Park Presidio Capital LLC Makes New $108.47 Million Investment in Union Pacific Corporation $UNP

Park Presidio Capital LLC bought a new position in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 398,803 shares of the railroad operator’s stock, valued at approximately $108,474,000. Union Pacific comprises about 6.1% of Park Presidio Capital LLC’s investment portfolio, making the stock its 10th largest position.

Other institutional investors have also modified their holdings of the company. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Union Pacific during the second quarter worth about $34,000. Jones Financial Companies Lllp acquired a new position in Union Pacific in the second quarter worth about $4,602,000. Sone Capital Management LLC bought a new stake in Union Pacific in the second quarter valued at about $26,061,000. Van Hulzen Asset Management LLC bought a new stake in Union Pacific in the second quarter valued at about $3,554,000. Finally, Peak Asset Management LLC acquired a new stake in Union Pacific during the second quarter valued at approximately $3,790,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP opened at $309.83 on Tuesday. The firm has a market cap of $184.06 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 3.14 and a beta of 0.96. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $315.99. The company’s 50-day moving average price is $287.14 and its 200 day moving average price is $268.31. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

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

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a $1.42 dividend. This is a positive change 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 dividend yield of 1.8%. Union Pacific’s dividend payout ratio (DPR) is 45.99%.

Analyst Upgrades and Downgrades

A number of research firms have commented on UNP. TD Cowen reaffirmed a “buy” rating and set a $325.00 target price (up from $282.00) on shares of Union Pacific in a report on Friday, July 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $320.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Benchmark upped their price target on Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Evercore restated an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a research note on Thursday, June 25th. Finally, Stephens raised shares of Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $320.89.

Insider Activity

In related news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 owned 43,012 shares in the company, valued at $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.22% of the company’s stock.

About Union Pacific

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.