Edgar Lomax Co. VA Makes New $23.06 Million Investment in Union Pacific Corporation $UNP

Key Points

• Edgar Lomax Co. VA has made a new investment of approximately $23.06 million in Union Pacific Corporation by acquiring 97,605 shares, representing 1.4% of its total holdings.
• Union Pacific recently increased its quarterly dividend from $1.34 to $1.38 per share, which translates to an annual yield of 2.5% and a payout ratio of 46.57%.
• Analysts have mixed ratings on Union Pacific, with a consensus rating of "Moderate Buy" and a price target ranging from $238 to $277.

Edgar Lomax Co. VA acquired a new stake in Union Pacific Corporation (NYSE:UNP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 97,605 shares of the railroad operator's stock, valued at approximately $23,058,000. Union Pacific comprises 1.4% of Edgar Lomax Co. VA's holdings, making the stock its 29th largest position.

A number of other institutional investors have also recently bought and sold shares of UNP. Highline Wealth Partners LLC grew its stake in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after buying an additional 59 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific in the first quarter valued at $32,000. Cornerstone Planning Group LLC raised its holdings in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after acquiring an additional 56 shares in the last quarter. IMA Advisory Services Inc. acquired a new stake in Union Pacific in the first quarter valued at $43,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of Union Pacific during the first quarter worth $55,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup cut shares of Union Pacific from a "strong-buy" rating to a "hold" rating and dropped their price objective for the stock from $270.00 to $250.00 in a report on Wednesday, July 30th. UBS Group boosted their target price 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. BMO Capital Markets lifted their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Evercore ISI lowered their price objective on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a research report on Friday, July 25th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $263.00 price objective on shares of Union Pacific in a research report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.21.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $220.55 on Monday. The firm has a market capitalization of $130.79 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 2.14 and a beta of 1.05. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $258.07. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The business's 50-day moving average price is $227.06 and its 200-day moving average price is $229.29.

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

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. Union Pacific's dividend payout ratio (DPR) is currently 46.57%.

About Union Pacific

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.

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.