Hara Capital LLC Takes Position in Union Pacific Corporation $UNP

Hara Capital LLC bought a new position in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, Holdings Channel reports. The firm bought 2,365 shares of the railroad operator’s stock, valued at approximately $643,000.

Other large investors have also recently made changes to their positions in the company. Ninepoint Partners LP purchased a new position in shares of Union Pacific during the 2nd quarter worth about $2,347,000. Advisors Capital Management LLC bought a new stake in Union Pacific in the second quarter worth about $1,971,000. MJP Associates Inc. ADV bought a new stake in Union Pacific in the second quarter worth about $550,000. PCM Encore LLC bought a new stake in Union Pacific in the second quarter worth about $580,000. Finally, Trillium Asset Management LLC purchased a new position in shares of Union Pacific during the second quarter valued at approximately $34,337,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UNP shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $335.00 target price (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Robert W. Baird upped their price objective on Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Citigroup increased their target price on Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Benchmark lifted their target price on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

Union Pacific Stock Up 0.8%

Shares of NYSE UNP opened at $304.34 on Friday. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99. The firm has a market capitalization of $180.80 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 3.08 and a beta of 0.96. The stock has a 50 day moving average price of $285.59 and a 200 day moving average price of $267.31. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.03 EPS. Sell-side analysts expect that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

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

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.