Western Wealth Management LLC increased its position in Union Pacific Corporation (NYSE:UNP – Free Report) by 184.1% in the first quarter, Holdings Channel reports. The firm owned 10,570 shares of the railroad operator’s stock after purchasing an additional 6,849 shares during the quarter. Western Wealth Management LLC’s holdings in Union Pacific were worth $2,564,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of UNP. Tucker Asset Management LLC acquired a new stake in Union Pacific during the fourth quarter valued at approximately $25,000. SWAN Capital LLC grew its position 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 worth $25,000 after acquiring an additional 103 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in shares of Union Pacific in the 4th quarter worth approximately $25,000. High Point Wealth Management LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at approximately $26,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Union Pacific in the 1st quarter valued at approximately $27,000. 80.38% of the stock is owned by institutional investors.
Insider Buying and Selling at Union Pacific
In other 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 transaction of $789,504.36. Following the sale, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through the SEC website. Company insiders own 0.22% of the company’s stock.
Union Pacific Stock Up 0.8%
Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. The firm 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%. Union Pacific’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $3.03 EPS. As a group, sell-side analysts predict that Union Pacific Corporation will post 12.9 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. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date is Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio (DPR) is 44.70%.
Analyst Upgrades and Downgrades
UNP has been the topic of several research analyst reports. TD Cowen restated a “buy” rating and set a $325.00 price objective (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Citigroup boosted their target price on shares of Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Robert W. Baird increased their target price on shares of Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. JPMorgan Chase & Co. increased their target price on shares of Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Susquehanna raised their price target on shares of Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $320.89.
Read Our Latest Analysis on UNP
Union Pacific Company 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.
Further Reading
- Five stocks we like better than Union Pacific
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP – Free Report).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.
