Miracle Mile Advisors LLC Grows Holdings in Union Pacific Co. (NYSE:UNP)

Miracle Mile Advisors LLC lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 20.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 46,129 shares of the railroad operator’s stock after acquiring an additional 7,956 shares during the period. Miracle Mile Advisors LLC’s holdings in Union Pacific were worth $10,519,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. World Investment Advisors LLC lifted its stake in Union Pacific by 103.1% during the third quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator’s stock worth $8,770,000 after purchasing an additional 18,060 shares during the last quarter. Shellback Capital LP lifted its position in Union Pacific by 28.2% in the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after buying an additional 4,400 shares during the last quarter. Peoples Bank KS bought a new stake in Union Pacific in the 3rd quarter worth approximately $834,000. Maj Invest Holding A S boosted its stake in Union Pacific by 0.3% in the third quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after buying an additional 2,202 shares in the last quarter. Finally, Pensionfund Sabic grew its position in Union Pacific by 61.5% during the fourth quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator’s stock valued at $2,394,000 after acquiring an additional 4,000 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Royal Bank of Canada reduced their price objective on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Sanford C. Bernstein decreased their price objective on Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Susquehanna decreased their price target on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and dropped their price target for the company from $254.00 to $247.00 in a research report on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Stock Up 0.6 %

Union Pacific stock traded up $1.39 during mid-day trading on Monday, reaching $226.60. The stock had a trading volume of 2,277,785 shares, compared to its average volume of 2,539,150. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The company has a market capitalization of $137.38 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 2.33 and a beta of 1.06. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The company has a 50-day moving average price of $234.64 and a two-hundred day moving average price of $238.83.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the previous year, the company earned $2.51 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts expect that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.37%. Union Pacific’s dividend payout ratio is presently 49.22%.

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.