Union Pacific Corporation $UNP Shares Acquired by Ironvine Capital Partners LLC

Ironvine Capital Partners LLC increased its holdings in Union Pacific Corporation (NYSE:UNP) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,825 shares of the railroad operator’s stock after buying an additional 5,225 shares during the period. Union Pacific comprises about 4.6% of Ironvine Capital Partners LLC’s holdings, making the stock its 7th largest position. Ironvine Capital Partners LLC’s holdings in Union Pacific were worth $52,176,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in UNP. Capital World Investors lifted its stake in Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock valued at $4,658,142,000 after buying an additional 9,655,306 shares in the last quarter. Norges Bank purchased a new position in Union Pacific during the fourth quarter worth $1,779,907,000. Legal & General Group Plc purchased a new position in Union Pacific during the second quarter worth $1,193,135,000. Canada Pension Plan Investment Board acquired a new position in shares of Union Pacific in the second quarter worth $1,094,677,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Union Pacific by 72.7% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock worth $2,169,168,000 after acquiring an additional 3,861,636 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on UNP shares. Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Erste Group Bank initiated coverage on shares of Union Pacific in a report on Thursday, August 27th. They issued a “buy” rating on the stock. The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a report on Thursday, July 23rd. Citigroup raised their price target on shares of Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Susquehanna lifted their price target on shares of Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $290.29 on Wednesday. The company has a market cap of $172.46 billion, a P/E ratio of 23.51, a P/E/G ratio of 2.99 and a beta of 0.96. The business has a fifty day simple moving average of $292.52 and a 200-day simple moving average of $270.39. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. 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 released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the business posted $3.03 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities research analysts forecast that Union Pacific Corporation will post 13.02 EPS for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is currently 45.99%.

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.