Lecap Asset Management Ltd. Invests $725,000 in Union Pacific Corporation $UNP

Key Points

• Lecap Asset Management Ltd. invested $725,000 in Union Pacific Corporation by purchasing 3,153 shares during the second quarter.
• Union Pacific's stock has received mixed analyst ratings, with 15 analysts rating it as Buy and 10 assigning a Hold rating, while its average price target is set at $260.00.
• The company recently declared a quarterly dividend of $1.38 per share, up from the previous dividend of $1.34, representing a 2.4% yield.

Lecap Asset Management Ltd. bought a new stake in Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,153 shares of the railroad operator's stock, valued at approximately $725,000.

A number of other hedge funds have also bought and sold shares of the business. Highline Wealth Partners LLC increased its position in shares of Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock worth $28,000 after buying an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in Union Pacific during the first quarter valued at about $32,000. WPG Advisers LLC purchased a new stake in Union Pacific during the first quarter worth about $33,000. Finally, Cornerstone Planning Group LLC raised its position in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after acquiring an additional 56 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on UNP. Barclays downgraded shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. UBS Group increased their price objective on Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a report on Friday, July 25th. BMO Capital Markets raised their target price on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Wells Fargo & Company upped their price target on Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Sanford C. Bernstein increased their price target on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $260.00.

Union Pacific Stock Down 0.0%

UNP stock opened at $234.65 on Friday. The stock has a 50-day simple moving average of $223.43 and a two-hundred day simple moving average of $224.59. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The firm has a market capitalization of $139.16 billion, a PE ratio of 20.39, a PEG ratio of 2.45 and a beta of 1.07. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. Union Pacific's revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $2.74 earnings per share. On average, equities analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a dividend of $1.38 per share. This is an increase from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. Union Pacific's dividend payout ratio (DPR) is presently 47.96%.

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.

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.