Peak Asset Management LLC Invests $3.79 Million in Union Pacific Corporation $UNP

Peak Asset Management LLC acquired a new stake in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,934 shares of the railroad operator’s stock, valued at approximately $3,790,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rachor Investment Advisory Services LLC purchased a new stake in shares of Union Pacific during the fourth quarter worth about $25,000. Tucker Asset Management LLC purchased a new stake in Union Pacific in the 4th quarter worth approximately $25,000. SWAN Capital LLC grew its stake 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 acquiring an additional 103 shares during the period. High Point Wealth Management LLC acquired a new position in Union Pacific in the 4th quarter valued at $26,000. Finally, Cornerstone Financial Management LLC purchased a new position in shares of Union Pacific during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $339.00 price objective (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a report on Monday, July 13th. Citigroup increased their price objective on shares of Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Stephens raised shares of Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Evercore reaffirmed an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a research 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 company’s stock. According to MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $320.89.

Insider Activity at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.

Union Pacific Trading Up 0.6%

UNP opened at $309.83 on Tuesday. 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. The firm has a market capitalization of $184.06 billion, a P/E ratio of 25.09, a P/E/G ratio of 3.14 and a beta of 0.96. The firm’s 50 day moving average is $287.14 and its 200-day moving average is $268.31.

Union Pacific (NYSE:UNP) last issued 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. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business 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 announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio (DPR) is 45.99%.

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.