Blueshift Asset Management LLC Takes $659,000 Position in Union Pacific Corporation $UNP

Blueshift Asset Management LLC purchased a new stake in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 2,864 shares of the railroad operator’s stock, valued at approximately $659,000.

Several other hedge funds have also made changes to their positions in the business. CBIZ Investment Advisory Services LLC increased its stake in Union Pacific by 1,400.0% in the first 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 during the last quarter. Financial Gravity Companies Inc. acquired a new position in shares of Union Pacific during the 2nd quarter valued at about $31,000. Access Investment Management LLC purchased a new position in shares of Union Pacific during the 2nd quarter worth about $32,000. WPG Advisers LLC acquired a new stake in shares of Union Pacific in the first quarter worth approximately $33,000. Finally, GFG Capital LLC acquired a new stake in shares of Union Pacific in the second quarter worth approximately $38,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UNP shares. 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 note on Friday, October 24th. The Goldman Sachs Group set a $263.00 price objective on Union Pacific and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Finally, Citigroup raised their price objective on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $261.63.

Union Pacific Stock Up 0.6%

Shares of Union Pacific stock opened at $232.71 on Wednesday. The company has a fifty day moving average price of $226.18 and a 200 day moving average price of $225.17. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The stock has a market cap of $138.03 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.27 and a beta of 0.99.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data 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 return on equity of 42.23% and a net margin of 28.73%.The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter in the previous year, the firm posted $2.75 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is 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%.

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.