MASTERINVEST Kapitalanlage GmbH acquired a new stake in Union Pacific Corporation (NYSE:UNP – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 21,718 shares of the railroad operator’s stock, valued at approximately $4,997,000.
A number of other hedge funds have also modified their holdings of UNP. CBIZ Investment Advisory Services LLC increased its holdings in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after acquiring an additional 112 shares during the period. Howard Hughes Medical Institute purchased a new position in Union Pacific during the 2nd quarter worth $30,000. Financial Gravity Companies Inc. acquired a new position in Union Pacific in the second quarter valued at $31,000. Access Investment Management LLC purchased a new stake in shares of Union Pacific in the second quarter valued at about $32,000. Finally, WPG Advisers LLC acquired a new stake in shares of Union Pacific during the first quarter worth about $33,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
Union Pacific Stock Up 1.6%
Union Pacific stock opened at $239.90 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a market cap of $142.30 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 2.66 and a beta of 0.99. The stock’s 50 day moving average price is $226.39 and its 200 day moving average price is $225.79.
Union Pacific Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. Union Pacific’s payout ratio is currently 46.90%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on UNP. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and boosted their price target for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Union Pacific in a research note on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, UBS Group set a $253.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $259.54.
Read Our Latest Stock Analysis on UNP
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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