Permanent Capital Management LP Makes New Investment in Union Pacific Corporation $UNP

Permanent Capital Management LP bought a new stake in Union Pacific Corporation (NYSE:UNP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,090 shares of the railroad operator’s stock, valued at approximately $2,385,000. Union Pacific comprises approximately 0.4% of Permanent Capital Management LP’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its position in shares of 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 acquiring an additional 8,925 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Union Pacific by 26.4% in the second 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 during the last quarter. Union Bancaire Privee UBP SA increased its position in Union Pacific by 9.8% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 52,849 shares of the railroad operator’s stock valued at $12,492,000 after purchasing an additional 4,707 shares during the period. SCS Capital Management LLC raised its holdings in Union Pacific by 165.2% during the 2nd quarter. SCS Capital Management LLC now owns 34,808 shares of the railroad operator’s stock worth $8,009,000 after purchasing an additional 21,685 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Union Pacific by 0.8% in the 3rd quarter. Voya Investment Management LLC now owns 1,549,118 shares of the railroad operator’s stock worth $366,165,000 after purchasing an additional 12,251 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

Shares of NYSE UNP opened at $233.23 on Monday. The firm has a market capitalization of $138.34 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.71 and a beta of 0.99. The firm’s 50-day moving average price is $227.71 and its 200-day moving average price is $226.72. 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 1-year low of $204.66 and a 1-year high of $256.84.

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

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be issued 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 dividend payout ratio (DPR) is currently 46.90%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets decreased their price objective on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. JPMorgan Chase & Co. upped their price target on shares of Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. UBS Group set a $253.00 price target on Union Pacific and gave the stock a “neutral” rating in a report on Friday, October 3rd. Susquehanna reissued a “positive” rating and issued a $272.00 price objective (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research report 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, the company has a consensus rating of “Moderate Buy” and an average target price of $260.33.

Union Pacific Profile

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.