1832 Asset Management L.P. Purchases 36,605 Shares of Union Pacific Corporation $UNP

1832 Asset Management L.P. boosted its position in Union Pacific Corporation (NYSE:UNP) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 617,121 shares of the railroad operator’s stock after purchasing an additional 36,605 shares during the quarter. 1832 Asset Management L.P. owned about 0.10% of Union Pacific worth $141,987,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its position in Union Pacific by 10.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock worth $21,475,000 after buying an additional 8,925 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in Union Pacific by 26.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 23,875 shares of the railroad operator’s stock valued at $5,494,000 after acquiring an additional 4,980 shares in the last quarter. LGT Group Foundation lifted its position in shares of Union Pacific by 9.7% during the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after acquiring an additional 477 shares during the period. Nuveen LLC acquired a new stake in shares of Union Pacific during the 1st quarter worth $988,822,000. Finally, Markel Group Inc. increased its position in shares of Union Pacific by 13.4% in the second quarter. Markel Group Inc. now owns 97,278 shares of the railroad operator’s stock worth $22,382,000 after purchasing an additional 11,500 shares during the period. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UNP. UBS Group set a $253.00 price target on Union Pacific and gave the company a “neutral” rating in a research note on Friday, October 3rd. Cowen reaffirmed a “buy” rating on shares of Union Pacific in a report on Friday, October 24th. JPMorgan Chase & Co. increased their price target on shares of Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Susquehanna restated a “positive” rating and set a $272.00 price objective (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Trading Up 0.6%

UNP opened at $232.71 on Wednesday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The company’s 50 day moving average price is $226.18 and its two-hundred day moving average price is $225.17. The firm has a market capitalization of $138.03 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.27 and a beta of 0.99.

Union Pacific (NYSE:UNP) last issued 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 company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same quarter in the previous year, the business earned $2.75 earnings per share. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. As a group, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, December 5th. Union Pacific’s payout ratio is 46.90%.

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.