GAMMA Investing LLC Increases Stake in Union Pacific Corporation (NYSE:UNP)

GAMMA Investing LLC lifted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 16.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,545 shares of the railroad operator’s stock after buying an additional 1,520 shares during the quarter. GAMMA Investing LLC’s holdings in Union Pacific were worth $2,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Trust Co. of Oklahoma grew its holdings in Union Pacific by 1.0% in the first quarter. Trust Co. of Oklahoma now owns 8,568 shares of the railroad operator’s stock worth $2,024,000 after purchasing an additional 89 shares during the period. Tounjian Advisory Partners LLC purchased a new stake in Union Pacific in the first quarter worth about $299,000. Northstar Advisory Group LLC purchased a new stake in Union Pacific in the first quarter worth about $358,000. Pallas Capital Advisors LLC grew its holdings in Union Pacific by 22.1% in the first quarter. Pallas Capital Advisors LLC now owns 2,030 shares of the railroad operator’s stock worth $480,000 after purchasing an additional 368 shares during the period. Finally, Patrick M Sweeney & Associates Inc. grew its holdings in Union Pacific by 1.8% in the first quarter. Patrick M Sweeney & Associates Inc. now owns 5,347 shares of the railroad operator’s stock worth $1,263,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UNP shares. Wells Fargo & Company cut their price objective on shares of Union Pacific from $265.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Bank of America upped their price objective on shares of Union Pacific from $256.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, May 16th. UBS Group dropped their target price on shares of Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Redburn Atlantic upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 target price on the stock in a research note on Wednesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Union Pacific in a research note on Friday, March 7th. They issued a “buy” rating and a $295.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $258.39.

Union Pacific Stock Up 0.9%

Shares of Union Pacific stock opened at $231.36 on Friday. The company has a market cap of $138.23 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05. The company’s 50 day moving average is $222.11 and its 200 day moving average is $230.70. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The business had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the prior year, the company posted $2.69 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. Research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a yield of 2.32%. Union Pacific’s dividend payout ratio is currently 48.29%.

Union Pacific Company Profile

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.