AM Investment Strategies LLC Makes New Investment in Union Pacific Corporation $UNP

Key Points

• AM Investment Strategies LLC purchased 1,106 shares of Union Pacific Corporation, valued at approximately $254,000, in the second quarter, indicating growing institutional interest in the railroad stock.
quarterly dividend increased from $1.34 to $1.38 per share, signifying a commitment to returning value to shareholders, with a 2.4% yield.
• Analyst ratings are generally positive, with a consensus rating of "Moderate Buy" and a price target of $259.38, reflecting confidence in the company's growth potential.

AM Investment Strategies LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,106 shares of the railroad operator's stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Financial Partners Group Inc lifted its holdings in shares of Union Pacific by 3.5% in the second quarter. Financial Partners Group Inc now owns 4,142 shares of the railroad operator's stock worth $953,000 after buying an additional 139 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Union Pacific by 42.3% in the second quarter. Fortitude Family Office LLC now owns 333 shares of the railroad operator's stock worth $77,000 after buying an additional 99 shares in the last quarter. Wealth Advisory Solutions LLC lifted its holdings in shares of Union Pacific by 0.3% in the second quarter. Wealth Advisory Solutions LLC now owns 21,766 shares of the railroad operator's stock worth $5,008,000 after buying an additional 65 shares in the last quarter. CHICAGO TRUST Co NA lifted its holdings in shares of Union Pacific by 24.3% in the second quarter. CHICAGO TRUST Co NA now owns 17,517 shares of the railroad operator's stock worth $4,030,000 after buying an additional 3,419 shares in the last quarter. Finally, Farmers Trust Co. lifted its holdings in shares of Union Pacific by 1.2% in the second quarter. Farmers Trust Co. now owns 16,371 shares of the railroad operator's stock worth $3,767,000 after buying an additional 188 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Analyst Ratings Changes

UNP has been the topic of a number of recent analyst reports. Loop Capital raised shares of Union Pacific from a "sell" rating to a "hold" rating and increased their price target for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. UBS Group increased their price target on shares of Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Susquehanna lowered their target price on shares of Union Pacific from $260.00 to $257.00 and set a "positive" rating on the stock in a research note on Wednesday, July 30th. Evercore ISI lowered their target price on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research note on Friday, July 25th. Finally, Barclays downgraded shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $259.38.

Union Pacific Trading Up 0.9%

Shares of UNP opened at $227.78 on Wednesday. The company has a market capitalization of $135.09 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.19 and a beta of 1.03. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The firm's 50 day simple moving average is $222.44 and its 200 day simple moving average is $224.72. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business's revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $2.74 earnings per share. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's payout ratio is 47.96%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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