GAMMA Investing LLC Has $4.51 Million Holdings in Union Pacific Corporation $UNP

GAMMA Investing LLC increased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 20.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 16,582 shares of the railroad operator’s stock after acquiring an additional 2,829 shares during the period. GAMMA Investing LLC’s holdings in Union Pacific were worth $4,510,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of UNP. Capital World Investors raised its stake in Union Pacific by 92.1% during the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after acquiring an additional 9,655,306 shares in the last quarter. Norges Bank bought a new stake in shares of Union Pacific in the 4th quarter worth about $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Union Pacific by 72.7% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock worth $2,169,168,000 after purchasing an additional 3,861,636 shares during the last quarter. Capital Research Global Investors increased its position in shares of Union Pacific by 26.0% during the 4th quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock worth $2,540,105,000 after purchasing an additional 2,267,708 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Union Pacific by 16.8% during the 1st quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock worth $3,509,030,000 after purchasing an additional 2,084,808 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $296.52 on Wednesday. The business has a fifty day moving average of $278.63 and a 200-day moving average of $261.70. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The firm has a market cap of $176.16 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 2.98 and a beta of 0.96.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business 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 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities research analysts predict that Union Pacific Corporation will post 12.9 EPS for the current fiscal year.

Union Pacific Increases Dividend

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

Insider Buying and Selling at Union Pacific

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

Analysts Set New Price Targets

Several brokerages recently issued reports on UNP. BMO Capital Markets reissued a “market perform” rating and set a $320.00 price target (up from $285.00) 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 note on Friday, July 24th. Bank of America raised their price objective on shares of Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $335.00 target price (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Benchmark boosted their target price on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.