Callan Family Office LLC Acquires New Shares in Union Pacific Corporation $UNP

Callan Family Office LLC purchased a new position in Union Pacific Corporation (NYSE:UNPFree Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,864 shares of the railroad operator’s stock, valued at approximately $7,579,000.

Several other large investors have also modified their holdings of the company. Acadian Asset Management LLC boosted its holdings in Union Pacific by 40.4% during the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after acquiring an additional 665 shares during the period. Schnieders Capital Management LLC. lifted its position in shares of Union Pacific by 0.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock worth $4,741,000 after purchasing an additional 102 shares during the last quarter. Main Street Financial Solutions LLC boosted its stake in Union Pacific by 1.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock valued at $859,000 after purchasing an additional 58 shares during the period. HUB Investment Partners LLC boosted its stake in Union Pacific by 10.0% during the 2nd quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock valued at $1,401,000 after purchasing an additional 554 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Union Pacific by 7.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after buying an additional 105,664 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UNP has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. UBS Group reissued a “neutral” rating and issued a $310.00 price objective (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. Benchmark raised their price objective on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Finally, Evercore reaffirmed an “outperform” rating and set a $294.00 target price on shares of Union Pacific in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $320.89.

Read Our Latest Stock Report on UNP

Union Pacific Price Performance

Shares of NYSE:UNP opened at $307.97 on Friday. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99. The firm has a market capitalization of $182.96 billion, a PE ratio of 24.94, a PEG ratio of 3.10 and a beta of 0.96. The business’s 50 day moving average is $286.30 and its 200-day moving average is $267.60. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNPGet Free Report) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The business had revenue of $6.86 billion during 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%.Union Pacific’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.03 earnings per share. Sell-side analysts predict that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently declared 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 is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.8%. Union Pacific’s payout ratio is presently 44.70%.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were 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 directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Union Pacific Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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