Lmcg Investments LLC Has $7.59 Million Stock Holdings in Union Pacific Corporation $UNP

Lmcg Investments LLC boosted its position in Union Pacific Corporation (NYSE:UNPFree Report) by 6.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,300 shares of the railroad operator’s stock after buying an additional 1,971 shares during the period. Lmcg Investments LLC’s holdings in Union Pacific were worth $7,594,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new stake in Union Pacific in the fourth quarter valued at approximately $25,000. SWAN Capital LLC raised its position in shares of Union Pacific by 2,575.0% during the fourth 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 period. Rachor Investment Advisory Services LLC acquired a new position in shares of Union Pacific during the fourth quarter worth approximately $25,000. Saranac Partners Ltd acquired a new position in shares of Union Pacific during the third quarter worth approximately $27,000. Finally, High Point Wealth Management LLC bought a new position in shares of Union Pacific in the 4th quarter worth $26,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays reissued an “overweight” rating and issued a $315.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. TD Cowen raised their price objective on shares of Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Sanford C. Bernstein lifted their price objective on shares of Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Royal Bank Of Canada reissued an “outperform” rating and set a $289.00 target price (up from $273.00) on shares of Union Pacific in a research report on Friday, April 24th. Finally, Raymond James Financial set a $310.00 target price on shares of Union Pacific in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $287.72.

Check Out Our Latest Stock Analysis on UNP

Union Pacific Price Performance

Union Pacific stock opened at $281.42 on Thursday. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $285.79. The company’s 50 day moving average price is $268.43 and its two-hundred day moving average price is $253.35. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. The stock has a market cap of $167.08 billion, a P/E ratio of 23.18, a P/E/G ratio of 2.98 and a beta of 0.96.

Union Pacific (NYSE:UNPGet Free Report) last released its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.07. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.Union Pacific’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.70 earnings per share. On average, equities analysts predict that Union Pacific Corporation will post 12.56 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, May 29th. Union Pacific’s dividend payout ratio is 45.47%.

Insider Buying and Selling at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the sale, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,378 shares of company stock worth $8,781,595 in the last quarter. 0.22% of the stock is currently owned by company insiders.

About Union Pacific

(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.

Recommended Stories

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

Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.