MBB Public Markets I LLC Makes New $319,000 Investment in Union Pacific Corporation $UNP

Key Points

• MBB Public Markets I LLC acquired a new stake in Union Pacific Corporation valued at approximately $319,000, purchasing 1,350 shares in the first quarter.
• Union Pacific has increased its quarterly dividend to $1.38 per share, representing an annualized payout of $5.52 and a yield of 2.6%.
• The company's shares opened at $215.91, with a market cap of $128.05 billion, having reported earnings of $3.03 EPS for the last quarter, beating analysts' estimates.

MBB Public Markets I LLC purchased a new stake in Union Pacific Corporation (NYSE:UNP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,350 shares of the railroad operator's stock, valued at approximately $319,000.

Several other hedge funds have also modified their holdings of the business. Titleist Asset Management LLC increased its stake in Union Pacific by 1.1% in the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator's stock valued at $946,000 after purchasing an additional 44 shares in the last quarter. First Financial Bank Trust Division boosted its holdings in shares of Union Pacific by 1.7% during the first quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator's stock worth $662,000 after purchasing an additional 47 shares during the last quarter. Stiles Financial Services Inc boosted its holdings in Union Pacific by 1.6% in the first quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator's stock valued at $700,000 after acquiring an additional 48 shares during the last quarter. Avalon Trust Co boosted its holdings in Union Pacific by 5.1% in the first quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator's stock valued at $237,000 after acquiring an additional 49 shares during the last quarter. Finally, Mather Group LLC. boosted its holdings in Union Pacific by 1.7% in the first quarter. Mather Group LLC. now owns 3,041 shares of the railroad operator's stock valued at $718,000 after acquiring an additional 50 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Shares of NYSE UNP traded down $1.31 during mid-day trading on Friday, hitting $214.73. The company had a trading volume of 6,207,235 shares, compared to its average volume of 4,172,178. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The business's 50-day simple moving average is $224.46 and its 200-day simple moving average is $226.06. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The firm has a market cap of $127.34 billion, a P/E ratio of 18.66, a PEG ratio of 2.10 and a beta of 1.03.

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

Union Pacific Increases Dividend

The business 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 $1.38 dividend. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.6%. Union Pacific's dividend payout ratio is presently 47.96%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UNP. Jefferies Financial Group raised Union Pacific from a "hold" rating to a "buy" rating and lifted their target price for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Evercore ISI reduced their price objective on Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a research report on Friday, July 25th. Citigroup downgraded Union Pacific from a "strong-buy" rating to a "hold" rating and reduced their price objective for the stock from $270.00 to $250.00 in a research report on Wednesday, July 30th. Wells Fargo & Company upped their target price on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $263.00 price target on shares of Union Pacific in a report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $258.21.

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.