Union Pacific Co. (NYSE:UNP) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in Union Pacific Co. (NYSE:UNP) by 53.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,222 shares of the railroad operator’s stock after purchasing an additional 2,524 shares during the period. GAMMA Investing LLC’s holdings in Union Pacific were worth $1,634,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Advisory Alpha LLC raised its holdings in shares of Union Pacific by 14.3% during the fourth quarter. Advisory Alpha LLC now owns 2,147 shares of the railroad operator’s stock valued at $527,000 after acquiring an additional 268 shares during the period. Clear Creek Financial Management LLC raised its holdings in shares of Union Pacific by 5.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 1,015 shares of the railroad operator’s stock valued at $239,000 after acquiring an additional 52 shares during the period. DB Fitzpatrick & Co Inc raised its holdings in shares of Union Pacific by 16.8% during the fourth quarter. DB Fitzpatrick & Co Inc now owns 8,201 shares of the railroad operator’s stock valued at $2,014,000 after acquiring an additional 1,177 shares during the period. Comprehensive Financial Consultants Institutional Inc. raised its holdings in shares of Union Pacific by 5.7% during the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 13,995 shares of the railroad operator’s stock valued at $3,437,000 after acquiring an additional 756 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of Union Pacific by 1.0% during the fourth quarter. Private Trust Co. NA now owns 15,925 shares of the railroad operator’s stock valued at $3,911,000 after acquiring an additional 157 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Whited Elizabeth 3,553 shares of the stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. Corporate insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada cut their price target on shares of Union Pacific from $281.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Morgan Stanley boosted their price objective on shares of Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their price objective on shares of Union Pacific from $237.00 to $243.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Loop Capital downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and lowered their price objective for the company from $276.00 to $238.00 in a research report on Monday, June 17th. Finally, Wells Fargo & Company assumed coverage on shares of Union Pacific in a research report on Friday, June 7th. They set an “overweight” rating and a $270.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $258.79.

Union Pacific Stock Performance

Shares of NYSE UNP traded down $4.50 during trading hours on Friday, hitting $239.97. 2,114,653 shares of the stock were exchanged, compared to its average volume of 2,386,958. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The company’s 50 day moving average is $230.71 and its 200 day moving average is $239.25. The firm has a market capitalization of $146.19 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.12 and a beta of 1.06. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.03. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. Union Pacific’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.57 EPS. On average, research analysts expect that Union Pacific Co. will post 11.12 EPS for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a dividend of $1.34 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a yield of 2.23%. The ex-dividend date is Friday, August 30th. Union Pacific’s dividend payout ratio is presently 49.62%.

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.