L2 Asset Management LLC acquired a new position in Union Pacific Corporation (NYSE:UNP – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,442 shares of the railroad operator’s stock, valued at approximately $936,000.
Several other institutional investors also recently bought and sold shares of the business. Tiemann Investment Advisors LLC lifted its position in Union Pacific by 1.7% during the second quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator’s stock valued at $576,000 after acquiring an additional 35 shares during the last quarter. TFR Capital LLC. grew its position in Union Pacific by 3.8% during the 2nd quarter. TFR Capital LLC. now owns 979 shares of the railroad operator’s stock worth $266,000 after purchasing an additional 36 shares during the period. Key Financial Inc grew its holdings in Union Pacific by 2.1% during the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock worth $442,000 after acquiring an additional 38 shares during the period. Members Trust Co increased its holdings in shares of Union Pacific by 2.5% during the 1st quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock valued at $382,000 after purchasing an additional 38 shares in the last quarter. Finally, EJMK Ventures LLC boosted its holdings in Union Pacific by 4.0% during the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock worth $247,000 after buying an additional 39 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.
Union Pacific Trading Up 0.6%
Shares of Union Pacific stock opened at $309.83 on Tuesday. The firm has a market capitalization of $184.06 billion, a PE ratio of 25.09, a P/E/G ratio of 3.14 and a beta of 0.96. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The firm’s 50-day moving average price is $287.14 and its 200 day moving average price is $268.31. 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 Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a $1.42 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. Union Pacific’s dividend payout ratio is 45.99%.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Barclays restated an “overweight” rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Citigroup upped their price target on Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Robert W. Baird increased their price target on Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.
Get Our Latest Research Report on Union Pacific
Insider Activity at Union Pacific
In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is currently owned by corporate insiders.
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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