NEOS Investment Management LLC Buys 13,142 Shares of Union Pacific Corporation $UNP

NEOS Investment Management LLC boosted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 23.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,291 shares of the railroad operator’s stock after buying an additional 13,142 shares during the quarter. NEOS Investment Management LLC’s holdings in Union Pacific were worth $16,378,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Howard Hughes Medical Institute acquired a new stake in Union Pacific during the 2nd quarter valued at approximately $30,000. Financial Gravity Companies Inc. acquired a new stake in shares of Union Pacific during the second quarter worth $31,000. Total Investment Management Inc. bought a new position in Union Pacific during the second quarter worth $31,000. Access Investment Management LLC bought a new position in Union Pacific during the second quarter worth $32,000. Finally, Sagard Holdings Management Inc. acquired a new position in Union Pacific in the second quarter valued at $33,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 0.8%

NYSE:UNP opened at $262.64 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. Union Pacific Corporation has a one year low of $204.66 and a one year high of $265.37. The company has a market cap of $155.85 billion, a PE ratio of 21.94, a PEG ratio of 2.84 and a beta of 0.98. The firm has a 50-day moving average of $237.56 and a 200-day moving average of $229.22.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.06). The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. Union Pacific’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.91 EPS. As a group, equities research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific’s payout ratio is presently 46.12%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UNP. Citigroup reiterated a “buy” rating and set a $270.00 price target (up from $265.00) on shares of Union Pacific in a report on Wednesday, January 28th. Barclays reaffirmed an “overweight” rating and set a $285.00 target price (up previously from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. TD Cowen dropped their price target on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a report on Thursday, December 18th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $267.00 price objective on shares of Union Pacific in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.32.

Union Pacific Profile

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.