Parnassus Investments LLC Purchases 3,773 Shares of Union Pacific Corporation $UNP

Parnassus Investments LLC grew its position in shares of Union Pacific Corporation (NYSE:UNP) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 487,922 shares of the railroad operator’s stock after buying an additional 3,773 shares during the quarter. Parnassus Investments LLC owned approximately 0.08% of Union Pacific worth $115,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of UNP. CBIZ Investment Advisory Services LLC increased its holdings in Union Pacific by 1,400.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Union Pacific during the second quarter worth $30,000. Financial Gravity Companies Inc. acquired a new stake in shares of Union Pacific in the second quarter valued at $31,000. Total Investment Management Inc. bought a new position in shares of Union Pacific in the second quarter valued at about $31,000. Finally, Access Investment Management LLC bought a new position in shares of Union Pacific in the second quarter valued at about $32,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 0.7%

Shares of Union Pacific stock opened at $228.30 on Friday. The business has a fifty day simple moving average of $229.76 and a 200 day simple moving average of $227.21. The stock has a market cap of $135.42 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 2.49 and a beta of 0.99. 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 Corporation has a 12 month low of $204.66 and a 12 month high of $256.84.

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

Union Pacific Announces Dividend

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

Analyst Ratings Changes

UNP has been the subject of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. UBS Group set a $253.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. Susquehanna reaffirmed a “positive” rating and set a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. The Goldman Sachs Group set a $263.00 target price on Union Pacific and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Citigroup set a $264.00 price target on Union Pacific and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $259.46.

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.