180 GPS Investments IC Ltd Buys New Holdings in Union Pacific Corporation $UNP

180 GPS Investments IC Ltd purchased a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 34,851 shares of the railroad operator's stock, valued at approximately $9,479,000. Union Pacific makes up 7.0% of 180 GPS Investments IC Ltd's portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Cambient Family Office LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at about $1,319,000. First National Bank of Omaha boosted its stake in shares of Union Pacific by 35.8% during the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator's stock worth $12,665,000 after buying an additional 14,399 shares during the period. North Dakota State Investment Board purchased a new position in shares of Union Pacific during the fourth quarter worth about $4,746,000. Sage Investment Advisers LLC acquired a new position in Union Pacific in the 4th quarter valued at about $997,000. Finally, Truist Financial Corp raised its stake in Union Pacific by 3.1% during the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator's stock valued at $235,038,000 after acquiring an additional 30,079 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

NYSE UNP opened at $299.10 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The company has a market capitalization of $177.69 billion, a P/E ratio of 24.22, a PEG ratio of 3.00 and a beta of 0.96. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99. The business has a 50 day moving average price of $284.18 and a 200 day moving average price of $266.34.

Union Pacific (NYSE:UNP - Get Free Report) last released 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 return on equity of 38.46% and a net margin of 28.85%.The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the previous year, the company posted $3.03 EPS. The business's revenue was up 11.5% on a year-over-year basis. Sell-side analysts expect that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a yield of 1.9%. Union Pacific's dividend payout ratio (DPR) is 44.70%.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of recent research reports. Bank of America increased their price objective on Union Pacific from $301.00 to $334.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. BMO Capital Markets reissued a "market perform" rating and issued a $320.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Weiss Ratings upgraded Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Evercore reiterated an "outperform" rating and issued a $294.00 price objective on shares of Union Pacific in a research report on Thursday, June 25th. Finally, Robert W. Baird boosted their price objective on shares of Union Pacific from $311.00 to $344.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Two equities research 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 company. Based on data from MarketBeat.com, Union Pacific currently has a consensus rating of "Moderate Buy" and a consensus target price of $320.89.

Insiders Place Their Bets

In other news, EVP Eric J. Gehringer sold 2,991 shares of the business's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares of the company's stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.22% of the company's stock.

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.

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