E Fund Management Co. Ltd. Acquires Shares of 2,228 Union Pacific Corporation $UNP

E Fund Management Co. Ltd. bought a new stake in shares of Union Pacific Corporation (NYSE:UNP) in the second quarter, HoldingsChannel reports. The institutional investor bought 2,228 shares of the railroad operator’s stock, valued at approximately $606,000.

Other large investors also recently modified their holdings of the company. Cambient Family Office LLC bought a new stake in shares of Union Pacific during the 4th quarter worth approximately $1,319,000. First National Bank of Omaha raised its position in Union Pacific by 35.8% during the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after purchasing an additional 14,399 shares in the last quarter. North Dakota State Investment Board acquired a new stake in shares of Union Pacific in the 4th quarter valued at $4,746,000. Sage Investment Advisers LLC acquired a new stake in shares of Union Pacific in the 4th quarter valued at $997,000. Finally, Truist Financial Corp increased its stake in shares of Union Pacific by 3.1% in the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock valued at $235,038,000 after purchasing an additional 30,079 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Up 0.8%

Shares of NYSE:UNP opened at $304.34 on Friday. The firm has a market cap of $180.80 billion, a P/E ratio of 24.64, a P/E/G ratio of 3.08 and a beta of 0.96. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The business has a fifty day simple moving average of $285.59 and a 200 day simple moving average of $267.31. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNP) last released 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 for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.03 EPS. Analysts predict that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be given a $1.42 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio is presently 44.70%.

Analyst Ratings Changes

UNP has been the subject of several recent analyst reports. Stephens upgraded Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Benchmark boosted their target price on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Evercore restated an “outperform” rating and issued a $294.00 price target on shares of Union Pacific in a research note on Thursday, June 25th. Two investment 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 stock. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $320.89.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction 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 sale, the executive vice president directly 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 SEC, which is available through the SEC website. Company insiders own 0.22% of the company’s stock.

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.