Rehmann Capital Advisory Group Grows Position in Union Pacific Co. (UNP)

Rehmann Capital Advisory Group lifted its holdings in Union Pacific Co. (NYSE:UNP) by 2.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,981 shares of the railroad operator’s stock after acquiring an additional 125 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Union Pacific were worth $811,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Morgan Stanley grew its stake in shares of Union Pacific by 5.7% in the third quarter. Morgan Stanley now owns 15,894,983 shares of the railroad operator’s stock valued at $2,588,181,000 after acquiring an additional 859,164 shares in the last quarter. FMR LLC grew its stake in shares of Union Pacific by 17.3% in the third quarter. FMR LLC now owns 14,457,068 shares of the railroad operator’s stock valued at $2,354,044,000 after acquiring an additional 2,136,860 shares in the last quarter. Capital World Investors grew its stake in shares of Union Pacific by 11.8% in the third quarter. Capital World Investors now owns 10,469,634 shares of the railroad operator’s stock valued at $1,704,771,000 after acquiring an additional 1,107,379 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Union Pacific by 55.7% in the second quarter. Janus Henderson Group PLC now owns 5,526,282 shares of the railroad operator’s stock valued at $782,980,000 after acquiring an additional 1,977,446 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Union Pacific by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,110,636 shares of the railroad operator’s stock valued at $724,075,000 after acquiring an additional 91,243 shares in the last quarter. Institutional investors and hedge funds own 79.42% of the company’s stock.

UNP has been the topic of several research reports. Credit Suisse Group upped their price target on shares of Union Pacific from $167.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, September 20th. Zacks Investment Research downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. Morgan Stanley upped their price target on shares of Union Pacific from $140.00 to $141.00 and gave the company a “hold” rating in a research note on Tuesday, October 9th. Bank of America upped their price target on shares of Union Pacific from $175.00 to $177.00 and gave the company a “buy” rating in a research note on Monday, October 1st. Finally, BMO Capital Markets upped their price target on shares of Union Pacific to $180.00 and gave the company an “outperform” rating in a research note on Thursday, September 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $165.24.

UNP opened at $147.45 on Friday. Union Pacific Co. has a twelve month low of $121.22 and a twelve month high of $165.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.06 and a quick ratio of 0.89. The stock has a market cap of $111.76 billion, a P/E ratio of 25.47, a PEG ratio of 1.81 and a beta of 0.94.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 25th. The railroad operator reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.05. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. The business had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same quarter in the prior year, the business posted $1.50 earnings per share. As a group, analysts anticipate that Union Pacific Co. will post 7.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, November 29th. This represents a $3.20 annualized dividend and a yield of 2.17%. Union Pacific’s dividend payout ratio is 55.27%.

In related news, EVP Robert M. Knight, Jr. sold 20,000 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the completion of the sale, the executive vice president now owns 106,518 shares of the company’s stock, valued at $17,448,713.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

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Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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

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