NEOS Investment Management LLC Has $26.30 Million Stake in Union Pacific Corporation $UNP

Key Points

• NEOS Investment Management increased its Union Pacific stake by 13.2% in the second quarter, bringing its holdings to 96,671 shares valued at approximately $26.3 million. Institutional investors collectively own 80.38% of the railroad operator.
• Union Pacific exceeded quarterly expectations with earnings of $3.41 per share and revenue of $6.86 billion, while revenue rose 11.5% year over year. The company also raised its quarterly dividend to $1.42 per share, representing a 2.0% yield.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $320.89 versus the reported share price of $289.54. Recent price targets range as high as $334.

NEOS Investment Management LLC increased its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 13.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,671 shares of the railroad operator's stock after purchasing an additional 11,260 shares during the quarter. NEOS Investment Management LLC's holdings in Union Pacific were worth $26,295,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of UNP. State Street Corp boosted its holdings in Union Pacific by 4.3% during the fourth quarter. State Street Corp now owns 26,330,080 shares of the railroad operator's stock valued at $6,090,674,000 after purchasing an additional 1,082,285 shares in the last quarter. Capital World Investors raised its holdings in shares of Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator's stock worth $4,658,142,000 after buying an additional 9,655,306 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Union Pacific by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator's stock worth $3,552,550,000 after buying an additional 296,814 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Union Pacific by 0.4% during the 2nd quarter. Bank of America Corp DE now owns 14,527,563 shares of the railroad operator's stock worth $3,951,497,000 after buying an additional 64,492 shares during the period. Finally, Morgan Stanley lifted its position in shares of Union Pacific by 5.0% during the 4th quarter. Morgan Stanley now owns 12,636,050 shares of the railroad operator's stock worth $2,922,971,000 after buying an additional 602,647 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Stock Up 0.1%

Shares of NYSE:UNP opened at $289.54 on Friday. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99. The company's 50-day moving average price is $293.96 and its two-hundred day moving average price is $270.92. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm has a market cap of $172.01 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.88 and a beta of 0.96.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share 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 firm had revenue of $6.86 billion during the quarter, compared to analysts' expectations of $6.72 billion. During the same quarter last year, the company posted $3.03 EPS. The company's quarterly revenue was up 11.5% compared to the same quarter last year. As a group, research analysts forecast that Union Pacific Corporation will post 13.02 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a $1.42 dividend. This is an increase from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific's dividend payout ratio (DPR) is 45.99%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UNP. JPMorgan Chase & Co. upped their price target on Union Pacific from $304.00 to $334.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Susquehanna boosted their target price on shares of Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. BMO Capital Markets restated a "market perform" rating and issued a $320.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. UBS Group reaffirmed a "neutral" rating and set a $310.00 price objective (up from $286.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Union Pacific currently has a consensus rating of "Moderate Buy" and an average target price of $320.89.

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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