29,792 Shares in Union Pacific Corporation $UNP Acquired by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab acquired a new stake in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 29,792 shares of the railroad operator’s stock, valued at approximately $8,103,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Rachor Investment Advisory Services LLC purchased a new position in shares of Union Pacific in the fourth quarter worth $25,000. Tucker Asset Management LLC purchased a new stake in Union Pacific during the 4th quarter valued at $25,000. SWAN Capital LLC grew its holdings in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. High Point Wealth Management LLC bought a new stake in Union Pacific in the 4th quarter worth $26,000. Finally, Cornerstone Financial Management LLC purchased a new position in shares of Union Pacific in the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Evercore reaffirmed an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a research report on Thursday, June 25th. The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Bank of America lifted their price objective on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Citigroup boosted their target price on Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a research note 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $320.89.

Insider Activity

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the company’s 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 owned 43,012 shares in the company, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by insiders.

Union Pacific Trading Up 1.0%

NYSE:UNP opened at $301.69 on Thursday. The company has a 50-day moving average price of $284.87 and a 200-day moving average price of $266.83. The stock has a market cap of $179.23 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 3.05 and a beta of 0.96. 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 Corporation has a 12 month low of $210.84 and a 12 month high of $315.99.

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

Union Pacific Increases Dividend

The firm 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. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis 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 currently 44.70%.

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.