Union Pacific Co. (NYSE:UNP) Shares Bought by First Manhattan CO. LLC.

First Manhattan CO. LLC. boosted its holdings in Union Pacific Co. (NYSE:UNP - Free Report) by 174.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 381,074 shares of the railroad operator's stock after acquiring an additional 242,229 shares during the quarter. First Manhattan CO. LLC. owned 0.06% of Union Pacific worth $88,324,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. abrdn plc boosted its holdings in shares of Union Pacific by 9.3% in the 4th quarter. abrdn plc now owns 415,874 shares of the railroad operator's stock worth $94,588,000 after purchasing an additional 35,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Union Pacific by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator's stock worth $44,348,000 after purchasing an additional 4,939 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its holdings in Union Pacific by 24.2% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator's stock valued at $63,185,000 after acquiring an additional 53,946 shares during the period. Pinnbrook Capital Management LP purchased a new stake in Union Pacific during the 4th quarter valued at about $3,954,000. Finally, Traveka Wealth LLC boosted its holdings in Union Pacific by 236.6% during the 4th quarter. Traveka Wealth LLC now owns 4,567 shares of the railroad operator's stock valued at $1,041,000 after acquiring an additional 3,210 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

Shares of Union Pacific stock traded down $0.64 on Friday, reaching $216.20. 2,172,909 shares of the stock were exchanged, compared to its average volume of 2,612,947. Union Pacific Co. has a 1-year low of $204.66 and a 1-year 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 has a fifty day moving average price of $225.66 and a two-hundred day moving average price of $233.76. The firm has a market capitalization of $129.17 billion, a PE ratio of 19.50, a PEG ratio of 2.15 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results 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). 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 quarter in the previous year, the company posted $2.69 earnings per share. The company's quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, May 30th. Union Pacific's dividend payout ratio (DPR) is presently 48.29%.

Analysts Set New Price Targets

UNP has been the subject of a number of recent analyst reports. UBS Group lowered their price target on Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Benchmark upped their price target on Union Pacific from $266.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Loop Capital lowered Union Pacific from a "hold" rating to a "sell" rating and lowered their price target for the company from $265.00 to $200.00 in a research report on Monday, February 3rd. Barclays lowered their price target on Union Pacific from $285.00 to $260.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Susquehanna lowered their price target on Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and an average price target of $257.86.

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.