Union Pacific Corporation $UNP Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in Union Pacific Corporation (NYSE:UNP) by 62.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,599,743 shares of the railroad operator’s stock after acquiring an additional 613,427 shares during the period. Assenagon Asset Management S.A. owned approximately 0.27% of Union Pacific worth $378,131,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pines Wealth Management LLC grew its holdings in shares of Union Pacific by 1.7% during the 2nd quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after purchasing an additional 43 shares during the period. Titleist Asset Management LLC raised its holdings in Union Pacific by 1.1% in the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock valued at $946,000 after buying an additional 44 shares during the period. Five Oceans Advisors lifted its position in Union Pacific by 3.9% in the second quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock valued at $272,000 after buying an additional 44 shares during the last quarter. St. Johns Investment Management Company LLC lifted its position in Union Pacific by 1.6% in the second quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock valued at $693,000 after buying an additional 46 shares during the last quarter. Finally, Schubert & Co boosted its stake in Union Pacific by 1.9% during the second quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock worth $578,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Union Pacific stock opened at $235.84 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The company has a fifty day simple moving average of $226.53 and a 200-day simple moving average of $226.05. The stock has a market cap of $139.89 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.79 and a beta of 0.99. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.Union Pacific’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 EPS. Equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, December 5th. Union Pacific’s dividend payout ratio is currently 46.90%.

Wall Street Analyst Weigh In

UNP has been the topic of a number of research analyst reports. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and boosted their price target for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. Cowen reiterated a “buy” rating on shares of Union Pacific in a report on Friday, October 24th. Barclays restated an “overweight” rating and set a $285.00 price target (up from $270.00) on shares of Union Pacific in a research note on Tuesday. Citigroup raised their price target on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, TD Cowen cut their price objective on Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.17.

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.