Meketa Capital LLC Takes Position in Union Pacific Co. (NYSE:UNP)

Meketa Capital LLC acquired a new position in Union Pacific Co. (NYSE:UNP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,956 shares of the railroad operator's stock, valued at approximately $902,000. Union Pacific makes up approximately 2.0% of Meketa Capital LLC's investment portfolio, making the stock its 19th largest position.

Several other hedge funds have also recently bought and sold shares of the business. Compass Financial Services Inc bought a new stake in shares of Union Pacific during the 4th quarter worth $25,000. Synergy Asset Management LLC bought a new stake in Union Pacific during the fourth quarter valued at about $29,000. EnRich Financial Partners LLC bought a new position in shares of Union Pacific in the fourth quarter worth about $31,000. PrairieView Partners LLC bought a new position in shares of Union Pacific in the fourth quarter worth about $34,000. Finally, Strategic Investment Solutions Inc. IL lifted its position 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 worth $39,000 after purchasing an additional 45 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Trading Up 6.7%

UNP stock opened at $230.91 on Tuesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. The stock has a market capitalization of $137.96 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 2.15 and a beta of 1.07. The business has a fifty day moving average price of $225.41 and a 200 day moving average price of $233.76. Union Pacific Co. has a fifty-two week low of $204.66 and a fifty-two week high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the prior year, the company earned $2.69 EPS. The firm's revenue was down .1% compared to the same quarter last year. Analysts expect that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $1.34 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.32%. Union Pacific's dividend payout ratio (DPR) is currently 48.29%.

Analyst Upgrades and Downgrades

Several research analysts have commented on UNP shares. Benchmark lifted their price target on Union Pacific from $266.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Citigroup raised shares of Union Pacific from a "neutral" rating to a "buy" rating and reduced their price target for the company from $260.00 to $244.00 in a report on Tuesday, April 8th. Stifel Nicolaus decreased their price target on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. TD Cowen upped their price objective on shares of Union Pacific from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, Barclays decreased their target price on Union Pacific from $285.00 to $260.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.86.

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.

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