Shorepoint Capital Partners LLC Acquires Shares of 11,530 Union Pacific Corporation $UNP

Shorepoint Capital Partners LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,530 shares of the railroad operator’s stock, valued at approximately $2,725,000.

Other large investors have also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC increased its position in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after buying an additional 112 shares during the period. Howard Hughes Medical Institute purchased a new position in shares of Union Pacific during the second quarter worth approximately $30,000. Financial Gravity Companies Inc. acquired a new position in shares of Union Pacific in the 2nd quarter valued at $31,000. Total Investment Management Inc. acquired a new position in shares of Union Pacific in the 2nd quarter valued at $31,000. Finally, Access Investment Management LLC purchased a new stake in Union Pacific in the 2nd quarter valued at $32,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Cowen restated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $263.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Finally, BMO Capital Markets lowered their target price on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.54.

Union Pacific Trading Up 0.3%

Shares of UNP opened at $240.72 on Tuesday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $142.78 billion, a P/E ratio of 20.45, a PEG ratio of 2.66 and a beta of 0.99. The firm’s 50-day moving average is $226.45 and its two-hundred day moving average is $225.94.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same quarter in the previous year, the company earned $2.75 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be given a $1.38 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio (DPR) is currently 46.90%.

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.