GAMMA Investing LLC Purchases 2,829 Shares of Union Pacific Corporation $UNP

GAMMA Investing LLC boosted its position in shares of Union Pacific Corporation (NYSE:UNP) by 20.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,582 shares of the railroad operator’s stock after acquiring an additional 2,829 shares during the period. GAMMA Investing LLC’s holdings in Union Pacific were worth $4,510,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rachor Investment Advisory Services LLC acquired a new position in shares of Union Pacific during the 4th quarter worth about $25,000. Tucker Asset Management LLC acquired a new stake in Union Pacific in the 4th quarter valued at approximately $25,000. SWAN Capital LLC increased its position in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after buying an additional 103 shares during the period. High Point Wealth Management LLC bought a new position in Union Pacific in the 4th quarter worth approximately $26,000. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Union Pacific during the fourth quarter worth approximately $27,000. 80.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Robert W. Baird increased their price objective on Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. BMO Capital Markets reaffirmed a “market perform” rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. 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 target price for the company. Citigroup increased their price target on shares of Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $320.89.

Insider Transactions 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 shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.22% of the stock is owned by company insiders.

Union Pacific Price Performance

Shares of UNP stock opened at $296.52 on Wednesday. The stock has a 50 day moving average of $278.63 and a two-hundred day moving average of $261.70. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99. The company has a market capitalization of $176.16 billion, a P/E ratio of 24.01, a P/E/G ratio of 2.98 and a beta of 0.96.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.Union Pacific’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.03 EPS. As a group, equities analysts expect that Union Pacific Corporation will post 12.9 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently declared 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 an increase 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 is Monday, August 31st. Union Pacific’s dividend payout ratio is presently 44.70%.

About Union Pacific

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.