CreativeOne Wealth LLC Purchases 1,008 Shares of Union Pacific Co. (NYSE:UNP)

CreativeOne Wealth LLC grew its position in Union Pacific Co. (NYSE:UNP) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,807 shares of the railroad operator’s stock after purchasing an additional 1,008 shares during the period. CreativeOne Wealth LLC’s holdings in Union Pacific were worth $3,896,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Marshall Wace LLP boosted its stake in shares of Union Pacific by 272.3% in the second quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock valued at $379,689,000 after buying an additional 1,227,318 shares during the period. International Assets Investment Management LLC lifted its stake in Union Pacific by 19,878.6% during the third quarter. International Assets Investment Management LLC now owns 896,040 shares of the railroad operator’s stock worth $220,856,000 after purchasing an additional 891,555 shares during the last quarter. Impax Asset Management Group plc lifted its stake in Union Pacific by 2,025.4% during the third quarter. Impax Asset Management Group plc now owns 546,236 shares of the railroad operator’s stock worth $134,636,000 after purchasing an additional 520,536 shares during the last quarter. Jennison Associates LLC lifted its stake in Union Pacific by 170.9% during the third quarter. Jennison Associates LLC now owns 736,246 shares of the railroad operator’s stock worth $181,470,000 after purchasing an additional 464,477 shares during the last quarter. Finally, Bridges Investment Management Inc. lifted its stake in Union Pacific by 186.4% during the second quarter. Bridges Investment Management Inc. now owns 704,769 shares of the railroad operator’s stock worth $159,461,000 after purchasing an additional 458,664 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on UNP shares. BMO Capital Markets dropped their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. TD Cowen dropped their price target on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Benchmark reiterated a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $259.80.

Union Pacific Price Performance

Union Pacific stock opened at $245.23 on Thursday. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The company’s 50 day moving average price is $240.19 and its two-hundred day moving average price is $238.51. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The stock has a market cap of $148.67 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.47 and a beta of 1.06.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter in the previous year, the business earned $2.51 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.19%. Union Pacific’s payout ratio is currently 49.22%.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.