Westport Asset Management Inc. bought a new position in Union Pacific Corporation (NYSE:UNP – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,800 shares of the railroad operator’s stock, valued at approximately $2,394,000.
Other institutional investors also recently modified their holdings of the company. Cambient Family Office LLC acquired a new position in Union Pacific during the fourth quarter worth $1,319,000. First National Bank of Omaha increased its position in shares of Union Pacific by 35.8% during the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after purchasing an additional 14,399 shares in the last quarter. North Dakota State Investment Board bought a new position in Union Pacific during the 4th quarter valued at about $4,746,000. Sage Investment Advisers LLC bought a new stake in Union Pacific during the fourth quarter worth about $997,000. Finally, Truist Financial Corp boosted its holdings in shares of Union Pacific by 3.1% in the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock worth $235,038,000 after acquiring an additional 30,079 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently issued reports on UNP. Wells Fargo & Company restated an “overweight” rating and set a $335.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Stephens upgraded shares of Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Citigroup boosted their price target on shares of Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a report on Friday, July 24th. JPMorgan Chase & Co. lifted their target price on Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Susquehanna increased their price target on Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. Two 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’s stock. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average price target of $320.89.
Union Pacific Trading Up 0.8%
Shares of NYSE:UNP opened at $304.34 on Friday. The business’s 50 day simple moving average is $285.59 and its 200 day simple moving average is $267.31. Union Pacific Corporation has a 1 year low of $210.84 and a 1 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 capitalization of $180.80 billion, a P/E ratio of 24.64, a P/E/G ratio of 3.08 and a beta of 0.96.
Union Pacific (NYSE:UNP – Get Free Report) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the company posted $3.03 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. On average, research analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.
Union Pacific Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, August 31st. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio is presently 44.70%.
Insider Buying and Selling at Union Pacific
In related 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 transaction of $789,504.36. Following the sale, the executive vice president owned 43,012 shares in the company, 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 SEC, which is accessible through this link. Company 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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