Janus Henderson Group PLC increased its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 32.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,483 shares of the railroad operator's stock after buying an additional 24,518 shares during the quarter. Janus Henderson Group PLC's holdings in Union Pacific were worth $24,755,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Cultivar Capital Inc. acquired a new stake in Union Pacific during the second quarter worth about $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Union Pacific during the second quarter worth about $28,000. Financial Gravity Asset Management Inc. increased its stake in Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator's stock worth $30,000 after acquiring an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Union Pacific during the third quarter worth about $30,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Union Pacific in the second quarter valued at about $31,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on UNP shares. StockNews.com lowered Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Robert W. Baird lowered their price objective on Union Pacific from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on Union Pacific from $263.00 to $252.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Wells Fargo & Company lowered their price objective on Union Pacific from $270.00 to $255.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Finally, Susquehanna lowered their price objective on Union Pacific from $260.00 to $255.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and an average target price of $259.80.
Read Our Latest Stock Analysis on UNP
Union Pacific Stock Performance
Shares of NYSE UNP traded down $1.06 during mid-day trading on Friday, hitting $233.57. The company had a trading volume of 2,585,152 shares, compared to its average volume of 2,469,402. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66. 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 stock has a market cap of $141.60 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.31 and a beta of 1.05. The firm's 50 day simple moving average is $239.22 and its two-hundred day simple moving average is $238.29.
Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the prior year, the business earned $2.51 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that Union Pacific Co. will post 10.94 earnings per share for the current year.
Union Pacific Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Monday, December 9th. Union Pacific's dividend payout ratio is currently 49.22%.
About Union Pacific
(
Free Report)
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.
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