OP Asset Management Ltd Takes Position in Union Pacific Corporation $UNP

OP Asset Management Ltd acquired a new stake in Union Pacific Corporation (NYSE:UNP) in the 1st quarter, Holdings Channel.com reports. The fund acquired 104,722 shares of the railroad operator’s stock, valued at approximately $25,408,000.

Several other hedge funds have also recently bought and sold shares of the stock. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific during the fourth quarter worth $25,000. Tucker Asset Management LLC acquired a new position in Union Pacific in the 4th quarter worth $25,000. SWAN Capital LLC increased its holdings in Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. High Point Wealth Management LLC bought a new position in Union Pacific during the 4th quarter worth about $26,000. Finally, Caitlin John LLC acquired a new stake in shares of Union Pacific in the 3rd quarter valued at about $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Up 0.6%

NYSE UNP opened at $260.07 on Thursday. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $279.70. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. The stock has a 50 day moving average of $264.31 and a 200-day moving average of $250.45. The company has a market cap of $154.41 billion, a PE ratio of 21.42, a PEG ratio of 2.74 and a beta of 0.97.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.70 earnings per share. On average, equities research analysts anticipate that Union Pacific Corporation will post 12.55 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a dividend of $1.38 per share. The ex-dividend date is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific’s payout ratio is currently 45.47%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UNP. Royal Bank Of Canada restated an “outperform” rating and issued a $289.00 price target (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. Barclays reiterated an “overweight” rating and set a $315.00 price objective (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. Benchmark boosted their target price on Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 24th. BMO Capital Markets reaffirmed a “market perform” rating and set a $285.00 price target (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. Finally, Susquehanna reaffirmed a “positive” rating and set a $305.00 price target on shares of Union Pacific in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.21.

Insider Activity

In related news, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the transaction, the chief financial officer owned 114,642 shares in the company, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president directly owned 61,102 shares in the company, valued at approximately $16,605,079.52. This trade represents a 30.95% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 32,378 shares of company stock valued at $8,781,595. 0.22% of the stock is owned by company insiders.

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.