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

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

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Union Pacific by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock valued at $3,282,305,000 after purchasing an additional 1,616,895 shares during the period. Capital Research Global Investors grew its holdings in Union Pacific by 14.3% in the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after buying an additional 1,298,178 shares in the last quarter. Norges Bank acquired a new position in Union Pacific during the 4th quarter valued at about $1,927,377,000. Franklin Resources Inc. lifted its position in Union Pacific by 5.0% in the fourth quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator's stock worth $1,752,804,000 after purchasing an additional 363,937 shares during the period. Finally, Northern Trust Corp grew its position in Union Pacific by 15.2% in the fourth quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator's stock worth $1,587,763,000 after buying an additional 920,414 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Stephens decreased their target price on Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company lowered their target price on Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Guggenheim upped their price objective on shares of Union Pacific from $266.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Jefferies Financial Group decreased their target price on Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Finally, Benchmark raised their price objective on Union Pacific from $266.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $257.86.

Union Pacific Trading Up 0.4 %

NYSE:UNP traded up $0.80 during trading hours on Wednesday, hitting $214.00. 3,277,123 shares of the stock were exchanged, compared to its average volume of 2,599,674. The company's 50 day moving average is $227.40 and its two-hundred day moving average is $234.26. The company has a market capitalization of $127.86 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. Union Pacific Co. has a twelve month low of $204.66 and a twelve month high of $258.07. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76.

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

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Friday, February 28th. Union Pacific's dividend payout ratio (DPR) 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.