Kornitzer Capital Management Inc. KS Increases Position in Union Pacific Corporation $UNP

Kornitzer Capital Management Inc. KS increased its holdings in Union Pacific Corporation (NYSE:UNP) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,393 shares of the railroad operator’s stock after acquiring an additional 2,890 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Union Pacific were worth $8,344,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Tucker Asset Management LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $25,000. SWAN Capital LLC grew its position in shares of Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after buying an additional 103 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific in the fourth quarter worth $25,000. Saranac Partners Ltd bought a new stake in shares of Union Pacific in the third quarter worth $27,000. Finally, High Point Wealth Management LLC acquired a new stake in Union Pacific in the fourth quarter valued at $26,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In other Union Pacific news, EVP Kenyatta G. Rocker sold 27,387 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This trade represents a 30.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,378 shares of company stock valued at $8,781,595 in the last quarter. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on UNP. BMO Capital Markets reiterated a “market perform” rating and set a $285.00 price objective (up from $278.00) on shares of Union Pacific in a research note on Friday, April 24th. Barclays restated an “overweight” rating and issued a $315.00 target price (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Benchmark increased their price target on shares of Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $289.00 price target (up from $273.00) on shares of Union Pacific in a research note on Friday, April 24th. Finally, Evercore reissued an “outperform” rating and issued a $294.00 price objective on shares of Union Pacific in a report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $290.39.

Union Pacific Stock Performance

Union Pacific stock traded up $2.23 during mid-day trading on Friday, reaching $287.27. The company’s stock had a trading volume of 1,876,184 shares, compared to its average volume of 2,394,006. The firm has a market cap of $170.55 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 3.00 and a beta of 0.96. The business has a 50 day moving average price of $269.23 and a 200-day moving average price of $253.94. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $288.90.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.70 earnings per share. Sell-side analysts predict that Union Pacific Corporation will post 12.56 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Union Pacific’s dividend payout ratio is currently 45.47%.

Trending Headlines about Union Pacific

Here are the key news stories impacting Union Pacific this week:

• Positive Sentiment: JPMorgan raised its price target on Union Pacific to $304 from $275, implying additional upside from current levels, while keeping a neutral rating. Article: Union Pacific price target raised by JPMorgan Chase & Co.
• Positive Sentiment: Stephens upgraded Union Pacific to strong-buy, signaling confidence in the railroad’s earnings outlook and valuation momentum. Article: Union Pacific was upgraded by Stephens
• Positive Sentiment: Coverage around Union Pacific and Norfolk Southern’s proposed merger continues to advance, with both companies filing responses as the regulatory review moves forward. Investors may see the deal as a potential long-term strategic catalyst if approved. Article: Norfolk Southern (NSC) Files Merger Response With Union Pacific As STB Review Advances
• Neutral Sentiment: Commentary on the proposed rail merger from Union Pacific and Norfolk Southern CEOs highlights the scale of the strategic opportunity, but also underscores that the deal remains subject to significant regulatory scrutiny. Article: EXCLUSIVE: Union Pacific, Norfolk Southern CEOs talk about the rail merger
• Neutral Sentiment: Seeking Alpha published a downgrade saying buying Union Pacific now may be “too late,” which adds a cautionary note but does not appear to outweigh the bullish analyst actions. Article: Union Pacific: Buying Now Feels Too Late (Rating Downgrade)

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.