Rockefeller Capital Management L.P. Raises Holdings in Union Pacific Co. (NYSE:UNP)

Rockefeller Capital Management L.P. raised its stake in Union Pacific Co. (NYSE:UNP) by 4.1% during the third quarter, Holdings Channel.com reports. The firm owned 347,965 shares of the railroad operator’s stock after purchasing an additional 13,787 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Union Pacific were worth $85,766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new position in Union Pacific in the second quarter valued at $28,000. Financial Gravity Asset Management Inc. lifted its holdings in Union Pacific by 3,250.0% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after buying an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Union Pacific during the 3rd quarter worth about $30,000. Finally, Fairscale Capital LLC purchased a new position in shares of Union Pacific in the 2nd quarter valued at about $31,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Trading Down 0.2 %

Shares of Union Pacific stock opened at $245.23 on Friday. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The business has a 50 day moving average price of $240.13 and a 200 day moving average price of $238.56. The company has a market capitalization of $148.67 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.43 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $2.51 earnings per share. Sell-side analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.19%. Union Pacific’s dividend payout ratio is currently 49.22%.

Analyst Ratings Changes

Several equities analysts have commented on UNP shares. Susquehanna dropped their price target on shares of Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Bank of America reduced their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Benchmark reiterated a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Finally, Sanford C. Bernstein lowered their price objective on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Company Profile

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.