Union Pacific Corporation $UNP Shares Bought by Mattern Capital Management LLC

Mattern Capital Management LLC boosted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 2.5% in the second quarter, HoldingsChannel.com reports. The fund owned 39,549 shares of the railroad operator’s stock after purchasing an additional 968 shares during the period. Mattern Capital Management LLC’s holdings in Union Pacific were worth $9,099,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in UNP. Highline Wealth Partners LLC raised its position in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 59 shares during the period. CBIZ Investment Advisory Services LLC raised its position in shares of Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after buying an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in shares of Union Pacific in the first quarter valued at about $32,000. WPG Advisers LLC acquired a new stake in shares of Union Pacific in the first quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after buying an additional 56 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Price Performance

Union Pacific stock opened at $234.65 on Friday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The stock has a market cap of $139.16 billion, a P/E ratio of 20.39, a PEG ratio of 2.45 and a beta of 1.07. The company has a 50-day moving average price of $223.43 and a 200 day moving average price of $224.59. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

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

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a dividend of $1.38 per share. The ex-dividend date was Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s dividend payout ratio (DPR) is 47.96%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on UNP shares. Argus cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. BMO Capital Markets increased their target price on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Sanford C. Bernstein increased their target price on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Wells Fargo & Company increased their target price on shares of Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada increased their target price on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average target price of $260.00.

Union Pacific Company 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.