Boothbay Fund Management LLC Makes New $3.16 Million Investment in Union Pacific Corporation $UNP

Boothbay Fund Management LLC purchased a new position in Union Pacific Corporation (NYSE:UNP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,378 shares of the railroad operator’s stock, valued at approximately $3,162,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in UNP. Caitlin John LLC bought a new stake in Union Pacific during the third quarter worth about $27,000. Howard Hughes Medical Institute bought a new position in shares of Union Pacific during the 2nd quarter valued at about $30,000. Total Investment Management Inc. bought a new position in shares of Union Pacific during the 2nd quarter valued at about $31,000. Financial Gravity Companies Inc. purchased a new position in shares of Union Pacific during the 2nd quarter valued at about $31,000. Finally, Sagard Holdings Management Inc. bought a new stake in Union Pacific in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays reaffirmed an “overweight” rating and issued a $285.00 target price (up from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. Robert W. Baird set a $311.00 price target on shares of Union Pacific and gave the stock an “outperform” rating in a research note on Friday, March 6th. Weiss Ratings upgraded shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Royal Bank Of Canada set a $280.00 price objective on shares of Union Pacific in a research note on Thursday, December 18th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $295.00 target price on shares of Union Pacific in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $263.77.

Union Pacific Stock Down 0.1%

Shares of NYSE UNP opened at $242.27 on Tuesday. The firm’s fifty day moving average is $246.68 and its 200 day moving average is $234.04. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $268.14. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The company has a market cap of $143.76 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.65 and a beta of 0.95.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same period last year, the business earned $2.91 EPS. Union Pacific’s revenue was down .6% on a year-over-year basis. On average, equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio (DPR) is presently 46.12%.

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.