D.B. Root & Company LLC acquired a new position in Union Pacific Corporation (NYSE:UNP – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,889 shares of the railroad operator’s stock, valued at approximately $514,000.
A number of other large investors have also recently made changes to their positions in UNP. Rachor Investment Advisory Services LLC bought a new position in shares of Union Pacific during the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC purchased a new position in Union Pacific during the 4th quarter valued at $25,000. SWAN Capital LLC raised its holdings in Union Pacific by 2,575.0% in 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 in the last quarter. High Point Wealth Management LLC purchased a new stake in shares of Union Pacific in the 4th quarter worth about $26,000. Finally, Cornerstone Financial Management LLC bought a new stake in Union Pacific during the 4th quarter valued at approximately $27,000. 80.38% of the stock is currently owned by institutional investors.
Union Pacific Price Performance
Shares of UNP opened at $307.97 on Monday. The firm has a fifty day simple moving average of $286.30 and a two-hundred day simple moving average of $267.83. The firm has a market cap of $182.96 billion, a PE ratio of 24.94, a P/E/G ratio of 3.14 and a beta of 0.96. 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 Corporation has a 1-year low of $210.84 and a 1-year high of $315.99.
Union Pacific Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is currently 44.70%.
Insider Activity at Union Pacific
In other news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the transaction, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on UNP shares. The Goldman Sachs Group set a $317.00 price target on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Wells Fargo & Company restated an “overweight” rating and issued a $335.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Susquehanna increased their price objective on Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. UBS Group reaffirmed a “neutral” rating and set a $310.00 price objective (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Citizens Jmp initiated coverage on Union Pacific in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned 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 target price of $320.89.
View Our Latest Stock Analysis on Union Pacific
About Union Pacific
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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