J. Goldman & Co LP Invests $2.41 Million in Union Pacific Corporation $UNP

J. Goldman & Co LP purchased a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,872 shares of the railroad operator's stock, valued at approximately $2,413,000.

A number of other hedge funds have also recently added to or reduced their stakes in UNP. Rachor Investment Advisory Services LLC purchased a new position in shares of Union Pacific during the 4th quarter worth approximately $25,000. Tucker Asset Management LLC purchased a new position in Union Pacific in the fourth quarter worth $25,000. SWAN Capital LLC lifted its holdings in Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock valued at $25,000 after acquiring an additional 103 shares during the period. Cornerstone Financial Management LLC purchased a new stake in shares of Union Pacific during the 4th quarter worth $27,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Union Pacific during the 1st quarter worth $27,000. Institutional investors and hedge funds own 80.38% of the company's stock.

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.

Analyst Upgrades and Downgrades

UNP has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Union Pacific from $326.00 to $349.00 and gave the stock a "buy" rating in a report on Friday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Union Pacific from $304.00 to $334.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Stephens upgraded shares of Union Pacific to a "strong-buy" rating in a research report on Wednesday, July 8th. UBS Group reissued a "neutral" rating and set a $310.00 price target (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Weiss Ratings raised Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $320.89.

Union Pacific Stock Performance

Shares of UNP opened at $310.11 on Wednesday. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The stock has a market cap of $184.23 billion, a P/E ratio of 25.11, a PEG ratio of 3.16 and a beta of 0.96. 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 company has a 50-day moving average of $287.99 and a two-hundred day moving average of $268.73.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the prior year, the business earned $3.03 earnings per share. The company's quarterly revenue was up 11.5% on a year-over-year basis. As a group, research analysts predict that Union Pacific Corporation will post 12.93 EPS 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 dividend of $1.42 per share. This is a boost from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. Union Pacific's payout ratio is currently 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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