MCF Advisors LLC Buys 3,614 Shares of Union Pacific Corporation $UNP

MCF Advisors LLC grew its holdings in Union Pacific Corporation (NYSE:UNP) by 71.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,660 shares of the railroad operator’s stock after acquiring an additional 3,614 shares during the quarter. MCF Advisors LLC’s holdings in Union Pacific were worth $2,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific in the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC bought a new stake in shares of Union Pacific in the fourth quarter valued at approximately $25,000. High Point Wealth Management LLC bought a new stake in shares of Union Pacific in the fourth quarter valued at approximately $26,000. Caitlin John LLC bought a new stake in shares of Union Pacific in the third quarter valued at approximately $27,000. Finally, Saranac Partners Ltd bought a new stake in shares of Union Pacific in the third quarter valued at approximately $27,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Up 3.2%

Shares of UNP stock opened at $272.28 on Friday. The stock has a market cap of $161.66 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 2.80 and a beta of 0.97. Union Pacific Corporation has a one year low of $210.84 and a one year high of $279.70. The stock has a fifty day moving average price of $259.32 and a 200 day moving average price of $247.03. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73.

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

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, May 29th. Union Pacific’s dividend payout ratio is currently 45.47%.

Insiders Place Their Bets

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jennifer L. Hamann sold 2,000 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the transaction, the chief financial officer owned 114,642 shares of the company’s stock, valued at $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 34,377 shares of company stock worth $9,251,221 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Evercore reissued an “outperform” rating and issued a $277.00 price objective on shares of Union Pacific in a research report on Friday, April 24th. TD Cowen increased their price objective on Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $289.00 price objective (up from $273.00) on shares of Union Pacific in a research report on Friday, April 24th. Raymond James Financial set a $310.00 price objective on Union Pacific in a research report on Friday, April 24th. Finally, Robert W. Baird set a $311.00 target price on Union Pacific and gave the stock an “outperform” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $282.21.

Union Pacific Profile

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.