8,824 Shares in Union Pacific Corporation $UNP Bought by Davis Capital Management

Davis Capital Management bought a new stake in shares of Union Pacific Corporation (NYSE:UNP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,824 shares of the railroad operator’s stock, valued at approximately $2,086,000. Union Pacific makes up approximately 1.4% of Davis Capital Management’s holdings, making the stock its 17th largest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Synergy Asset Management LLC purchased a new position in shares of Union Pacific in the 3rd quarter valued at approximately $31,253,000. Townsend & Associates Inc increased its stake in Union Pacific by 44.9% during the 3rd quarter. Townsend & Associates Inc now owns 2,240 shares of the railroad operator’s stock valued at $506,000 after purchasing an additional 694 shares in the last quarter. BOS Asset Management LLC purchased a new position in shares of Union Pacific in the third quarter worth $205,000. Bell Bank lifted its stake in shares of Union Pacific by 14.1% during the third quarter. Bell Bank now owns 1,737 shares of the railroad operator’s stock worth $411,000 after buying an additional 215 shares during the period. Finally, Pictet North America Advisors SA grew its holdings in shares of Union Pacific by 0.9% during the third quarter. Pictet North America Advisors SA now owns 15,018 shares of the railroad operator’s stock valued at $3,550,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Up 0.2%

Shares of UNP stock opened at $231.76 on Friday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The stock has a market cap of $137.47 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.51 and a beta of 0.99. The stock has a 50 day moving average of $228.63 and a 200 day moving average of $227.01. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75.

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

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th were given a dividend of $1.38 per share. The ex-dividend date was Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. Union Pacific’s dividend payout ratio is currently 46.90%.

Analyst Upgrades and Downgrades

A number of analysts have commented on UNP shares. JPMorgan Chase & Co. lifted their price target on Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. UBS Group set a $253.00 target price on Union Pacific and gave the stock a “neutral” rating in a report on Friday, October 3rd. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and upped their target price for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. Royal Bank Of Canada set a $280.00 price target on shares of Union Pacific in a report on Thursday, December 18th. Finally, The Goldman Sachs Group set a $263.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $260.33.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.