Cohen & Steers Inc. Grows Stake in Union Pacific Co. (NYSE:UNP)

Cohen & Steers Inc. grew its position in Union Pacific Co. (NYSE:UNPGet Rating) by 15,497.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,232 shares of the railroad operator’s stock after purchasing an additional 28,051 shares during the quarter. Cohen & Steers Inc.’s holdings in Union Pacific were worth $7,713,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ford Financial Group LLC grew its holdings in Union Pacific by 2.5% in the first quarter. Ford Financial Group LLC now owns 1,704 shares of the railroad operator’s stock worth $465,000 after purchasing an additional 41 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in Union Pacific by 0.5% in the first quarter. Koshinski Asset Management Inc. now owns 8,007 shares of the railroad operator’s stock worth $2,188,000 after purchasing an additional 41 shares during the last quarter. Sargent Investment Group LLC grew its holdings in Union Pacific by 1.3% in the first quarter. Sargent Investment Group LLC now owns 3,432 shares of the railroad operator’s stock worth $938,000 after purchasing an additional 44 shares during the last quarter. Gilman Hill Asset Management LLC grew its holdings in shares of Union Pacific by 1.0% during the first quarter. Gilman Hill Asset Management LLC now owns 4,671 shares of the railroad operator’s stock valued at $1,276,000 after buying an additional 45 shares during the last quarter. Finally, Montecito Bank & Trust grew its holdings in shares of Union Pacific by 0.4% during the first quarter. Montecito Bank & Trust now owns 10,227 shares of the railroad operator’s stock valued at $2,794,000 after buying an additional 45 shares during the last quarter. 77.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UNP. Raymond James dropped their price objective on shares of Union Pacific from $285.00 to $250.00 and set a “strong-buy” rating on the stock in a report on Friday, July 8th. Susquehanna lowered shares of Union Pacific from a “positive” rating to a “neutral” rating and set a $235.00 price objective on the stock. in a report on Wednesday, July 6th. They noted that the move was a valuation call. Credit Suisse Group dropped their price objective on shares of Union Pacific to $252.00 in a report on Friday, July 22nd. Daiwa Capital Markets lowered shares of Union Pacific from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $235.00 to $242.00 in a report on Friday, August 26th. They noted that the move was a valuation call. Finally, Evercore ISI dropped their price objective on shares of Union Pacific from $245.00 to $236.00 and set an “in-line” rating on the stock in a report on Tuesday, July 12th. Twelve investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $248.09.

Union Pacific Trading Up 0.7 %

Shares of Union Pacific stock opened at $231.88 on Friday. The firm has a 50-day simple moving average of $224.57 and a two-hundred day simple moving average of $232.68. The company has a market cap of $144.80 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 2.01 and a beta of 1.14. Union Pacific Co. has a fifty-two week low of $195.68 and a fifty-two week high of $278.94. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.53 and a current ratio of 0.66.

Union Pacific (NYSE:UNPGet Rating) last issued its quarterly earnings data on Thursday, July 21st. The railroad operator reported $2.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.93. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a net margin of 29.23% and a return on equity of 52.00%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.72 earnings per share. As a group, equities analysts predict that Union Pacific Co. will post 11.55 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.24%. Union Pacific’s dividend payout ratio is currently 48.46%.

About Union Pacific

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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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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