NEOS Investment Management LLC Purchases 11,260 Shares of Union Pacific Corporation $UNP

NEOS Investment Management LLC raised its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 13.2% during the second quarter, HoldingsChannel.com reports. The firm owned 96,671 shares of the railroad operator’s stock after acquiring an additional 11,260 shares during the quarter. NEOS Investment Management LLC’s holdings in Union Pacific were worth $26,295,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Capital Advisors Inc. OK grew its holdings in Union Pacific by 1.8% during the 2nd quarter. Capital Advisors Inc. OK now owns 1,888 shares of the railroad operator’s stock worth $513,000 after acquiring an additional 34 shares during the period. Tiemann Investment Advisors LLC lifted its stake in shares of Union Pacific by 1.7% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator’s stock valued at $576,000 after purchasing an additional 35 shares during the period. Burford Brothers Inc. boosted its position in shares of Union Pacific by 1.9% in the 2nd quarter. Burford Brothers Inc. now owns 1,877 shares of the railroad operator’s stock worth $511,000 after purchasing an additional 35 shares during the last quarter. TFR Capital LLC. boosted its position in shares of Union Pacific by 3.8% in the 2nd quarter. TFR Capital LLC. now owns 979 shares of the railroad operator’s stock worth $266,000 after purchasing an additional 36 shares during the last quarter. Finally, Key Financial Inc grew its stake in shares of Union Pacific by 2.1% during the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock worth $442,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

UNP stock opened at $289.54 on Friday. The business’s 50-day moving average price is $293.96 and its two-hundred day moving average price is $270.92. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The firm has a market cap of $172.01 billion, a PE ratio of 23.44, a P/E/G ratio of 2.88 and a beta of 0.96. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.03 earnings per share. As a group, research analysts forecast that Union Pacific Corporation will post 13.02 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is presently 45.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UNP shares. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Evercore restated an “outperform” rating and set a $294.00 target price on shares of Union Pacific in a research report on Thursday, June 25th. Barclays reaffirmed an “overweight” rating and issued a $350.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Erste Group Bank began coverage on shares of Union Pacific in a research report on Thursday, August 27th. They issued a “buy” rating on the stock. Finally, Citizens Jmp started coverage on shares of Union Pacific in a research note on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $320.89.

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.