OLD Mission Capital LLC Takes Position in Union Pacific Co. (NYSE:UNP)

OLD Mission Capital LLC purchased a new stake in shares of Union Pacific Co. (NYSE:UNP) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 20,016 shares of the railroad operator’s stock, valued at approximately $4,402,000.

Other hedge funds have also added to or reduced their stakes in the company. ShoreHaven Wealth Partners LLC bought a new position in shares of Union Pacific during the first quarter valued at $25,000. Harvest Group Wealth Management LLC bought a new position in Union Pacific during the second quarter worth $33,000. MV Capital Management Inc. raised its stake in Union Pacific by 78.8% during the second quarter. MV Capital Management Inc. now owns 202 shares of the railroad operator’s stock worth $44,000 after buying an additional 89 shares during the last quarter. Regency Capital Management Inc. DE bought a new position in Union Pacific during the first quarter worth $50,000. Finally, USA Financial Portformulas Corp bought a new position in Union Pacific during the second quarter worth $53,000. 77.07% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE UNP opened at $215.85 on Thursday. The stock has a market capitalization of $140.76 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.07 and a beta of 1.13. The company has a 50-day moving average price of $213.32 and a 200-day moving average price of $218.89. Union Pacific Co. has a 1 year low of $171.50 and a 1 year high of $231.26. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.86 and a quick ratio of 0.71.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 22nd. The railroad operator reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.17. The firm had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Union Pacific had a net margin of 28.60% and a return on equity of 37.65%. The business’s revenue was up 29.7% on a year-over-year basis. During the same period last year, the company earned $1.67 earnings per share. As a group, equities research analysts anticipate that Union Pacific Co. will post 10.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Tuesday, August 31st were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Monday, August 30th. Union Pacific’s payout ratio is currently 52.26%.

A number of brokerages recently weighed in on UNP. Zacks Investment Research downgraded shares of Union Pacific from a “hold” rating to a “sell” rating and set a $213.00 target price for the company. in a research note on Monday, October 4th. JPMorgan Chase & Co. raised shares of Union Pacific from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $234.00 to $247.00 in a research note on Friday, October 8th. Atlantic Securities began coverage on shares of Union Pacific in a research note on Monday, July 12th. They set an “overweight” rating and a $263.00 target price for the company. Morgan Stanley lifted their target price on shares of Union Pacific from $195.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Monday, July 26th. Finally, Benchmark raised their price target on shares of Union Pacific from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, July 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Union Pacific currently has an average rating of “Buy” and an average price target of $243.89.

Union Pacific Company Profile

Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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