Cohen Capital Management Inc. Has $5.30 Million Stock Position in Union Pacific Corporation $UNP

Cohen Capital Management Inc. cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 9.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,478 shares of the railroad operator’s stock after selling 2,000 shares during the period. Cohen Capital Management Inc.’s holdings in Union Pacific were worth $5,298,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cambient Family Office LLC bought a new position in Union Pacific in the 4th quarter valued at about $1,319,000. First National Bank of Omaha increased its holdings in Union Pacific by 35.8% during the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after purchasing an additional 14,399 shares in the last quarter. North Dakota State Investment Board purchased a new stake in shares of Union Pacific in the fourth quarter worth approximately $4,746,000. Sage Investment Advisers LLC bought a new position in shares of Union Pacific in the fourth quarter valued at approximately $997,000. Finally, Truist Financial Corp lifted its holdings in shares of Union Pacific by 3.1% in the fourth quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock valued at $235,038,000 after purchasing an additional 30,079 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $295.41 on Friday. The company has a 50 day moving average of $279.53 and a 200 day moving average of $262.62. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The stock has a market cap of $175.50 billion, a P/E ratio of 23.92, a P/E/G ratio of 3.03 and a beta of 0.96. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same period in the prior year, the company posted $3.03 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Union Pacific Corporation will post 12.9 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. Union Pacific’s dividend payout ratio (DPR) is currently 44.70%.

Wall Street Analyst Weigh In

UNP has been the subject of several recent research reports. Stephens upgraded Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. UBS Group restated a “neutral” rating and set a $310.00 price objective (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Monday, July 13th. The Goldman Sachs Group set a $317.00 price target on Union Pacific and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $320.89.

Insider Activity at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.22% of the stock is owned by insiders.

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.