Union Pacific Corporation $UNP Shares Bought by DNB Asset Management AS

DNB Asset Management AS increased its stake in Union Pacific Corporation (NYSE:UNP) by 3.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 185,087 shares of the railroad operator’s stock after purchasing an additional 6,626 shares during the quarter. DNB Asset Management AS’s holdings in Union Pacific were worth $43,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UNP. Howard Hughes Medical Institute acquired a new stake in Union Pacific in the second quarter valued at approximately $30,000. Financial Gravity Companies Inc. purchased a new position in shares of Union Pacific in the second quarter valued at $31,000. Total Investment Management Inc. acquired a new stake in Union Pacific during the 2nd quarter valued at $31,000. Access Investment Management LLC purchased a new stake in Union Pacific during the 2nd quarter worth $32,000. Finally, Sagard Holdings Management Inc. acquired a new position in Union Pacific in the 2nd quarter worth $33,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Performance

UNP stock opened at $265.25 on Friday. The stock’s 50 day simple moving average is $241.47 and its 200 day simple moving average is $231.17. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $267.88. The firm has a market cap of $157.40 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.88 and a beta of 0.98. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. During the same period in the prior year, the firm earned $2.91 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific’s payout ratio is 46.12%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UNP. Citigroup restated a “buy” rating and set a $270.00 target price (up from $265.00) on shares of Union Pacific in a research note on Wednesday, January 28th. The Goldman Sachs Group restated a “neutral” rating and set a $267.00 price objective on shares of Union Pacific in a research note on Tuesday, January 27th. TD Cowen dropped their price objective on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Weiss Ratings upgraded Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.14.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.