iSAM Funds UK Ltd Purchases New Position in Union Pacific Corporation $UNP

iSAM Funds UK Ltd acquired a new position in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 21,471 shares of the railroad operator’s stock, valued at approximately $4,940,000. Union Pacific makes up 1.1% of iSAM Funds UK Ltd’s investment portfolio, making the stock its 3rd largest holding.

A number of other hedge funds have also bought and sold shares of the business. Norges Bank purchased a new stake in shares of Union Pacific during the second quarter worth $1,856,340,000. Northern Trust Corp raised its stake in shares of Union Pacific by 2.0% during the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after purchasing an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Union Pacific by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after purchasing an additional 354,463 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Union Pacific by 0.7% during the 2nd quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock worth $1,472,217,000 after purchasing an additional 46,436 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Union Pacific by 1.7% in the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after purchasing an additional 86,292 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Trading Up 0.1%

Shares of UNP opened at $235.46 on Tuesday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a market capitalization of $139.66 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.61 and a beta of 0.99. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. The firm’s 50 day simple moving average is $226.38 and its 200 day simple moving average is $225.45.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.75 EPS. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, December 5th. Union Pacific’s dividend payout ratio is currently 46.90%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Susquehanna reiterated a “positive” rating and set a $272.00 price target (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Citigroup upped their target price on shares of Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, The Goldman Sachs Group set a $263.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.63.

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.