Nordea Investment Management AB Purchases 7,900 Shares of Union Pacific Corporation $UNP

Nordea Investment Management AB grew its position in shares of Union Pacific Corporation (NYSE:UNP) by 5.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 156,289 shares of the railroad operator’s stock after acquiring an additional 7,900 shares during the quarter. Nordea Investment Management AB’s holdings in Union Pacific were worth $36,784,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UNP. Pines Wealth Management LLC lifted its position in Union Pacific by 1.7% during the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock valued at $595,000 after purchasing an additional 43 shares during the last quarter. Five Oceans Advisors lifted its holdings in shares of Union Pacific by 3.9% in the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock valued at $272,000 after acquiring an additional 44 shares during the last quarter. Howard Capital Management Group LLC lifted its holdings in shares of Union Pacific by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock valued at $532,000 after acquiring an additional 45 shares during the last quarter. St. Johns Investment Management Company LLC grew 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 worth $693,000 after acquiring an additional 46 shares in the last quarter. Finally, Hanson & Doremus Investment Management increased its stake in Union Pacific by 2.5% during the third quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock worth $444,000 after acquiring an additional 46 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UNP has been the subject of several analyst reports. Citigroup set a $264.00 price objective on Union Pacific and gave the company a “buy” rating in a research note on Thursday, January 8th. Cowen restated a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $263.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Barclays reaffirmed 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, December 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.58.

Union Pacific Stock Performance

UNP stock opened at $226.89 on Thursday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The firm has a market cap of $134.58 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 2.61 and a beta of 0.99. The business’s fifty day simple moving average is $230.31 and its two-hundred day simple moving average is $227.19. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75.

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

Union Pacific Announces Dividend

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

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.