Ceredex Value Advisors LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm acquired 62,254 shares of the railroad operator’s stock, valued at approximately $16,933,000.
Other large investors have also recently bought and sold shares of the company. Cambient Family Office LLC bought a new stake in Union Pacific in the fourth quarter valued at $1,319,000. First National Bank of Omaha grew its position in shares of Union Pacific by 35.8% during the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after acquiring an additional 14,399 shares during the last quarter. North Dakota State Investment Board bought a new position in shares of Union Pacific during the fourth quarter worth about $4,746,000. Sage Investment Advisers LLC acquired a new stake in shares of Union Pacific in the 4th quarter worth about $997,000. Finally, Truist Financial Corp increased 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 during the period. Institutional investors own 80.38% of the company’s stock.
Insider Buying and Selling
In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is currently owned by insiders.
Union Pacific Stock Up 1.3%
Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. Union Pacific’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.03 EPS. On average, analysts expect 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. Investors of record on Monday, August 31st will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a yield of 1.8%. Union Pacific’s dividend payout ratio is presently 44.70%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on UNP. Benchmark boosted their target price on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Robert W. Baird raised their price target on shares of Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. BMO Capital Markets reaffirmed a “market perform” rating and set a $320.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Evercore reiterated an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a research report on Thursday, June 25th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.
Check Out Our Latest Analysis on Union Pacific
Union Pacific Company 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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