504,063 Shares in Union Pacific Corporation $UNP Bought by PointState Capital LP

Key Points

• PointState Capital acquired 504,063 Union Pacific shares worth approximately $137.1 million in the second quarter, making UNP its 18th-largest holding and representing about 1.8% of its portfolio.
• Union Pacific reported quarterly EPS of $3.41, exceeding estimates of $3.26, while revenue rose 11.5% year over year to $6.86 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $320.89.
• The company increased its quarterly dividend to $1.42 per share, equivalent to $5.68 annually and a 1.8% yield; an executive separately sold 2,991 shares for about $789,500.

PointState Capital LP acquired a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 504,063 shares of the railroad operator's stock, valued at approximately $137,105,000. Union Pacific comprises about 1.8% of PointState Capital LP's investment portfolio, making the stock its 18th largest position. PointState Capital LP owned approximately 0.08% of Union Pacific as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of UNP. Tiemann Investment Advisors LLC increased its position in Union Pacific by 1.7% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator's stock valued at $576,000 after acquiring an additional 35 shares during the period. TFR Capital LLC. lifted its position in Union Pacific by 3.8% during the 2nd quarter. TFR Capital LLC. now owns 979 shares of the railroad operator's stock worth $266,000 after acquiring an additional 36 shares during the period. Key Financial Inc lifted its position in Union Pacific by 2.1% during the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator's stock worth $442,000 after acquiring an additional 38 shares during the period. Members Trust Co grew its stake in shares of Union Pacific by 2.5% in the 1st quarter. Members Trust Co now owns 1,573 shares of the railroad operator's stock valued at $382,000 after purchasing an additional 38 shares during the last quarter. Finally, EJMK Ventures LLC grew its stake in shares of Union Pacific by 4.0% in the 1st quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator's stock valued at $247,000 after purchasing an additional 39 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific 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 completion of the sale, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on UNP. TD Cowen restated a "buy" rating and set a $325.00 price target (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Susquehanna lifted their price objective on shares of Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a research report on Tuesday, July 14th. Barclays reissued an "overweight" rating and issued a $350.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Bank of America upped their price objective on shares of Union Pacific from $301.00 to $334.00 and gave the stock a "buy" rating in a research report on Thursday, July 23rd. Finally, Robert W. Baird raised their target price on shares of Union Pacific from $311.00 to $344.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $320.89.

Union Pacific Price Performance

Union Pacific stock opened at $311.21 on Thursday. The company has a market cap of $184.88 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 3.16 and a beta of 0.96. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99. The business has a fifty day moving average of $289.07 and a two-hundred day moving average of $269.15. 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 (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analysts' expectations of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.03 EPS. As a group, analysts predict that Union Pacific Corporation will post 12.93 earnings per share 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 issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. This is a boost from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific's dividend payout ratio is 44.70%.

About Union Pacific

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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