Shellback Capital LP Has $4.53 Million Stake in Union Pacific Co. (NYSE:UNP)

Shellback Capital LP increased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 28.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the railroad operator’s stock after acquiring an additional 4,400 shares during the period. Shellback Capital LP’s holdings in Union Pacific were worth $4,525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. OLD Point Trust & Financial Services N A bought a new stake in shares of Union Pacific during the fourth quarter worth $25,000. Richardson Capital Management LLC bought a new position in shares of Union Pacific in the first quarter valued at about $26,000. Raleigh Capital Management Inc. lifted its position in Union Pacific by 211.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after buying an additional 74 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in Union Pacific in the 2nd quarter valued at about $27,000. Finally, Scarborough Advisors LLC bought a new position in shares of Union Pacific in the fourth quarter worth about $29,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Down 0.9 %

Shares of Union Pacific stock opened at $243.23 on Friday. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The company has a market capitalization of $148.18 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The business has a 50-day moving average of $245.77 and a two-hundred day moving average of $239.01.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the firm posted $2.57 earnings per share. The business’s revenue was up .7% on a year-over-year basis. As a group, equities analysts predict that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $1.34 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Friday, August 30th. Union Pacific’s dividend payout ratio is currently 51.15%.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on UNP. Royal Bank of Canada reissued an “outperform” rating and set a $275.00 price target on shares of Union Pacific in a research note on Friday, September 20th. Loop Capital cut Union Pacific from a “buy” rating to a “hold” rating and lowered their target price for the company from $276.00 to $238.00 in a research note on Monday, June 17th. Bank of America dropped their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and decreased their price target for the company from $254.00 to $247.00 in a report on Wednesday. Finally, Susquehanna dropped their price objective on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a report on Tuesday, June 25th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.11.

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.