Hohimer Wealth Management LLC Increases Holdings in Union Pacific Co. (NYSE:UNP)

Hohimer Wealth Management LLC grew its stake in Union Pacific Co. (NYSE:UNP) by 12.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,505 shares of the railroad operator’s stock after acquiring an additional 164 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Union Pacific were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp grew its position in Union Pacific by 0.9% during the 3rd quarter. State Street Corp now owns 24,788,337 shares of the railroad operator’s stock valued at $6,109,829,000 after purchasing an additional 217,780 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Union Pacific by 1.4% in the third quarter. Geode Capital Management LLC now owns 12,813,686 shares of the railroad operator’s stock worth $3,146,451,000 after buying an additional 182,620 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Union Pacific by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after acquiring an additional 106,996 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Union Pacific by 2.3% during the third quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator’s stock valued at $1,549,271,000 after acquiring an additional 143,896 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock worth $1,350,924,000 after acquiring an additional 124,571 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of UNP opened at $237.17 on Wednesday. The business has a 50-day simple moving average of $238.96 and a two-hundred day simple moving average of $238.29. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The stock has a market cap of $143.78 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 2.31 and a beta of 1.05.

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

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a dividend of $1.34 per share. The ex-dividend date is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a yield of 2.26%. Union Pacific’s dividend payout ratio is presently 49.22%.

Analyst Ratings Changes

A number of research firms have commented on UNP. Benchmark reissued a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a report on Friday, October 25th. BMO Capital Markets dropped their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Stifel Nicolaus reduced their price target on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company lowered their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Barclays lifted their target price on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $259.80.

Union Pacific 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.