the last quarter. Hedge funds and other institutional investors own 80.67% of the company’s stock.
Shares of UNP stock traded down $0.41 on Thursday, hitting $170.58. The stock had a trading volume of 18,921 shares, compared to its average volume of 4,239,808. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $123.85 billion, a PE ratio of 21.56, a P/E/G ratio of 1.77 and a beta of 1.10. Union Pacific Co. has a 1 year low of $125.31 and a 1 year high of $172.44.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, February 28th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Wednesday, February 27th. This is an increase from Union Pacific’s previous quarterly dividend of $0.80. Union Pacific’s payout ratio is currently 40.46%.
Union Pacific announced that its board has initiated a stock buyback plan on Thursday, February 7th that permits the company to repurchase 150,000,000 outstanding shares. This repurchase authorization permits the railroad operator to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
UNP has been the topic of a number of research analyst reports. Loop Capital lifted their price target on Union Pacific from $188.00 to $193.00 and gave the stock a “positive” rating in a research note on Thursday, January 24th. Deutsche Bank upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research report on Tuesday, November 27th. Zacks Investment Research downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Monday, November 19th. Royal Bank of Canada upgraded Union Pacific from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Finally, Seaport Global Securities upgraded Union Pacific from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $169.39.
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Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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