Intech Investment Management LLC Has $10.15 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Intech Investment Management LLC increased its stake in shares of Union Pacific Co. (NYSE:UNP) by 41.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,869 shares of the railroad operator’s stock after purchasing an additional 13,244 shares during the period. Intech Investment Management LLC’s holdings in Union Pacific were worth $10,152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UNP. Forum Financial Management LP increased its holdings in Union Pacific by 0.6% in the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after purchasing an additional 41 shares in the last quarter. Prestige Wealth Management Group LLC raised its holdings in Union Pacific by 1.4% in the 1st quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock valued at $741,000 after buying an additional 42 shares during the last quarter. Fairhaven Wealth Management LLC boosted its position in Union Pacific by 1.7% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after buying an additional 43 shares during the period. Elevated Capital Advisors LLC grew its holdings in Union Pacific by 3.6% during the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock worth $312,000 after acquiring an additional 44 shares during the last quarter. Finally, Fortis Capital Advisors LLC increased its position in Union Pacific by 5.0% in the 1st quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock valued at $225,000 after acquiring an additional 44 shares during the period. Institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 1.2 %

Shares of Union Pacific stock opened at $245.39 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. Union Pacific Co. has a 52 week low of $199.33 and a 52 week high of $258.66. The stock has a 50 day moving average price of $245.45 and a two-hundred day moving average price of $239.17. The stock has a market capitalization of $149.49 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the business posted $2.57 EPS. Union Pacific’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts anticipate that Union Pacific Co. will post 11.11 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $1.34 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, August 30th. This represents a $5.36 annualized dividend and a yield of 2.18%. Union Pacific’s dividend payout ratio (DPR) is presently 51.15%.

Insider Buying and Selling at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the transaction, the president now owns 64,945 shares in the company, valued at $16,014,787.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

UNP has been the topic of several analyst reports. Benchmark reissued a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a research note on Monday, July 29th. BMO Capital Markets reduced their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday. Loop Capital downgraded Union Pacific from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $276.00 to $238.00 in a research report on Monday, June 17th. Wells Fargo & Company began coverage on Union Pacific in a report on Friday, June 7th. They issued an “overweight” rating and a $270.00 target price on the stock. Finally, Stifel Nicolaus lowered their price target on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.79.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.