Union Pacific (NYSE:UNP) EVP Eric Gehringer Sells 2,991 Shares

Union Pacific Corporation (NYSE:UNP) EVP Eric Gehringer sold 2,991 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Union Pacific Stock Performance

UNP opened at $263.54 on Friday. The firm has a market capitalization of $156.47 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 2.78 and a beta of 0.97. The stock’s 50 day moving average price is $258.71 and its two-hundred day moving average price is $246.85. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $279.70.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.07. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.Union Pacific’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.70 EPS. On average, equities analysts forecast that Union Pacific Corporation will post 12.53 earnings per share for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. Union Pacific’s payout ratio is presently 45.47%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UNP. Citigroup reaffirmed a “buy” rating and set a $307.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, April 24th. Raymond James Financial set a $310.00 target price on Union Pacific in a report on Friday, April 24th. TD Cowen upped their price objective on Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and set a $277.00 price objective on shares of Union Pacific in a research report on Friday, April 24th. Finally, Sanford C. Bernstein increased their price target on Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average price target of $280.47.

Institutional Trading of Union Pacific

A number of hedge funds have recently made changes to their positions in the business. Key Financial Inc grew its stake in shares of Union Pacific by 2.1% in the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock worth $442,000 after acquiring an additional 38 shares in the last quarter. Members Trust Co grew its stake in shares of Union Pacific by 2.5% in the first quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock worth $382,000 after acquiring an additional 38 shares in the last quarter. EJMK Ventures LLC grew its stake in shares of Union Pacific by 4.0% in the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock worth $247,000 after acquiring an additional 39 shares in the last quarter. Wealthquest Corp grew its stake in shares of Union Pacific by 3.7% in the first quarter. Wealthquest Corp now owns 1,108 shares of the railroad operator’s stock worth $269,000 after acquiring an additional 40 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in shares of Union Pacific by 0.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 6,637 shares of the railroad operator’s stock worth $1,535,000 after acquiring an additional 42 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

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.