University of Texas Texas AM Investment Management Co. Buys 1,851 Shares of Union Pacific Corporation $UNP

University of Texas Texas AM Investment Management Co. increased its position in Union Pacific Corporation (NYSE:UNP) by 1,667.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,962 shares of the railroad operator’s stock after buying an additional 1,851 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Union Pacific were worth $534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital World Investors raised its stake in Union Pacific by 92.1% during the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after buying an additional 9,655,306 shares during the period. Norges Bank acquired a new stake in Union Pacific in the fourth quarter valued at approximately $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Union Pacific by 72.7% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after acquiring an additional 3,861,636 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Union Pacific by 26.0% during the fourth quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock valued at $2,540,105,000 after acquiring an additional 2,267,708 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Union Pacific by 16.8% during the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock worth $3,509,030,000 after purchasing an additional 2,084,808 shares during the period. 80.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Union Pacific Trading Down 1.4%

NYSE:UNP opened at $293.57 on Friday. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The firm has a 50-day moving average price of $283.00 and a two-hundred day moving average price of $265.13. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The firm has a market cap of $174.40 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.96.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion for 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 company’s 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 EPS. On average, equities analysts expect that Union Pacific Corporation will post 12.93 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 Wednesday, September 30th. Investors 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 yield of 1.9%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. Union Pacific’s dividend payout ratio is 44.70%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UNP shares. BMO Capital Markets reiterated a “market perform” rating and issued a $320.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Evercore restated an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a report on Thursday, June 25th. Royal Bank Of Canada restated an “outperform” rating and set a $339.00 price objective (up from $289.00) on shares of Union Pacific in a report on Friday, July 24th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Monday, July 13th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

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.