Old Mission Investment Co LLC Takes $849,000 Position in Union Pacific Corporation $UNP

Old Mission Investment Co LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,123 shares of the railroad operator’s stock, valued at approximately $849,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UNP. Tucker Asset Management LLC purchased a new position in shares of Union Pacific in the 4th quarter worth about $25,000. SWAN Capital LLC increased its position in shares of Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. Cornerstone Financial Management LLC bought a new stake in shares of Union Pacific during the fourth quarter valued at approximately $27,000. Scarborough Advisors LLC purchased a new position in Union Pacific in the 1st quarter worth approximately $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in Union Pacific in the 1st quarter valued at approximately $29,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

UNP stock opened at $289.54 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99. The company has a market cap of $172.01 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 2.88 and a beta of 0.96. The stock’s fifty day moving average price is $293.96 and its 200-day moving average price is $270.92.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the prior year, the company earned $3.03 earnings per share. Union Pacific’s revenue was up 11.5% on a year-over-year basis. On average, equities analysts forecast that Union Pacific Corporation will post 13.02 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is currently 45.99%.

Wall Street Analyst Weigh In

Several analysts have commented on UNP shares. Robert W. Baird increased their target price on Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. TD Cowen reaffirmed a “buy” rating and set a $325.00 price target (up from $282.00) on shares of Union Pacific in a report on Friday, July 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $339.00 price objective (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company 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.