Parnassus Investments LLC Purchases 740 Shares of Union Pacific Corporation $UNP

Parnassus Investments LLC raised its position in shares of Union Pacific Corporation (NYSE:UNP) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 483,883 shares of the railroad operator’s stock after acquiring an additional 740 shares during the quarter. Parnassus Investments LLC owned about 0.08% of Union Pacific worth $114,313,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of UNP. Highline Wealth Partners LLC boosted its position in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new stake in Union Pacific during the first quarter valued at $32,000. WPG Advisers LLC bought a new stake in Union Pacific during the first quarter valued at $33,000. Cornerstone Planning Group LLC boosted its position in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 56 shares during the last quarter. Finally, IMA Advisory Services Inc. bought a new position in shares of Union Pacific during the 1st quarter worth about $43,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE UNP opened at $222.42 on Friday. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The stock has a market cap of $131.90 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.14 and a beta of 1.05. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The firm’s 50-day simple moving average is $227.01 and its 200 day simple moving average is $228.21.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter last year, the firm earned $2.74 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a $1.38 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.5%. Union Pacific’s dividend payout ratio (DPR) is 46.57%.

Analysts Set New Price Targets

UNP has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. The Goldman Sachs Group reissued a “neutral” rating and set a $263.00 price objective on shares of Union Pacific in a research report on Monday, June 2nd. UBS Group increased their price objective on shares of Union Pacific from $238.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Sanford C. Bernstein increased their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Argus cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $258.21.

Union Pacific Profile

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.