Lester Murray Antman dba SimplyRich boosted its stake in Union Pacific Corporation (NYSE:UNP – Free Report) by 100.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,811 shares of the railroad operator’s stock after purchasing an additional 3,910 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Union Pacific were worth $2,125,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC boosted its stake in shares of Union Pacific by 6.4% during the second quarter. Regent Peak Wealth Advisors LLC now owns 2,104 shares of the railroad operator’s stock valued at $572,000 after purchasing an additional 127 shares during the period. Tema ETFs LLC increased its stake in shares of Union Pacific by 10.2% in the second quarter. Tema ETFs LLC now owns 10,966 shares of the railroad operator’s stock worth $2,983,000 after buying an additional 1,015 shares during the period. Dagco Inc. increased its stake in shares of Union Pacific by 4.8% in the second quarter. Dagco Inc. now owns 2,267 shares of the railroad operator’s stock worth $616,000 after buying an additional 103 shares during the period. Fiduciary Financial Group LLC increased its stake in shares of Union Pacific by 8.8% in the second quarter. Fiduciary Financial Group LLC now owns 1,451 shares of the railroad operator’s stock worth $395,000 after buying an additional 117 shares during the period. Finally, Kentucky Trust Co raised its holdings in Union Pacific by 29.2% during the 2nd quarter. Kentucky Trust Co now owns 177 shares of the railroad operator’s stock valued at $48,000 after buying an additional 40 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.
Union Pacific Trading Down 1.4%
NYSE:UNP opened at $293.57 on Friday. The company’s 50 day moving average price is $283.00 and its 200-day moving average price is $265.13. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The stock has a market cap of $174.40 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.04 and a beta of 0.96.
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 $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend 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 is 44.70%.
Insider Activity at Union Pacific
In other news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction 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 transaction, the executive vice president 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.22% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on UNP shares. Susquehanna boosted their price objective on shares of Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Stephens raised shares of Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Robert W. Baird lifted 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. Benchmark upped their price target on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $339.00 price target (up from $289.00) on shares of Union Pacific in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $320.89.
View Our Latest Stock Report on UNP
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.
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