Vise Technologies Inc. Acquires New Stake in Union Pacific Corporation $UNP

Vise Technologies Inc. acquired a new position in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 29,420 shares of the railroad operator’s stock, valued at approximately $8,002,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tucker Asset Management LLC acquired a new position in Union Pacific in the fourth quarter valued at about $25,000. SWAN Capital LLC lifted its holdings in shares of 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. Rachor Investment Advisory Services LLC purchased a new position in shares of Union Pacific during the 4th quarter worth approximately $25,000. High Point Wealth Management LLC purchased a new position in shares of Union Pacific during the 4th quarter worth approximately $26,000. Finally, Scarborough Advisors LLC acquired a new stake in Union Pacific in the 1st quarter valued at approximately $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $304.34 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The firm’s 50 day moving average is $285.59 and its two-hundred day moving average is $267.31. The firm has a market capitalization of $180.80 billion, a P/E ratio of 24.64, a P/E/G ratio of 3.08 and a beta of 0.96.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping 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 business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the previous year, the firm earned $3.03 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. Research analysts forecast that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.9%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio (DPR) is 44.70%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UNP shares. UBS Group reissued a “neutral” rating and set a $310.00 target price (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Citizens Jmp initiated coverage on shares of Union Pacific in a research note on Wednesday, July 15th. They set an “outperform” rating and a $350.00 target price on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Monday, July 13th. JPMorgan Chase & Co. raised their target price on shares of Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Barclays reiterated an “overweight” rating and issued a $350.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Two 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 has an average rating of “Moderate Buy” and a consensus target price of $320.89.

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.