PointState Capital LP Takes $137.10 Million Position in Union Pacific Corporation $UNP

PointState Capital LP purchased a new position in shares of Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 504,063 shares of the railroad operator’s stock, valued at approximately $137,105,000. Union Pacific comprises approximately 1.8% of PointState Capital LP’s holdings, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in UNP. Cambient Family Office LLC acquired a new stake in shares of Union Pacific during the 4th quarter worth $1,319,000. First National Bank of Omaha boosted its holdings in Union Pacific by 35.8% in 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 during the last quarter. North Dakota State Investment Board acquired a new position in Union Pacific in the fourth quarter valued at $4,746,000. Sage Investment Advisers LLC purchased a new stake in Union Pacific during the fourth quarter valued at about $997,000. Finally, Truist Financial Corp grew its position in Union Pacific by 3.1% during the fourth quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock valued at $235,038,000 after acquiring an additional 30,079 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Trading Up 0.5%

UNP opened at $311.21 on Thursday. The firm has a market capitalization of $184.88 billion, a P/E ratio of 25.20, a P/E/G ratio of 3.16 and a beta of 0.96. The firm’s 50 day moving average is $289.07 and its 200-day moving average is $269.15. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week 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.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.03 earnings per share. Analysts expect 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 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 yield of 1.8%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio (DPR) is presently 44.70%.

Insider Buying and Selling

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the company’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 of the company’s stock, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

UNP has been the topic of a number of research reports. Citizens Jmp began coverage on Union Pacific in a report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 price objective on the stock. UBS Group reiterated a “neutral” rating and set a $310.00 target price (up from $286.00) on shares of Union Pacific in a report on Friday, July 24th. Benchmark increased their target price on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Stephens upgraded shares of Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Bank of America lifted their price target on shares of Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Two research 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 data from MarketBeat.com, the company currently has an average 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.