Fox Run Management L.L.C. Purchases Shares of 4,424 Union Pacific Corporation $UNP

Key Points

• Fox Run Management initiated a Union Pacific position by purchasing 4,424 shares valued at approximately $1.2 million. Institutional investors collectively own 80.38% of the railroad operator.
• Union Pacific reported quarterly earnings of $3.41 per share and revenue of $6.86 billion, exceeding analyst estimates; revenue increased 11.5% year over year.
• The company raised its quarterly dividend to $1.42 per share, while analysts maintained a “Moderate Buy” consensus with an average price target of $320.89.

Fox Run Management L.L.C. acquired a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,424 shares of the railroad operator's stock, valued at approximately $1,203,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tucker Asset Management LLC bought a new position in Union Pacific during the fourth quarter worth about $25,000. SWAN Capital LLC boosted its holdings in Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at approximately $25,000. High Point Wealth Management LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at approximately $26,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Union Pacific in the 1st quarter worth approximately $27,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Performance

NYSE UNP opened at $293.57 on Friday. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99. The company has a 50 day moving average of $283.00 and a 200-day moving average of $265.13. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The firm has a market cap of $174.40 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.00 and a beta of 0.96.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.Union Pacific's revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.03 EPS. On average, equities analysts forecast that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

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

Insider Transactions at Union Pacific

In other Union Pacific 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 transaction, the executive vice president owned 43,012 shares of the company's stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.22% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on UNP. Robert W. Baird raised their target price on Union Pacific from $311.00 to $344.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Citigroup upped their price target on Union Pacific from $326.00 to $349.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Royal Bank Of Canada reiterated 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 lifted their price objective on Union Pacific from $301.00 to $334.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Two 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 stock. Based on data from MarketBeat, Union Pacific currently has an average rating of "Moderate Buy" and an average 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.

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