Partners Capital Investment Group LLP bought a new position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 1,722 shares of the railroad operator’s stock, valued at approximately $468,000.
Several other institutional investors also recently bought and sold shares of UNP. Tucker Asset Management LLC acquired a new position in shares of Union Pacific during the 4th quarter valued at about $25,000. SWAN Capital LLC raised its stake in shares of Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new stake in Union Pacific in the 4th quarter worth approximately $25,000. High Point Wealth Management LLC acquired a new stake in Union Pacific in the 4th quarter worth approximately $26,000. Finally, Scarborough Advisors LLC bought a new stake in Union Pacific during the first quarter worth approximately $27,000. 80.38% of the stock is currently owned by institutional investors.
Insider Transactions at Union Pacific
In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is owned by corporate insiders.
Union Pacific Price Performance
Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.03 EPS. Analysts expect that Union Pacific Corporation will post 12.93 EPS for the current year.
Union Pacific Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a dividend of $1.42 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 31st. Union Pacific’s dividend payout ratio is presently 45.99%.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Evercore reiterated an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $320.00 target price (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Susquehanna lifted their target price on shares of Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $320.89.
Read Our Latest Stock Analysis on Union Pacific
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.
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