Nomura Asset Management Co. Ltd. Purchases 10,807 Shares of Union Pacific Co. (NYSE:UNP)

Nomura Asset Management Co. Ltd. lifted its position in Union Pacific Co. (NYSE:UNP - Free Report) by 3.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 306,580 shares of the railroad operator's stock after buying an additional 10,807 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.05% of Union Pacific worth $75,566,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cultivar Capital Inc. bought a new position in shares of Union Pacific during the 2nd quarter valued at about $27,000. Strategic Investment Solutions Inc. IL bought a new stake in Union Pacific during the second quarter worth approximately $28,000. Financial Gravity Asset Management Inc. grew its position in Union Pacific by 3,250.0% in the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator's stock worth $30,000 after buying an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in Union Pacific in the third quarter worth approximately $30,000. Finally, Fairscale Capital LLC bought a new position in shares of Union Pacific in the second quarter valued at $31,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on UNP shares. Wells Fargo & Company decreased their target price on Union Pacific from $270.00 to $255.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Robert W. Baird decreased their target price on shares of Union Pacific from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Sanford C. Bernstein cut their price target on shares of Union Pacific from $277.00 to $272.00 and set an "outperform" rating on the stock in a report on Wednesday, October 9th. TD Cowen decreased their price objective on shares of Union Pacific from $255.00 to $252.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Finally, Susquehanna reduced their target price on Union Pacific from $260.00 to $255.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific currently has an average rating of "Moderate Buy" and an average price target of $259.80.

Union Pacific Trading Up 0.6 %

Shares of Union Pacific stock traded up $1.41 during trading hours on Monday, hitting $233.64. The company's stock had a trading volume of 1,032,324 shares, compared to its average volume of 2,327,472. 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 company has a market capitalization of $141.65 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. The stock has a 50 day moving average of $239.22 and a 200 day moving average of $238.29.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly 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). The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 EPS. 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 disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued 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 2.29%. Union Pacific's dividend payout ratio (DPR) is presently 49.22%.

About Union Pacific

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.