W1M Asset Management Ltd bought a new position in shares of Union Pacific Corporation (NYSE:UNP – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,695 shares of the railroad operator’s stock, valued at approximately $1,004,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rachor Investment Advisory Services LLC acquired a new position in shares of Union Pacific during the fourth quarter worth about $25,000. Tucker Asset Management LLC acquired a new stake in Union Pacific in the 4th quarter valued at approximately $25,000. SWAN Capital LLC raised its position in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after buying an additional 103 shares during the last quarter. High Point Wealth Management LLC bought a new stake in Union Pacific in the 4th quarter valued at approximately $26,000. Finally, Cornerstone Financial Management LLC bought a new stake in Union Pacific in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 80.38% of the company’s stock.
Union Pacific Trading Up 1.3%
Shares of Union Pacific stock opened at $307.97 on Friday. The business has a fifty day simple moving average of $286.30 and a two-hundred day simple moving average of $267.60. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99. The company has a market capitalization of $182.96 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 3.14 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82.
Union Pacific Increases Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.8%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s 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 business’s stock in a transaction dated 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 transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.22% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on UNP. Citizens Jmp began coverage on shares of Union Pacific in a research note on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price target for the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $339.00 price objective (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. Bank of America lifted their price target on shares of Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Robert W. Baird boosted their price target on shares of Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Two equities 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 presently has a consensus rating of “Moderate Buy” and an average 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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