United Services Automobile Association Decreases Holdings in Union Pacific Co. (NYSE:UNP)

United Services Automobile Association lowered its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 17.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,272 shares of the railroad operator's stock after selling 3,121 shares during the quarter. United Services Automobile Association's holdings in Union Pacific were worth $3,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Marshall Wace LLP grew its position in Union Pacific by 272.3% during the 2nd quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator's stock valued at $379,689,000 after purchasing an additional 1,227,318 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Union Pacific by 19,878.6% in the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator's stock worth $220,856,000 after buying an additional 891,555 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of Union Pacific by 2,025.4% during the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator's stock valued at $134,636,000 after buying an additional 520,536 shares during the last quarter. Jennison Associates LLC increased its position in shares of Union Pacific by 170.9% during the third quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator's stock valued at $181,470,000 after acquiring an additional 464,477 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its holdings in Union Pacific by 186.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator's stock worth $159,461,000 after acquiring an additional 458,664 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stifel Nicolaus reduced their price objective on Union Pacific from $265.00 to $262.00 and set a "buy" rating for the company in a report on Friday, October 25th. Wells Fargo & Company reduced their price target on shares of Union Pacific from $270.00 to $255.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Citigroup increased their price objective on shares of Union Pacific from $255.00 to $267.00 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. Royal Bank of Canada cut their target price on shares of Union Pacific from $288.00 to $283.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Finally, Barclays increased their price target on Union Pacific from $275.00 to $285.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Nine investment 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $259.80.

Union Pacific Price Performance

Shares of UNP traded down $1.06 during mid-day trading on Friday, reaching $233.57. The stock had a trading volume of 2,585,152 shares, compared to its average volume of 2,469,402. 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 Co. has a 12 month low of $218.55 and a 12 month high of $258.66. The business has a fifty day moving average of $239.22 and a 200 day moving average of $238.29. The firm 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.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $6.14 billion. During the same quarter in the previous year, the firm earned $2.51 earnings per share. Union Pacific's revenue was up 2.5% on a year-over-year basis. Equities analysts predict that Union Pacific Co. will post 10.94 EPS for the current year.

Union Pacific Announces Dividend

The business also recently announced 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. This represents a $5.36 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, December 9th. Union Pacific's dividend payout ratio (DPR) is presently 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.