Union Pacific Corporation $UNP Shares Bought by Everett Harris & Co. CA

Everett Harris & Co. CA lifted its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 9.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 98,305 shares of the railroad operator’s stock after purchasing an additional 8,425 shares during the period. Everett Harris & Co. CA’s holdings in Union Pacific were worth $26,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Rachor Investment Advisory Services LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC purchased a new position in Union Pacific in the fourth quarter worth $25,000. SWAN Capital LLC lifted its holdings in Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after acquiring an additional 103 shares during the period. High Point Wealth Management LLC acquired a new stake in Union Pacific in the fourth quarter valued at $26,000. Finally, Cornerstone Financial Management LLC acquired a new stake in Union Pacific in the fourth quarter valued at $27,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UNP shares. Evercore restated an “outperform” rating and set a $294.00 target price on shares of Union Pacific in a research report on Thursday, June 25th. Bank of America raised their price objective 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. UBS Group reissued a “neutral” rating and set a $310.00 price objective (up from $286.00) on shares of Union Pacific in a report on Friday, July 24th. Benchmark upped their target price on shares of Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Stephens raised shares of Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific Stock Down 1.4%

UNP opened at $293.57 on Friday. The business’s fifty day moving average is $283.00 and its two-hundred day moving average is $265.13. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The company has a market cap of $174.40 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.04 and a beta of 0.96. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the prior year, the company earned $3.03 earnings per share. Union Pacific’s revenue was up 11.5% compared to the same quarter last year. Analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is presently 44.70%.

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.