Parkside Investments LLC Purchases 220 Shares of Union Pacific Co. (NYSE:UNP)

Parkside Investments LLC raised its position in Union Pacific Co. (NYSE:UNP) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,755 shares of the railroad operator’s stock after purchasing an additional 220 shares during the period. Union Pacific makes up about 1.7% of Parkside Investments LLC’s investment portfolio, making the stock its 17th biggest holding. Parkside Investments LLC’s holdings in Union Pacific were worth $10,805,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC lifted its stake in Union Pacific by 23.8% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,050 shares of the railroad operator’s stock valued at $258,000 after buying an additional 202 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Union Pacific by 4.2% in the 4th quarter. Bleakley Financial Group LLC now owns 14,910 shares of the railroad operator’s stock worth $3,662,000 after purchasing an additional 605 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its holdings in Union Pacific by 29.3% during the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,926 shares of the railroad operator’s stock worth $964,000 after purchasing an additional 889 shares in the last quarter. Busey Bank raised its stake in shares of Union Pacific by 14.1% in the 4th quarter. Busey Bank now owns 9,180 shares of the railroad operator’s stock valued at $2,255,000 after purchasing an additional 1,133 shares during the period. Finally, Benin Management CORP bought a new position in shares of Union Pacific during the fourth quarter worth about $200,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UNP has been the subject of a number of recent research reports. TD Cowen reduced their price target on Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Evercore ISI lifted their price target on shares of Union Pacific from $271.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Barclays reduced their price objective on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Benchmark reiterated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a report on Monday, July 29th. Finally, Loop Capital downgraded Union Pacific from a “buy” rating to a “hold” rating and decreased their price target for the company from $276.00 to $238.00 in a research note on Monday, June 17th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $258.79.

Union Pacific Stock Performance

Shares of NYSE:UNP traded up $3.70 during trading on Thursday, reaching $240.54. 1,444,439 shares of the stock were exchanged, compared to its average volume of 2,301,208. Union Pacific Co. has a 12 month low of $199.33 and a 12 month high of $258.66. The stock has a 50-day moving average price of $231.40 and a 200-day moving average price of $239.21. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The firm has a market cap of $146.54 billion, a PE ratio of 22.95, a PEG ratio of 2.11 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the company posted $2.57 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Research analysts expect that Union Pacific Co. will post 11.12 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a $1.34 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.36 annualized dividend and a yield of 2.23%. Union Pacific’s payout ratio is 49.62%.

Insider Buying and Selling at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.28% of the company’s stock.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.