Gallacher Capital Management LLC Acquires 106 Shares of Union Pacific Corporation $UNP

Gallacher Capital Management LLC grew its holdings in Union Pacific Corporation (NYSE:UNP) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,619 shares of the railroad operator’s stock after acquiring an additional 106 shares during the quarter. Gallacher Capital Management LLC’s holdings in Union Pacific were worth $603,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UNP. Toronto Dominion Bank raised its stake in Union Pacific by 6.7% in the fourth quarter. Toronto Dominion Bank now owns 344,840 shares of the railroad operator’s stock valued at $78,636,000 after purchasing an additional 21,700 shares in the last quarter. Tema Etfs LLC acquired a new position in Union Pacific in the fourth quarter valued at about $1,690,000. Strategic Wealth Partners Ltd. raised its stake in Union Pacific by 512.0% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 39,281 shares of the railroad operator’s stock valued at $9,858,000 after purchasing an additional 32,863 shares in the last quarter. TrinityPoint Wealth LLC raised its stake in Union Pacific by 2.3% in the fourth quarter. TrinityPoint Wealth LLC now owns 5,262 shares of the railroad operator’s stock valued at $1,200,000 after purchasing an additional 117 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in Union Pacific by 41.8% in the fourth quarter. Tidal Investments LLC now owns 60,352 shares of the railroad operator’s stock valued at $13,763,000 after purchasing an additional 17,796 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on UNP. Susquehanna dropped their price target on Union Pacific from $260.00 to $257.00 and set a “positive” rating for the company in a research note on Wednesday, July 30th. Wells Fargo & Company boosted their target price on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Royal Bank Of Canada boosted their target price on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Evercore ISI lowered their target price on Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research note on Friday, July 25th. Finally, Barclays downgraded Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $258.21.

Union Pacific Stock Performance

NYSE:UNP opened at $214.73 on Monday. The stock has a market cap of $127.34 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 2.09 and a beta of 1.03. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The stock’s 50-day moving average is $224.46 and its 200-day moving average is $225.79. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.74 earnings per share. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. Union Pacific’s dividend payout ratio is 47.96%.

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.