Fisher Asset Management LLC Raises Stake in Union Pacific Corporation $UNP

Fisher Asset Management LLC increased its position in shares of Union Pacific Corporation (NYSE:UNP) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,428,229 shares of the railroad operator’s stock after acquiring an additional 29,514 shares during the quarter. Fisher Asset Management LLC owned approximately 1.08% of Union Pacific worth $1,519,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC increased its position in shares of Union Pacific by 40.4% during the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after acquiring an additional 665 shares during the last quarter. Schnieders Capital Management LLC. boosted its position in shares of Union Pacific by 0.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock worth $4,741,000 after purchasing an additional 102 shares during the period. Arkadios Wealth Advisors boosted its position in shares of Union Pacific by 7.0% during the 2nd quarter. Arkadios Wealth Advisors now owns 5,889 shares of the railroad operator’s stock worth $1,355,000 after purchasing an additional 387 shares during the period. Assetmark Inc. increased its holdings in Union Pacific by 18.4% in the 2nd quarter. Assetmark Inc. now owns 44,391 shares of the railroad operator’s stock valued at $10,214,000 after purchasing an additional 6,907 shares during the last quarter. Finally, Kovack Advisors Inc. raised its position in Union Pacific by 8.0% in the second quarter. Kovack Advisors Inc. now owns 1,917 shares of the railroad operator’s stock valued at $441,000 after purchasing an additional 142 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UNP shares. Citigroup restated a “buy” rating and set a $270.00 price target (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. Barclays reissued an “overweight” rating and set a $285.00 price objective (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. Susquehanna reaffirmed a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. TD Cowen cut their price target on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada set a $280.00 price objective on shares of Union Pacific in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.14.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $264.62 on Monday. The firm’s fifty day simple moving average is $242.08 and its 200-day simple moving average is $231.63. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $267.88. The stock has a market capitalization of $157.02 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.89 and a beta of 0.95. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75.

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

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific’s dividend payout ratio (DPR) is currently 46.12%.

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.