Trilogy Capital Inc. acquired a new stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,912 shares of the railroad operator’s stock, valued at approximately $2,971,000.
Several other hedge funds also recently bought and sold shares of the company. Panoramic Capital Partners LLC purchased a new position in Union Pacific during the second quarter valued at approximately $209,000. Impact Capital Partners LLC grew its stake in Union Pacific by 2.4% during the second quarter. Impact Capital Partners LLC now owns 9,029 shares of the railroad operator’s stock valued at $2,077,000 after acquiring an additional 212 shares in the last quarter. Childress Capital Advisors LLC grew its stake in Union Pacific by 23.4% during the second quarter. Childress Capital Advisors LLC now owns 2,925 shares of the railroad operator’s stock valued at $673,000 after acquiring an additional 555 shares in the last quarter. PFG Investments LLC grew its stake in Union Pacific by 3.5% during the second quarter. PFG Investments LLC now owns 9,056 shares of the railroad operator’s stock valued at $2,084,000 after acquiring an additional 308 shares in the last quarter. Finally, Columbia Asset Management grew its stake in Union Pacific by 3.1% during the second quarter. Columbia Asset Management now owns 23,296 shares of the railroad operator’s stock valued at $5,360,000 after acquiring an additional 690 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.
Union Pacific Stock Up 0.1%
Shares of UNP opened at $236.40 on Wednesday. The firm has a market capitalization of $140.19 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.46 and a beta of 1.03. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The firm has a fifty day moving average price of $223.07 and a 200-day moving average price of $224.54.
Union Pacific Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a $1.38 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.3%. Union Pacific’s dividend payout ratio is currently 47.96%.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Baird R W raised shares of Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and lifted their target price for the company from $250.00 to $251.00 in a research report on Monday, September 15th. Susquehanna restated a “positive” rating and issued a $272.00 price objective (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. Finally, Robert W. Baird assumed coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.00.
Read Our Latest Analysis on UNP
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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