PCM Encore LLC Makes New Investment in Union Pacific Corporation $UNP

PCM Encore LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,131 shares of the railroad operator’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds also recently bought and sold shares of UNP. Cambient Family Office LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at $1,319,000. First National Bank of Omaha raised its position in 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 valued at $12,665,000 after acquiring an additional 14,399 shares in the last quarter. North Dakota State Investment Board acquired a new stake in Union Pacific in the fourth quarter valued at approximately $4,746,000. Sage Investment Advisers LLC acquired a new stake in Union Pacific in the fourth quarter valued at approximately $997,000. Finally, Truist Financial Corp grew its position in Union Pacific by 3.1% in the fourth quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock worth $235,038,000 after acquiring an additional 30,079 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 0.8%

Shares of Union Pacific stock opened at $304.34 on Friday. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. 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 stock has a 50 day moving average price of $285.59 and a two-hundred day moving average price of $267.31. The stock has a market capitalization of $180.80 billion, a P/E ratio of 24.64, a PEG ratio of 3.08 and a beta of 0.96.

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

Union Pacific Increases Dividend

The company also recently announced 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. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.9%. Union Pacific’s payout ratio is 44.70%.

Analysts Set New Price Targets

Several brokerages have recently commented on UNP. Evercore restated an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a research note on Thursday, June 25th. Susquehanna lifted their price objective on shares of Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Benchmark upped their price objective on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 24th. TD Cowen reissued a “buy” rating and set a $325.00 target price (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Citigroup raised their target price on Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a report on Friday, July 24th. Two research 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $320.89.

Insider Buying and Selling

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 shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is owned by company insiders.

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.