Puzo Michael J bought a new stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,245 shares of the railroad operator’s stock, valued at approximately $611,000.
Other hedge funds have also bought and sold shares of the company. Capital World Investors raised its stake in shares of Union Pacific by 92.1% in the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after buying an additional 9,655,306 shares during the period. Norges Bank bought a new position in shares of Union Pacific during the 4th quarter valued at approximately $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Union Pacific by 72.7% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock worth $2,169,168,000 after acquiring an additional 3,861,636 shares in the last quarter. Capital Research Global Investors increased its holdings in Union Pacific by 26.0% in the 4th quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock worth $2,540,105,000 after acquiring an additional 2,267,708 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Union Pacific by 16.8% during the 1st quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock worth $3,509,030,000 after acquiring an additional 2,084,808 shares during the period. Institutional investors own 80.38% of the company’s stock.
Insiders Place Their Bets
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 transaction 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. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.22% of the stock is owned by corporate insiders.
Union Pacific Stock Performance
Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.03 EPS. As a group, analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal 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. The ex-dividend date of this dividend is Monday, August 31st. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.9%. Union Pacific’s dividend payout ratio is currently 44.70%.
Analyst Ratings Changes
Several brokerages have weighed in on UNP. UBS Group reaffirmed a “neutral” rating and set a $310.00 price target (up from $286.00) on shares of Union Pacific in a report on Friday, July 24th. BMO Capital Markets reissued a “market perform” rating and issued a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Susquehanna raised 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. Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $320.89.
Read Our Latest Report on Union Pacific
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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