Sachem Hill LLC Purchases New Shares in Union Pacific Corporation $UNP

Sachem Hill LLC purchased a new position in shares of Union Pacific Corporation (NYSE:UNP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,173 shares of the railroad operator’s stock, valued at approximately $1,679,000. Union Pacific accounts for 0.3% of Sachem Hill LLC’s investment portfolio, making the stock its 15th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Tucker Asset Management LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at about $25,000. SWAN Capital LLC boosted its stake in shares of Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after buying an additional 103 shares during the period. Rachor Investment Advisory Services LLC purchased a new position in shares of Union Pacific during the fourth quarter worth about $25,000. High Point Wealth Management LLC purchased a new position in shares of Union Pacific during the fourth quarter worth about $26,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Union Pacific during the first quarter worth about $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by corporate insiders.

Union Pacific Trading Up 0.8%

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

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter last year, the firm earned $3.03 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts expect that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is 44.70%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. UBS Group reiterated a “neutral” rating and issued a $310.00 target price (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Bank of America boosted their target price on Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Barclays restated an “overweight” rating and set a $350.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Citizens Jmp started coverage on Union Pacific in a report on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

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.