Old West Investment Management LLC Grows Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Old West Investment Management increased its Union Pacific stake by 43.2% in the second quarter, holding 52,870 shares valued at approximately $14.4 million. Institutional investors collectively own 80.38% of UNP.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $320.89; several firms recently raised their targets to between $325 and $339.
• Union Pacific beat quarterly expectations with $3.41 in adjusted EPS and $6.86 billion in revenue, while revenue grew 11.5% year over year. The company also raised its quarterly dividend to $1.42 per share, or $5.68 annually.

Old West Investment Management LLC raised its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 43.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,870 shares of the railroad operator's stock after buying an additional 15,945 shares during the quarter. Union Pacific comprises about 1.5% of Old West Investment Management LLC's investment portfolio, making the stock its 24th biggest holding. Old West Investment Management LLC's holdings in Union Pacific were worth $14,381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. RW Investment Management LLC purchased a new stake in shares of Union Pacific in the second quarter worth $223,000. HBK Sorce Advisory LLC raised its position in shares of Union Pacific by 3.2% in the 2nd quarter. HBK Sorce Advisory LLC now owns 9,455 shares of the railroad operator's stock worth $2,794,000 after purchasing an additional 295 shares during the last quarter. Continuum Advisory LLC boosted its stake in Union Pacific by 5.7% in the 2nd quarter. Continuum Advisory LLC now owns 2,708 shares of the railroad operator's stock worth $737,000 after purchasing an additional 147 shares in the last quarter. Tulsa Wealth Advisors INC boosted its stake in Union Pacific by 2.0% in the 2nd quarter. Tulsa Wealth Advisors INC now owns 13,132 shares of the railroad operator's stock worth $3,572,000 after purchasing an additional 255 shares in the last quarter. Finally, Northstar Financial Companies Inc. grew its position in Union Pacific by 14.5% during the 2nd quarter. Northstar Financial Companies Inc. now owns 1,583 shares of the railroad operator's stock valued at $431,000 after purchasing an additional 200 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UNP has been the subject of a number of analyst reports. Royal Bank Of Canada restated an "outperform" rating and set a $339.00 price objective (up from $289.00) on shares of Union Pacific in a research note on Friday, July 24th. Susquehanna boosted their price objective on shares of Union Pacific from $305.00 to $333.00 and gave the stock a "positive" rating in a report on Tuesday, July 14th. TD Cowen reaffirmed a "buy" rating and issued a $325.00 price objective (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Wells Fargo & Company reiterated an "overweight" rating and set a $335.00 target price (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $320.89.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares of the company's stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company's stock.

Union Pacific Price Performance

UNP opened at $299.10 on Wednesday. The company's 50-day simple moving average is $284.18 and its two-hundred day simple moving average is $266.34. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The stock has a market capitalization of $177.69 billion, a P/E ratio of 24.22, a P/E/G ratio of 3.00 and a beta of 0.96. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $6.72 billion. During the same period in the previous year, the business posted $3.03 earnings per share. The business's revenue for the quarter was up 11.5% on a year-over-year basis. As a group, analysts predict that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, August 31st. Union Pacific's dividend payout ratio is 44.70%.

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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