36,270 Shares in Union Pacific Corporation $UNP Acquired by Stevens Capital Partners

Stevens Capital Partners bought a new position in shares of Union Pacific Corporation (NYSE:UNP) in the second quarter, Holdings Channel reports. The firm bought 36,270 shares of the railroad operator’s stock, valued at approximately $9,866,000. Union Pacific accounts for 1.9% of Stevens Capital Partners’ portfolio, making the stock its 9th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UNP. Cambient Family Office LLC bought a new stake in shares of Union Pacific during the fourth quarter worth $1,319,000. First National Bank of Omaha increased its position in Union Pacific by 35.8% in the fourth quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after purchasing an additional 14,399 shares during the period. North Dakota State Investment Board acquired a new stake in Union Pacific in the fourth quarter worth about $4,746,000. Sage Investment Advisers LLC acquired a new stake in Union Pacific in the fourth quarter worth about $997,000. Finally, Truist Financial Corp boosted its stake in shares of Union Pacific by 3.1% in the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock valued at $235,038,000 after purchasing an additional 30,079 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Buying and Selling at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the firm’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 transaction, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This trade represents 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 accessible through this hyperlink. 0.22% of the stock is owned by corporate insiders.

Union Pacific Trading Up 1.0%

NYSE UNP opened at $301.69 on Thursday. The firm has a market cap of $179.23 billion, a P/E ratio of 24.43, a P/E/G ratio of 3.05 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The stock’s 50-day moving average is $284.87 and its 200-day moving average is $266.83. 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 quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.03 EPS. Sell-side analysts anticipate that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

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

Analyst Ratings Changes

A number of analysts have commented on UNP shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Evercore reaffirmed an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a research note on Thursday, June 25th. Citizens Jmp started coverage on Union Pacific in a report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 price objective for the company. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research note on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock 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.