Kovitz Investment Group Partners LLC Has $10.38 Million Stake in Union Pacific Co. (NYSE:UNP)

Kovitz Investment Group Partners LLC boosted its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 43.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,124 shares of the railroad operator's stock after purchasing an additional 12,736 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Union Pacific were worth $10,383,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UNP. Shellback Capital LP grew its position in shares of Union Pacific by 28.2% during the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator's stock worth $4,525,000 after acquiring an additional 4,400 shares during the last quarter. Peoples Bank KS acquired a new position in Union Pacific during the 3rd quarter valued at about $834,000. Maj Invest Holding A S grew its position in Union Pacific by 0.3% in the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator's stock worth $166,645,000 after purchasing an additional 2,202 shares during the last quarter. Radnor Capital Management LLC acquired a new stake in shares of Union Pacific in the third quarter valued at approximately $2,923,000. Finally, Signature Estate & Investment Advisors LLC increased its stake in shares of Union Pacific by 190.5% in the third quarter. Signature Estate & Investment Advisors LLC now owns 4,430 shares of the railroad operator's stock valued at $1,092,000 after purchasing an additional 2,905 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UNP has been the subject of several analyst reports. StockNews.com downgraded Union Pacific from a "buy" rating to a "hold" rating in a research report on Tuesday, October 1st. Susquehanna reduced their price target on Union Pacific from $260.00 to $255.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on Union Pacific from $263.00 to $252.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Barclays upped their price objective on shares of Union Pacific from $275.00 to $285.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus lowered their target price on shares of Union Pacific from $265.00 to $262.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $259.80.

Union Pacific Trading Down 0.5 %

Shares of NYSE:UNP traded down $1.06 during midday trading on Friday, reaching $233.57. The company had a trading volume of 2,585,152 shares, compared to its average volume of 2,469,402. The company has a fifty day simple moving average of $239.22 and a two-hundred day simple moving average of $238.26. The firm has a market cap of $141.60 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.66. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77.

Union Pacific (NYSE:UNP - Get Free Report) last announced 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). The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.51 earnings per share. Research analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $1.34 per share. 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 payout ratio is 49.22%.

Union Pacific Company 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.