Fisher Funds Management LTD Has $36.50 Million Position in Union Pacific Corporation (NYSE:UNP)

Fisher Funds Management LTD lessened its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 4.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 154,500 shares of the railroad operator's stock after selling 7,048 shares during the period. Fisher Funds Management LTD's holdings in Union Pacific were worth $36,499,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Triad Wealth Partners LLC bought a new stake in Union Pacific during the 4th quarter worth about $314,000. Assetmark Inc. raised its holdings in Union Pacific by 16.3% during the fourth quarter. Assetmark Inc. now owns 35,897 shares of the railroad operator's stock worth $8,186,000 after acquiring an additional 5,035 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Union Pacific by 46.1% during the fourth quarter. Proficio Capital Partners LLC now owns 2,211 shares of the railroad operator's stock valued at $504,000 after purchasing an additional 698 shares during the last quarter. Aigen Investment Management LP grew its stake in Union Pacific by 86.0% in the fourth quarter. Aigen Investment Management LP now owns 2,613 shares of the railroad operator's stock valued at $596,000 after purchasing an additional 1,208 shares in the last quarter. Finally, Dana Investment Advisors Inc. increased its position in shares of Union Pacific by 2.2% during the 4th quarter. Dana Investment Advisors Inc. now owns 3,503 shares of the railroad operator's stock worth $799,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Robert W. Baird initiated coverage on Union Pacific in a research note on Tuesday. They set a "neutral" rating and a $231.00 target price for the company. The Goldman Sachs Group reissued a "neutral" rating and issued a $263.00 price target on shares of Union Pacific in a report on Monday, June 2nd. Argus raised Union Pacific to a "strong-buy" rating in a research report on Friday, May 16th. Stephens reduced their price target on Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, Citigroup upgraded Union Pacific from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $260.00 to $244.00 in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific has a consensus rating of "Moderate Buy" and a consensus target price of $256.91.

Union Pacific Trading Down 0.3%

Shares of Union Pacific stock opened at $236.45 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. The stock has a fifty day simple moving average of $223.53 and a 200 day simple moving average of $230.75. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $258.07. The company has a market capitalization of $141.27 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 2.38 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the previous year, the company posted $2.69 earnings per share. The company's revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.36 annualized dividend and a yield of 2.27%. Union Pacific's payout ratio is currently 48.29%.

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.

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