Neo Ivy Capital Management Makes New Investment in Union Pacific Corporation (NYSE:UNP)

Key Points

• Neo Ivy Capital Management acquired a new stake in Union Pacific Corporation, purchasing 8,862 shares valued at approximately $2,094,000.
• The company recently announced an increased quarterly dividend of $1.38, up from $1.34, representing a 2.50% yield.
• Analysts have mixed ratings on the stock, with a consensus rating of “Moderate Buy” and a price target averaging $257.75.

Neo Ivy Capital Management acquired a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,862 shares of the railroad operator's stock, valued at approximately $2,094,000.

Several other large investors also recently modified their holdings of UNP. Highline Wealth Partners LLC grew its stake in Union Pacific by 103.5% in 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 period. EnRich Financial Partners LLC bought a new stake in shares of Union Pacific in the fourth quarter valued at $31,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Union Pacific in the first quarter valued at $32,000. Cornerstone Planning Group LLC raised its stake in shares of Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after purchasing an additional 56 shares during the period. Finally, Strategic Investment Solutions Inc. IL raised its stake in shares of Union Pacific by 38.8% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on UNP. Sanford C. Bernstein boosted their target price on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. UBS Group upped their price objective on Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday. Baird R W upgraded Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Wells Fargo & Company upped their price objective on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Argus upgraded Union Pacific to a "strong-buy" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $259.46.

Union Pacific Stock Down 4.1%

Shares of UNP stock traded down $9.42 during trading on Tuesday, hitting $219.82. 9,232,104 shares of the company were exchanged, compared to its average volume of 3,199,345. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The firm has a market capitalization of $131.34 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 2.24 and a beta of 1.05. The business's 50-day simple moving average is $227.17 and its 200 day simple moving average is $231.05. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating 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 company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter last year, the firm posted $2.74 earnings per share. The company's quarterly revenue was up 2.4% compared to the same quarter last year. As a group, analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be 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 of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.51%. Union Pacific's dividend payout ratio is 46.57%.

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.