Bayesian Capital Management LP Acquires 28,990 Shares of Union Pacific Co. (NYSE:UNP)

Bayesian Capital Management LP lifted its position in Union Pacific Co. (NYSE:UNP - Free Report) by 278.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,390 shares of the railroad operator's stock after purchasing an additional 28,990 shares during the quarter. Union Pacific accounts for 1.1% of Bayesian Capital Management LP's portfolio, making the stock its 5th largest position. Bayesian Capital Management LP's holdings in Union Pacific were worth $8,982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Union Pacific during the fourth quarter worth approximately $1,927,377,000. Raymond James Financial Inc. bought a new position in Union Pacific in the 4th quarter valued at $1,035,905,000. Geode Capital Management LLC boosted its stake in Union Pacific by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock worth $3,282,305,000 after purchasing an additional 1,616,895 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Union Pacific by 14.3% during the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after purchasing an additional 1,298,178 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Union Pacific by 15.2% in the fourth quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator's stock valued at $1,587,763,000 after buying an additional 920,414 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Down 0.2 %

UNP stock traded down $0.45 during mid-day trading on Friday, hitting $216.39. 1,339,022 shares of the company were exchanged, compared to its average volume of 3,005,286. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77. Union Pacific Co. has a 1-year low of $204.66 and a 1-year high of $258.07. The firm's 50 day simple moving average is $226.17 and its 200 day simple moving average is $233.96. The firm has a market cap of $129.29 billion, a P/E ratio of 19.51, a P/E/G ratio of 2.15 and a beta of 1.07.

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

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.48%. Union Pacific's payout ratio is presently 48.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on UNP shares. UBS Group decreased their price objective on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Redburn Atlantic raised shares of Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price target for the company in a report on Wednesday, April 16th. Loop Capital downgraded Union Pacific from a "hold" rating to a "sell" rating and reduced their price objective for the stock from $265.00 to $200.00 in a report on Monday, February 3rd. BMO Capital Markets lifted their target price on Union Pacific from $275.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Finally, Barclays cut their price target on Union Pacific from $285.00 to $260.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.86.

About Union Pacific

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.