Fred Alger Management LLC Has $5.77 Million Stake in Union Pacific Co. (NYSE:UNP)

Fred Alger Management LLC boosted its position in Union Pacific Co. (NYSE:UNP - Free Report) by 31.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,313 shares of the railroad operator's stock after buying an additional 6,121 shares during the quarter. Fred Alger Management LLC's holdings in Union Pacific were worth $5,772,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of UNP. Principal Financial Group Inc. lifted its stake in shares of Union Pacific by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 927,992 shares of the railroad operator's stock worth $228,732,000 after buying an additional 39,014 shares during the last quarter. Baker Tilly Wealth Management LLC lifted its position in Union Pacific by 18.8% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 4,205 shares of the railroad operator's stock worth $959,000 after acquiring an additional 664 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Union Pacific by 20.1% during the fourth quarter. ORG Partners LLC now owns 3,316 shares of the railroad operator's stock worth $757,000 after acquiring an additional 556 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Union Pacific by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator's stock valued at $44,348,000 after purchasing an additional 4,939 shares during the last quarter. Finally, Sage Capital Advisors llc grew its position in shares of Union Pacific by 0.4% in the fourth quarter. Sage Capital Advisors llc now owns 16,195 shares of the railroad operator's stock valued at $3,693,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 1.1%

UNP stock traded down $2.59 during mid-day trading on Tuesday, reaching $228.28. The company's stock had a trading volume of 3,028,104 shares, compared to its average volume of 2,629,203. Union Pacific Co. has a 12 month low of $204.66 and a 12 month high of $258.07. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The business's 50 day moving average price is $225.41 and its 200 day moving average price is $233.76. The company has a market cap of $136.39 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.03). Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period last year, the business earned $2.69 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts predict that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, May 30th. Union Pacific's dividend payout ratio (DPR) is currently 48.29%.

Wall Street Analyst Weigh In

UNP has been the subject of several recent research reports. TD Cowen boosted their price target on Union Pacific from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Jefferies Financial Group decreased their target price on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Stephens cut their price objective on Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Robert W. Baird upped their target price on Union Pacific from $260.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, Wells Fargo & Company cut their price target on Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific currently has an average rating of "Moderate Buy" and an average price target of $257.86.

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.