Nabity Jensen Investment Management Inc Takes $640,000 Position in Union Pacific Co. (NYSE:UNP)

Nabity Jensen Investment Management Inc bought a new stake in Union Pacific Co. (NYSE:UNP - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,595 shares of the railroad operator's stock, valued at approximately $640,000.

A number of other institutional investors have also added to or reduced their stakes in UNP. State Street Corp boosted its position in shares of Union Pacific by 0.9% during the third quarter. State Street Corp now owns 24,788,337 shares of the railroad operator's stock valued at $6,109,829,000 after buying an additional 217,780 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Union Pacific by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator's stock valued at $1,880,701,000 after acquiring an additional 106,996 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Union Pacific by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 6,285,585 shares of the railroad operator's stock worth $1,549,271,000 after acquiring an additional 143,896 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator's stock worth $1,350,924,000 after acquiring an additional 124,571 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Union Pacific by 0.6% in the third quarter. FMR LLC now owns 5,020,107 shares of the railroad operator's stock valued at $1,237,356,000 after purchasing an additional 31,899 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Shares of NYSE UNP traded down $0.03 during trading hours on Monday, reaching $233.54. The stock had a trading volume of 3,065,255 shares, compared to its average volume of 2,336,226. The firm has a 50-day moving average of $239.22 and a 200-day moving average of $238.29. The firm has a market cap of $141.59 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.31 and a beta of 1.05. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share 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 company had revenue of $6.09 billion during the quarter, compared to analysts' expectations of $6.14 billion. During the same quarter last year, the business posted $2.51 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $1.34 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.30%. Union Pacific's dividend payout ratio (DPR) is presently 49.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UNP. Stifel Nicolaus reduced their target price on Union Pacific from $265.00 to $262.00 and set a "buy" rating for the company in a report on Friday, October 25th. Susquehanna decreased their target price 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. BMO Capital Markets cut their price target on shares of Union Pacific from $280.00 to $275.00 and set an "outperform" rating on the stock in a report on Friday, September 20th. Evercore ISI lowered shares of Union Pacific from an "outperform" rating to an "inline" rating and reduced their price target for the company from $254.00 to $247.00 in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Union Pacific from $263.00 to $252.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $259.80.

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.