W1M Asset Management Ltd Makes New $1 Million Investment in Union Pacific Corporation $UNP

Key Points

• W1M Asset Management initiated a roughly $1.004 million position in Union Pacific by purchasing 3,695 shares. Institutional investors collectively own 80.38% of the railroad operator.
• Union Pacific reported stronger-than-expected quarterly results, with earnings of $3.41 per share and revenue of $6.86 billion, up 11.5% year over year.
• The company raised its quarterly dividend to $1.42 per share, equivalent to an annualized $5.68 payout and a 1.8% yield; analysts maintain a “Moderate Buy” consensus with a $320.89 price target.

W1M Asset Management Ltd bought a new stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 3,695 shares of the railroad operator's stock, valued at approximately $1,004,000.

Other institutional investors have also bought and sold shares of the company. Cambient Family Office LLC acquired a new stake in Union Pacific in the fourth quarter worth about $1,319,000. First National Bank of Omaha grew its position in shares of Union Pacific by 35.8% during the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator's stock worth $12,665,000 after buying an additional 14,399 shares during the period. North Dakota State Investment Board acquired a new stake in shares of Union Pacific during the 4th quarter worth approximately $4,746,000. Sage Investment Advisers LLC bought a new stake in shares of Union Pacific during the fourth quarter worth approximately $997,000. Finally, Truist Financial Corp raised its stake in shares of Union Pacific by 3.1% during the fourth quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator's stock worth $235,038,000 after buying an additional 30,079 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was 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 directly owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.22% of the company's stock.

Union Pacific Stock Up 1.3%

Shares of NYSE:UNP opened at $307.97 on Friday. The company has a 50 day moving average price of $286.30 and a two-hundred day moving average price of $267.60. 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 company has a market capitalization of $182.96 billion, a PE ratio of 24.94, a PEG ratio of 3.14 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 earnings per share 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 company had revenue of $6.86 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same period last year, the firm posted $3.03 earnings per share. The business's quarterly revenue was up 11.5% compared to the same quarter last year. Analysts forecast that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. Union Pacific's payout ratio is presently 44.70%.

Analyst Ratings Changes

A number of brokerages have issued reports on UNP. Stephens raised shares of Union Pacific to a "strong-buy" rating in a research note on Wednesday, July 8th. Benchmark increased their price target on Union Pacific from $325.00 to $335.00 and gave the company a "buy" rating in a research note on Friday, July 24th. TD Cowen reaffirmed a "buy" rating and set a $325.00 price objective (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. JPMorgan Chase & Co. upped their price objective on Union Pacific from $304.00 to $334.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Finally, The Goldman Sachs Group set a $317.00 target price on Union Pacific and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $320.89.

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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