Fulton Breakefield Broenniman LLC Sells 2,995 Shares of Union Pacific Corporation $UNP

Fulton Breakefield Broenniman LLC trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 4.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 62,425 shares of the railroad operator’s stock after selling 2,995 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Union Pacific were worth $14,755,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new position in Union Pacific during the 2nd quarter valued at approximately $1,856,340,000. Fisher Asset Management LLC grew its stake in shares of Union Pacific by 0.7% in the second quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock worth $1,472,217,000 after acquiring an additional 46,436 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Union Pacific by 1.7% during the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after acquiring an additional 86,292 shares in the last quarter. Amundi raised its position in shares of Union Pacific by 35.6% in the 2nd quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock worth $1,134,236,000 after purchasing an additional 1,255,231 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Price Performance

Shares of UNP opened at $233.23 on Friday. The firm has a fifty day simple moving average of $227.71 and a two-hundred day simple moving average of $226.71. The firm has a market cap of $138.34 billion, a PE ratio of 19.82, a P/E/G ratio of 2.73 and a beta of 0.99. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same period last year, the business posted $2.75 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, December 5th. Union Pacific’s payout ratio is currently 46.90%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays restated an “overweight” rating and set a $285.00 price objective (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. Citigroup raised their price target on shares of Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, October 24th. TD Cowen decreased their price objective on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a report on Friday, October 24th. Royal Bank Of Canada set a $280.00 target price on Union Pacific in a research note on Thursday, December 18th. Finally, Susquehanna reissued a “positive” rating and issued a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.33.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.