111 Capital Increases Stock Position in Union Pacific Corporation $UNP

111 Capital raised its position in Union Pacific Corporation (NYSE:UNP) by 31.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,387 shares of the railroad operator’s stock after buying an additional 1,524 shares during the period. 111 Capital’s holdings in Union Pacific were worth $1,470,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new position in Union Pacific during the first quarter worth approximately $988,822,000. Goldman Sachs Group Inc. increased its position in shares of Union Pacific by 29.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after buying an additional 850,025 shares in the last quarter. Auto Owners Insurance Co raised its stake in shares of Union Pacific by 61,054.6% during the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after buying an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. purchased a new position in shares of Union Pacific during the 1st quarter valued at approximately $115,096,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after buying an additional 452,788 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Up 0.9%

UNP stock opened at $236.60 on Friday. 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 50-day moving average of $223.67 and a two-hundred day moving average of $224.59. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a market cap of $140.33 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.44 and a beta of 1.07.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same period in the previous year, the firm posted $2.74 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a dividend of $1.38 per share. The ex-dividend date was Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s payout ratio is presently 47.96%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on UNP shares. Sanford C. Bernstein boosted their price target on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and boosted their target price for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and upped their price target for the stock from $250.00 to $251.00 in a research report on Monday, September 15th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. Finally, Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $260.54.

Union Pacific Company Profile

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.