Fox Run Management L.L.C. Acquires Shares of 4,424 Union Pacific Corporation $UNP

Fox Run Management L.L.C. bought a new position in Union Pacific Corporation (NYSE:UNP) in the second quarter, HoldingsChannel.com reports. The fund bought 4,424 shares of the railroad operator’s stock, valued at approximately $1,203,000.

Several other hedge funds have also modified their holdings of UNP. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific during the 4th quarter worth $25,000. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific in the 4th quarter valued at $25,000. SWAN Capital LLC increased its stake in shares of Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after buying an additional 103 shares during the period. High Point Wealth Management LLC acquired a new stake in shares of Union Pacific in the 4th quarter valued at $26,000. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Union Pacific during the fourth quarter worth $27,000. 80.38% of the stock is owned by institutional investors.

Insider Activity at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UNP has been the topic of several recent research reports. Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Robert W. Baird boosted their price target on shares of Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Benchmark increased their price objective on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 24th. Evercore reaffirmed an “outperform” rating and issued a $294.00 price objective on shares of Union Pacific in a research note on Thursday, June 25th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

Union Pacific Trading Down 1.4%

UNP opened at $293.57 on Friday. The stock has a market capitalization of $174.40 billion, a P/E ratio of 23.77, a P/E/G ratio of 3.00 and a beta of 0.96. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99. The firm’s fifty day simple moving average is $283.00 and its 200 day simple moving average is $265.13. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.03 earnings per share. As a group, research analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.9%. Union Pacific’s payout ratio is presently 44.70%.

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.