Csenge Advisory Group purchased a new position in Union Pacific Corporation (NYSE:UNP – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,624 shares of the railroad operator’s stock, valued at approximately $2,074,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Tucker Asset Management LLC acquired a new stake in Union Pacific during the 4th quarter worth about $25,000. SWAN Capital LLC lifted its position in shares of Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares during the last quarter. Rachor Investment Advisory Services LLC bought a new stake in Union Pacific in the 4th quarter valued at $25,000. High Point Wealth Management LLC acquired a new position in shares of Union Pacific in the fourth quarter valued at $26,000. Finally, Scarborough Advisors LLC bought a new position in shares of Union Pacific during the 1st quarter worth about $27,000. 80.38% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently issued reports on UNP shares. Susquehanna lifted their target price on shares of Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Citigroup raised their target price on shares of Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Wells Fargo & Company reiterated an “overweight” rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. UBS Group reissued 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. Finally, Citizens Jmp started coverage on Union Pacific in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average price target of $320.89.
Union Pacific Stock Up 0.8%
Shares of NYSE:UNP opened at $304.34 on Friday. The firm has a fifty day moving average price of $285.59 and a two-hundred day moving average price of $267.31. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The company has a market cap of $180.80 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 3.08 and a beta of 0.96.
Union Pacific (NYSE:UNP – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.03 EPS. Analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.
Union Pacific Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. 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. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio is presently 44.70%.
Insider Activity
In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction dated 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 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.
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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