Ieq Capital LLC Invests $4.33 Million in Union Pacific Corporation $UNP

Ieq Capital LLC acquired a new stake in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,928 shares of the railroad operator’s stock, valued at approximately $4,332,000.

A number of other hedge funds also recently added to or reduced their stakes in UNP. Cambient Family Office LLC acquired a new stake in Union Pacific during the 4th quarter worth $1,319,000. First National Bank of Omaha grew its holdings in shares of Union Pacific by 35.8% during the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after purchasing an additional 14,399 shares during the last quarter. North Dakota State Investment Board purchased a new position in shares of Union Pacific during the fourth quarter worth about $4,746,000. Sage Investment Advisers LLC acquired a new stake in shares of Union Pacific during the fourth quarter worth about $997,000. Finally, Truist Financial Corp lifted its holdings in shares of Union Pacific by 3.1% in the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock valued at $235,038,000 after purchasing an additional 30,079 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Up 0.6%

Shares of Union Pacific stock opened at $309.83 on Tuesday. The company has a market cap of $184.06 billion, a P/E ratio of 25.09, a PEG ratio of 3.14 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99. The firm has a fifty day moving average of $287.14 and a two-hundred day moving average of $268.31.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.03 earnings per share. On average, analysts forecast that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is currently 45.99%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UNP shares. Royal Bank Of Canada restated an “outperform” rating and set a $339.00 price target (up from $289.00) on shares of Union Pacific in a research note on Friday, July 24th. Citigroup raised their target price on shares of Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Stephens raised shares of Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Citizens Jmp initiated coverage on shares of Union Pacific in a research note on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price target for the company. Finally, The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $320.89.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by corporate insiders.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.