Gold Investment Management Ltd. Boosts Holdings in Union Pacific Corporation $UNP

Gold Investment Management Ltd. increased its holdings in Union Pacific Corporation (NYSE:UNP) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,455 shares of the railroad operator’s stock after buying an additional 103 shares during the quarter. Union Pacific accounts for about 1.8% of Gold Investment Management Ltd.’s investment portfolio, making the stock its 15th largest position. Gold Investment Management Ltd.’s holdings in Union Pacific were worth $4,773,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UNP. Merit Financial Group LLC lifted its holdings in shares of Union Pacific by 7.4% in the first quarter. Merit Financial Group LLC now owns 25,207 shares of the railroad operator’s stock worth $5,955,000 after buying an additional 1,732 shares in the last quarter. RFG Advisory LLC raised its stake in Union Pacific by 68.1% during the first quarter. RFG Advisory LLC now owns 11,148 shares of the railroad operator’s stock valued at $2,634,000 after purchasing an additional 4,518 shares in the last quarter. Triangle Securities Wealth Management raised its stake in shares of Union Pacific by 5.8% in the first quarter. Triangle Securities Wealth Management now owns 2,493 shares of the railroad operator’s stock valued at $589,000 after acquiring an additional 136 shares during the period. Apella Capital LLC raised its stake in shares of Union Pacific by 714.2% in the first quarter. Apella Capital LLC now owns 9,591 shares of the railroad operator’s stock valued at $2,144,000 after acquiring an additional 8,413 shares during the period. Finally, Veracity Capital LLC raised its stake in shares of Union Pacific by 5.0% in the first quarter. Veracity Capital LLC now owns 3,170 shares of the railroad operator’s stock valued at $749,000 after acquiring an additional 152 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Union Pacific stock opened at $234.77 on Thursday. The company’s fifty day moving average price is $223.15 and its 200 day moving average price is $224.61. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The stock has a market capitalization of $139.23 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.46 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

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

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were paid a dividend of $1.38 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s dividend payout ratio is presently 47.96%.

Analysts Set New Price Targets

A number of research analysts have recently commented on UNP shares. Wells Fargo & Company upped their price target on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and increased their price target for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. Royal Bank Of Canada increased their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley decreased their price objective on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $260.00.

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.