Moore Capital Management LP Raises Stake in Union Pacific Corporation $UNP

Key Points

• Moore Capital Management LP increased its stake in Union Pacific by 137.1% in Q3, adding 57,500 shares to own 99,447 shares worth about $23.5 million, per its SEC filing.
• Union Pacific missed quarterly EPS estimates ($2.86 vs. $2.92) with revenue down 0.6% year-over-year, and declared a quarterly dividend of $1.38 per share (annualized $5.52, ~2.3% yield).

Moore Capital Management LP boosted its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 137.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,447 shares of the railroad operator's stock after acquiring an additional 57,500 shares during the period. Moore Capital Management LP's holdings in Union Pacific were worth $23,506,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Howard Capital Management Group LLC lifted its position in shares of Union Pacific by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator's stock worth $532,000 after purchasing an additional 45 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake in shares of Union Pacific by 1.4% during the third quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator's stock worth $753,000 after purchasing an additional 45 shares in the last quarter. Keebeck Wealth Management increased its holdings in Union Pacific by 1.7% in the third quarter. Keebeck Wealth Management now owns 2,691 shares of the railroad operator's stock valued at $636,000 after buying an additional 45 shares during the last quarter. Hanson & Doremus Investment Management raised its stake in Union Pacific by 2.5% in the third quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator's stock valued at $444,000 after buying an additional 46 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its holdings in Union Pacific by 4.5% during the 3rd quarter. Silver Oak Securities Incorporated now owns 1,065 shares of the railroad operator's stock worth $252,000 after buying an additional 46 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Down 0.1%

Shares of NYSE:UNP opened at $242.27 on Tuesday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $268.14. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. The stock has a market cap of $143.76 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.65 and a beta of 0.95. The firm has a fifty day moving average price of $246.68 and a 200 day moving average price of $234.04.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts' consensus estimates of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. During the same quarter in the prior year, the firm posted $2.91 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. Union Pacific's dividend payout ratio (DPR) is currently 46.12%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UNP. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $267.00 price objective on shares of Union Pacific in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a research report on Thursday, December 11th. Robert W. Baird set a $311.00 target price on Union Pacific and gave the stock an "outperform" rating in a research note on Friday, March 6th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, January 27th. Finally, TD Cowen dropped their price target on shares of Union Pacific from $257.00 to $255.00 and set a "buy" rating on the stock in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Union Pacific currently has a consensus rating of "Moderate Buy" and an average target price of $263.77.

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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