Norris Perne & French LLP MI Has $37.04 Million Stake in Union Pacific Corporation $UNP

Norris Perne & French LLP MI lifted its position in Union Pacific Corporation (NYSE:UNP) by 19.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 156,707 shares of the railroad operator’s stock after purchasing an additional 25,303 shares during the period. Union Pacific accounts for about 2.6% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 10th biggest position. Norris Perne & French LLP MI’s holdings in Union Pacific were worth $37,041,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Panoramic Capital Partners LLC raised its position in Union Pacific by 6.1% during the 3rd quarter. Panoramic Capital Partners LLC now owns 941 shares of the railroad operator’s stock valued at $222,000 after purchasing an additional 54 shares in the last quarter. Permanent Capital Management LP bought a new position in shares of Union Pacific during the 3rd quarter worth $2,385,000. Everpar Advisors LLC increased its stake in shares of Union Pacific by 12.8% during the third quarter. Everpar Advisors LLC now owns 1,641 shares of the railroad operator’s stock valued at $388,000 after buying an additional 186 shares during the period. Tealwood Asset Management Inc. raised its holdings in shares of Union Pacific by 47.1% in the third quarter. Tealwood Asset Management Inc. now owns 14,107 shares of the railroad operator’s stock valued at $3,335,000 after acquiring an additional 4,515 shares in the last quarter. Finally, Fire Capital Management LLC lifted its stake in Union Pacific by 4.7% in the third quarter. Fire Capital Management LLC now owns 5,521 shares of the railroad operator’s stock worth $1,305,000 after acquiring an additional 250 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

NYSE UNP opened at $233.23 on Monday. The firm’s fifty day simple moving average is $227.71 and its two-hundred day simple moving average is $226.72. The firm has a market capitalization of $138.34 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.71 and a beta of 0.99. 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 Corporation has a 12-month low of $204.66 and a 12-month high of $256.84.

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

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio is 46.90%.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of research reports. Barclays reissued an “overweight” rating and set a $285.00 target price (up previously from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. Susquehanna reissued a “positive” rating and set a $272.00 price objective (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Citigroup upped their target price on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a research report on Thursday, December 11th. Finally, UBS Group set a $253.00 price target on Union Pacific and gave the stock a “neutral” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target 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.