Ninepoint Partners LP Invests $2.35 Million in Union Pacific Corporation $UNP

Ninepoint Partners LP acquired a new stake in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,629 shares of the railroad operator’s stock, valued at approximately $2,347,000.

Several other institutional investors have also bought and sold shares of UNP. Capital World Investors increased its stake in Union Pacific by 92.1% during the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock valued at $4,658,142,000 after buying an additional 9,655,306 shares during the period. Norges Bank bought a new position in shares of Union Pacific in the fourth quarter valued at approximately $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Union Pacific by 72.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after acquiring an additional 3,861,636 shares during the period. Capital Research Global Investors increased its stake in shares of Union Pacific by 26.0% during the fourth quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock valued at $2,540,105,000 after acquiring an additional 2,267,708 shares during the period. Finally, Bank of America Corp DE raised its holdings in Union Pacific by 16.8% during the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock worth $3,509,030,000 after purchasing an additional 2,084,808 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by insiders.

Union Pacific Stock Performance

UNP opened at $304.34 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm has a market cap of $180.80 billion, a PE ratio of 24.64, a P/E/G ratio of 3.08 and a beta of 0.96. The business has a fifty day simple moving average of $285.59 and a 200-day simple moving average of $267.31. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $315.99.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the previous year, the firm earned $3.03 earnings per share. Union Pacific’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities analysts predict that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s payout ratio is currently 44.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UNP shares. Citigroup increased their price target on Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a research note on Friday, July 24th. The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the company a “neutral” rating in a report on Thursday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $335.00 target price (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. UBS Group reiterated a “neutral” rating and issued a $310.00 price target (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Evercore reissued an “outperform” rating and issued a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific 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.