Artemis Investment Management LLP Raises Stock Position in Union Pacific Co. (NYSE:UNP)

Artemis Investment Management LLP lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 0.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,852 shares of the railroad operator’s stock after purchasing an additional 176 shares during the quarter. Artemis Investment Management LLP’s holdings in Union Pacific were worth $11,270,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Desjardins Global Asset Management Inc. increased its position in shares of Union Pacific by 1.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 3,000 shares of the railroad operator’s stock worth $737,000 after acquiring an additional 41 shares during the period. Twin Capital Management Inc. increased its holdings in Union Pacific by 3.0% during the 4th quarter. Twin Capital Management Inc. now owns 1,394 shares of the railroad operator’s stock worth $342,000 after purchasing an additional 41 shares during the period. Sunburst Financial Group LLC raised its position in Union Pacific by 1.8% in the 4th quarter. Sunburst Financial Group LLC now owns 2,393 shares of the railroad operator’s stock valued at $588,000 after purchasing an additional 42 shares in the last quarter. Mission Wealth Management LP boosted its stake in shares of Union Pacific by 0.5% in the 4th quarter. Mission Wealth Management LP now owns 7,838 shares of the railroad operator’s stock valued at $1,925,000 after buying an additional 42 shares during the period. Finally, Berkeley Capital Partners LLC grew its position in shares of Union Pacific by 1.0% during the fourth quarter. Berkeley Capital Partners LLC now owns 4,100 shares of the railroad operator’s stock worth $1,007,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $226.27 on Friday. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66. The stock has a market capitalization of $138.05 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.82 and a beta of 1.05. The company has a 50-day simple moving average of $233.31 and a 200-day simple moving average of $240.24. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.93.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, beating the consensus estimate of $2.50 by $0.19. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same period in the prior year, the business earned $2.67 EPS. The firm’s revenue was down .4% compared to the same quarter last year. On average, analysts predict that Union Pacific Co. will post 11.25 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, May 31st. Union Pacific’s dividend payout ratio is presently 49.62%.

Analyst Ratings Changes

UNP has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Union Pacific from $237.00 to $243.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. TD Cowen raised their price objective on shares of Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a report on Friday, April 26th. Raymond James reiterated a “strong-buy” rating and set a $280.00 target price (up previously from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Morgan Stanley raised their price target on Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, Benchmark upped their price objective on Union Pacific from $260.00 to $266.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $258.92.

Union Pacific Company Profile

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.