Bowen Hanes & Co. Inc. Grows Stock Holdings in Union Pacific Corporation $UNP

Bowen Hanes & Co. Inc. grew its position in Union Pacific Corporation (NYSE:UNP) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,728 shares of the railroad operator’s stock after buying an additional 2,770 shares during the quarter. Union Pacific accounts for 1.8% of Bowen Hanes & Co. Inc.’s holdings, making the stock its 22nd largest holding. Bowen Hanes & Co. Inc. owned approximately 0.05% of Union Pacific worth $72,265,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC increased its stake in Union Pacific by 2.0% during the third quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock worth $532,000 after purchasing an additional 45 shares during the period. Hanson & Doremus Investment Management increased its stake in Union Pacific by 2.5% during the 3rd quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock worth $444,000 after buying an additional 46 shares during the period. Silver Oak Securities Incorporated lifted its holdings in Union Pacific by 4.5% during the 3rd quarter. Silver Oak Securities Incorporated now owns 1,065 shares of the railroad operator’s stock worth $252,000 after buying an additional 46 shares in the last quarter. CFO4Life Group LLC boosted its position in Union Pacific by 1.2% in the 3rd quarter. CFO4Life Group LLC now owns 3,754 shares of the railroad operator’s stock valued at $887,000 after buying an additional 46 shares during the period. Finally, TCV Trust & Wealth Management Inc. grew its stake in shares of Union Pacific by 0.7% in the third quarter. TCV Trust & Wealth Management Inc. now owns 6,729 shares of the railroad operator’s stock worth $1,591,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $295.00 price target on shares of Union Pacific in a research report on Thursday. Weiss Ratings raised Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Royal Bank Of Canada set a $280.00 target price on shares of Union Pacific in a research note on Thursday, December 18th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $267.00 price target on shares of Union Pacific in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.14.

Union Pacific Trading Up 1.3%

UNP opened at $266.34 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. Union Pacific Corporation has a one year low of $204.66 and a one year high of $267.17. The company has a market cap of $158.04 billion, a P/E ratio of 22.25, a PEG ratio of 2.90 and a beta of 0.98. The business’s 50-day simple moving average is $239.22 and its 200-day simple moving average is $230.06.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $2.91 earnings per share. As a group, equities research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, February 27th. Union Pacific’s dividend payout ratio (DPR) is currently 46.12%.

Union Pacific 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.