NEOS Investment Management LLC Has $16.38 Million Position in Union Pacific Corporation $UNP

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Heartland Advisors Inc. bought a new position in Union Pacific during the 3rd quarter worth $136,000. Cassaday & Co Wealth Management LLC grew its stake in shares of Union Pacific by 2.3% in the third quarter. Cassaday & Co Wealth Management LLC now owns 7,937 shares of the railroad operator’s stock valued at $1,876,000 after acquiring an additional 178 shares in the last quarter. Bedel Financial Consulting Inc. grew its stake in shares of Union Pacific by 13.7% in the third quarter. Bedel Financial Consulting Inc. now owns 1,950 shares of the railroad operator’s stock valued at $461,000 after acquiring an additional 235 shares in the last quarter. Rothschild Investment LLC increased its position in Union Pacific by 1.2% during the third quarter. Rothschild Investment LLC now owns 37,873 shares of the railroad operator’s stock worth $8,952,000 after acquiring an additional 435 shares during the period. Finally, Merit Financial Group LLC raised its stake in Union Pacific by 4.1% in the 3rd quarter. Merit Financial Group LLC now owns 39,034 shares of the railroad operator’s stock worth $9,227,000 after purchasing an additional 1,522 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UNP has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. BMO Capital Markets set a $255.00 price target on Union Pacific in a research note on Wednesday, January 7th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research report on Thursday, December 18th. Barclays reaffirmed an “overweight” rating and issued a $285.00 price objective (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. Finally, TD Cowen cut their target price on Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $258.32.

Union Pacific Price Performance

Union Pacific stock opened at $262.64 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. The stock has a market capitalization of $155.85 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $265.37. The stock has a fifty day moving average of $237.56 and a 200-day moving average of $229.22.

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

Union Pacific Announces Dividend

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

Union Pacific Company 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.