Union Pacific Corporation $UNP Shares Newly Bought by Focused Alpha LLC

by · The Markets Daily

Focused Alpha LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,146 shares of the railroad operator’s stock, valued at approximately $584,000.

A number of other institutional investors have also recently modified their holdings of UNP. BNP Paribas lifted its stake in Union Pacific by 21.5% in the 2nd quarter. BNP Paribas now owns 60,465 shares of the railroad operator’s stock valued at $16,454,000 after buying an additional 10,706 shares in the last quarter. Eastern Bank raised its holdings in shares of Union Pacific by 2.6% during the third quarter. Eastern Bank now owns 214,567 shares of the railroad operator’s stock valued at $58,390,000 after acquiring an additional 5,380 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Union Pacific by 9.4% during the second quarter. QRG Capital Management Inc. now owns 102,949 shares of the railroad operator’s stock valued at $28,002,000 after acquiring an additional 8,842 shares during the last quarter. KBC Group NV lifted its position in shares of Union Pacific by 17.7% in the second quarter. KBC Group NV now owns 108,489 shares of the railroad operator’s stock valued at $29,509,000 after acquiring an additional 16,295 shares in the last quarter. Finally, Axiom Investment Management LLC purchased a new position in shares of Union Pacific in the first quarter valued at approximately $9,151,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Down 0.6%

Shares of Union Pacific stock opened at $287.33 on Tuesday. The stock has a 50 day moving average of $287.63 and a 200 day moving average of $277.18. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The firm has a market capitalization of $170.70 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.87 and a beta of 0.95. Union Pacific Corporation has a fifty-two week low of $215.53 and a fifty-two week high of $315.99.

Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. During the same quarter last year, the company posted $3.03 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, research analysts predict that Union Pacific Corporation will post 13.05 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st were paid a $1.42 dividend. The ex-dividend date was Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. Union Pacific’s payout ratio is 45.99%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Erste Group Bank started coverage on Union Pacific in a research note on Thursday, August 27th. They issued a “buy” rating on the stock. UBS Group raised Union Pacific from a “neutral” rating to a “buy” rating and increased their price objective for the company from $310.00 to $339.00 in a research note on Wednesday, September 16th. Bank of America raised their price objective on Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Barclays reaffirmed an “overweight” rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Benchmark upped their target price on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $325.00.

Get Our Latest Stock Analysis on Union Pacific

Union Pacific Company Profile

(Free Report)

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.

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