Motiv8 Investments LLC Raises Stake in Union Pacific Corporation $UNP

Motiv8 Investments LLC boosted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 10.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,291 shares of the railroad operator’s stock after buying an additional 507 shares during the quarter. Motiv8 Investments LLC’s holdings in Union Pacific were worth $1,217,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Comprehensive Financial Consultants Institutional Inc. grew its position in shares of Union Pacific by 4.2% during the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 18,105 shares of the railroad operator’s stock valued at $4,166,000 after acquiring an additional 727 shares during the period. Belpointe Asset Management LLC lifted its stake in Union Pacific by 41.1% in the second quarter. Belpointe Asset Management LLC now owns 8,962 shares of the railroad operator’s stock valued at $2,062,000 after purchasing an additional 2,609 shares during the last quarter. Cullinan Associates Inc. grew its holdings in Union Pacific by 1.7% during the second quarter. Cullinan Associates Inc. now owns 18,070 shares of the railroad operator’s stock valued at $4,158,000 after purchasing an additional 300 shares during the period. Joule Financial LLC increased its position in Union Pacific by 3.7% in the second quarter. Joule Financial LLC now owns 1,831 shares of the railroad operator’s stock worth $421,000 after buying an additional 66 shares during the last quarter. Finally, Plimoth Trust Co. LLC raised its stake in shares of Union Pacific by 4.0% in the second quarter. Plimoth Trust Co. LLC now owns 12,987 shares of the railroad operator’s stock valued at $2,988,000 after buying an additional 498 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

UNP has been the subject of several recent research reports. Morgan Stanley reduced their target price on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. BMO Capital Markets increased their price objective on Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. Finally, Evercore ISI decreased their target price on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $260.54.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $236.60 on Monday. The firm has a market capitalization of $140.33 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The business’s 50-day moving average price is $223.67 and its 200-day moving average price is $224.44.

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

Union Pacific Increases Dividend

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

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.