MJP Associates Inc. ADV Invests $550,000 in Union Pacific Corporation $UNP

MJP Associates Inc. ADV purchased a new position in Union Pacific Corporation (NYSE:UNP) during the second quarter, HoldingsChannel.com reports. The fund purchased 2,020 shares of the railroad operator’s stock, valued at approximately $550,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in UNP. Cambient Family Office LLC purchased a new position in shares of Union Pacific in the 4th quarter worth about $1,319,000. First National Bank of Omaha grew its position in Union Pacific by 35.8% during the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after purchasing an additional 14,399 shares during the last quarter. North Dakota State Investment Board bought a new stake in Union Pacific during the 4th quarter valued at about $4,746,000. Sage Investment Advisers LLC bought a new stake in Union Pacific during the 4th quarter valued at about $997,000. Finally, Truist Financial Corp raised its holdings in Union Pacific by 3.1% in the fourth quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock worth $235,038,000 after buying an additional 30,079 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insider Transactions at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.

Union Pacific Price Performance

UNP opened at $304.34 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The stock has a market capitalization of $180.80 billion, a P/E ratio of 24.64, a P/E/G ratio of 3.08 and a beta of 0.96. The company’s 50-day simple moving average is $285.59 and its two-hundred day simple moving average is $267.31. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same period in the previous year, the business posted $3.03 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, analysts predict that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a dividend of $1.42 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.9%. Union Pacific’s dividend payout ratio is 44.70%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UNP. Benchmark upped their target price on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Susquehanna raised their price target on shares of Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. BMO Capital Markets restated a “market perform” rating and issued a $320.00 price objective (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Barclays reaffirmed an “overweight” rating and issued a $350.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $339.00 target price (up from $289.00) on shares of Union Pacific in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.

Union Pacific Company 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.