Assetmark Inc. Purchases 16,803 Shares of Union Pacific Corporation $UNP

Assetmark Inc. grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 37.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,194 shares of the railroad operator’s stock after buying an additional 16,803 shares during the quarter. Assetmark Inc.’s holdings in Union Pacific were worth $14,465,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Howard Capital Management Group LLC raised its stake in Union Pacific by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock worth $532,000 after buying an additional 45 shares in the last quarter. St. Johns Investment Management Company LLC boosted its position in shares of Union Pacific by 1.6% during 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 purchasing an additional 46 shares in the last quarter. Hanson & Doremus Investment Management grew its stake in Union Pacific by 2.5% in the third quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock worth $444,000 after purchasing an additional 46 shares during the period. Silver Oak Securities Incorporated raised its holdings in Union Pacific by 4.5% in the third quarter. Silver Oak Securities Incorporated now owns 1,065 shares of the railroad operator’s stock worth $252,000 after purchasing an additional 46 shares in the last quarter. Finally, Schubert & Co lifted its position in Union Pacific by 1.9% during the second quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock valued at $578,000 after buying an additional 47 shares during the period. 80.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings raised shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research note on Thursday, December 18th. Barclays restated an “overweight” rating and set a $285.00 price objective (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. Citigroup restated a “buy” rating and issued a $270.00 price target (up previously from $265.00) on shares of Union Pacific in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $267.00 price objective on shares of Union Pacific in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $258.32.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $260.55 on Monday. The company has a market capitalization of $154.61 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 2.84 and a beta of 0.98. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The stock’s 50-day simple moving average is $236.44 and its 200-day simple moving average is $228.65. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $265.37.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.91 earnings per share. As a group, analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, February 27th. Union Pacific’s payout ratio is currently 46.12%.

About Union Pacific

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.