2,007 Shares in Union Pacific Corporation $UNP Bought by Solstein Capital LLC

Solstein Capital LLC acquired a new position in Union Pacific Corporation (NYSE:UNP) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,007 shares of the railroad operator’s stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Union Pacific in the second quarter worth about $262,513,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Union Pacific during the 2nd quarter valued at approximately $3,556,000. Magellan Asset Management Ltd purchased a new stake in Union Pacific during the 2nd quarter worth approximately $68,400,000. Elefante Mark B purchased a new stake in Union Pacific during the 2nd quarter worth approximately $408,000. Finally, Berry Wealth Group LP acquired a new position in shares of Union Pacific in the 2nd quarter valued at approximately $211,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Down 0.0%

Shares of NYSE UNP opened at $307.97 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The stock’s 50 day moving average price is $286.30 and its two-hundred day moving average price is $267.83. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99. The stock has a market capitalization of $182.96 billion, a P/E ratio of 24.94, a PEG ratio of 3.14 and a beta of 0.96.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $6.72 billion. During the same quarter last year, the firm earned $3.03 EPS. The business’s revenue was up 11.5% on a year-over-year basis. On average, analysts anticipate that Union Pacific Corporation will post 12.93 earnings per share 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. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s dividend payout ratio is presently 44.70%.

Insiders Place Their Bets

In other Union Pacific 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 transaction of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares in the company, 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 at this link. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UNP has been the subject of several research analyst reports. Evercore reiterated an “outperform” rating and set a $294.00 target price on shares of Union Pacific in a research note on Thursday, June 25th. Robert W. Baird upped their price target on shares of Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Wells Fargo & Company reiterated an “overweight” rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. TD Cowen reissued a “buy” rating and set a $325.00 price objective (up from $282.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $320.89.

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.