MJP Associates Inc. ADV purchased a new stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,020 shares of the railroad operator’s stock, valued at approximately $550,000.
Several other institutional investors have also added to or reduced their stakes in UNP. Cambient Family Office LLC bought a new stake in shares of Union Pacific in the fourth quarter worth about $1,319,000. First National Bank of Omaha lifted its holdings in Union Pacific by 35.8% in the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after buying an additional 14,399 shares during the period. North Dakota State Investment Board bought a new stake in shares of Union Pacific in the 4th quarter worth approximately $4,746,000. Sage Investment Advisers LLC bought a new stake in shares of Union Pacific in the 4th quarter worth approximately $997,000. Finally, Truist Financial Corp increased its stake in shares of Union Pacific by 3.1% during the fourth quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock valued at $235,038,000 after buying an additional 30,079 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.
Insider Activity at Union Pacific
In other news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 released its quarterly earnings results 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 company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.03 earnings per share. As a group, equities research analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.
Union Pacific Increases Dividend
The firm also recently announced 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. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio (DPR) is presently 44.70%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on UNP. BMO Capital Markets restated a “market perform” rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. TD Cowen reiterated a “buy” rating and issued a $325.00 price target (up from $282.00) on shares of Union Pacific in a report on Friday, July 24th. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Monday, July 13th. Wells Fargo & Company restated an “overweight” rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $339.00 target price (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. Two 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $320.89.
Get 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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