James Hambro & Partners LLP boosted its stake in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 382,992 shares of the railroad operator’s stock after buying an additional 7,068 shares during the period. Union Pacific accounts for 3.8% of James Hambro & Partners LLP’s investment portfolio, making the stock its 17th largest position. James Hambro & Partners LLP owned 0.06% of Union Pacific worth $90,474,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Union Pacific in the fourth quarter valued at $1,927,377,000. Raymond James Financial Inc. purchased a new stake in Union Pacific in the fourth quarter valued at $1,035,905,000. GAMMA Investing LLC raised its position in Union Pacific by 27,502.8% in the first quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator’s stock valued at $588,510,000 after purchasing an additional 2,482,126 shares during the period. Geode Capital Management LLC raised its position in Union Pacific by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator’s stock valued at $3,282,305,000 after purchasing an additional 1,616,895 shares during the period. Finally, Capital Research Global Investors raised its position in Union Pacific by 14.3% in the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator’s stock valued at $2,370,559,000 after purchasing an additional 1,298,178 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.
Union Pacific Stock Performance
Shares of UNP opened at $223.17 on Friday. The stock has a 50 day moving average price of $220.90 and a 200 day moving average price of $231.55. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $133.34 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a 52-week low of $204.66 and a 52-week high of $258.07.
Union Pacific Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.40%. Union Pacific’s dividend payout ratio (DPR) is presently 48.29%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on UNP. The Goldman Sachs Group reiterated a “neutral” rating and issued a $263.00 price objective on shares of Union Pacific in a report on Monday, June 2nd. UBS Group cut their price objective on Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Raymond James reiterated a “strong-buy” rating on shares of Union Pacific in a report on Friday, April 25th. Redburn Atlantic upgraded Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 price objective on the stock in a report on Wednesday, April 16th. Finally, Jefferies Financial Group cut their price objective on Union Pacific from $255.00 to $230.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.74.
Check Out Our Latest Report on Union Pacific
About Union Pacific
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, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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