Jupiter Topco LLC Takes Position in Union Pacific Corporation $UNP

Jupiter Topco LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,762,230 shares of the railroad operator’s stock, valued at approximately $479,274,000. Jupiter Topco LLC owned about 0.30% of Union Pacific as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tiemann Investment Advisors LLC lifted its stake in shares of Union Pacific by 1.7% during the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator’s stock worth $576,000 after purchasing an additional 35 shares during the period. TFR Capital LLC. boosted its holdings in shares of Union Pacific by 3.8% during the second quarter. TFR Capital LLC. now owns 979 shares of the railroad operator’s stock worth $266,000 after purchasing an additional 36 shares during the last quarter. Key Financial Inc grew its position in shares of Union Pacific by 2.1% in the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after purchasing an additional 38 shares during the period. Members Trust Co grew its position in shares of Union Pacific by 2.5% in the first quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock valued at $382,000 after purchasing an additional 38 shares during the period. Finally, EJMK Ventures LLC increased its stake in Union Pacific by 4.0% in the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock valued at $247,000 after purchasing an additional 39 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UNP. Robert W. Baird increased their target price on Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Evercore reaffirmed an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a research note on Thursday, June 25th. BMO Capital Markets reiterated a “market perform” rating and set a $320.00 price objective (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Citizens Jmp assumed coverage on shares of Union Pacific in a report on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price objective on the stock. Finally, Barclays restated an “overweight” rating and issued a $350.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $320.89.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $310.11 on Wednesday. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The stock has a market capitalization of $184.23 billion, a P/E ratio of 25.11, a PEG ratio of 3.16 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The business’s fifty day moving average price is $287.99 and its 200 day moving average price is $268.73.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (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%.The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.03 earnings per share. As a group, research analysts anticipate 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. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, August 31st. 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%.

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.