MidFirst Bank Buys New Stake in Union Pacific Corporation $UNP

MidFirst Bank purchased a new position in Union Pacific Corporation (NYSE:UNP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,716 shares of the railroad operator’s stock, valued at approximately $860,000.

A number of other hedge funds also recently bought and sold shares of UNP. Tucker Asset Management LLC purchased a new stake in shares of Union Pacific during the 4th quarter valued at about $25,000. SWAN Capital LLC grew its position in Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Union Pacific in the fourth quarter worth about $25,000. Caitlin John LLC bought a new stake in Union Pacific during the third quarter worth approximately $27,000. Finally, Saranac Partners Ltd purchased a new stake in Union Pacific during the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 0.2%

UNP opened at $257.46 on Friday. The stock’s fifty day moving average is $263.79 and its two-hundred day moving average is $249.80. The company has a market capitalization of $152.86 billion, a P/E ratio of 21.21, a PEG ratio of 2.72 and a beta of 0.97. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $279.70. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period in the prior year, the business earned $2.70 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts forecast that Union Pacific Corporation will post 12.55 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, May 29th. Union Pacific’s dividend payout ratio is presently 45.47%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UNP. TD Cowen increased their price target on Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings upgraded shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, April 21st. Benchmark increased their target price on shares of Union Pacific from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Susquehanna reissued a “positive” rating and issued a $305.00 target price on shares of Union Pacific in a research note on Friday, June 5th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $300.00 target price (up from $260.00) on shares of Union Pacific in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $282.21.

Insider Buying and Selling at Union Pacific

In other news, CFO Jennifer L. Hamann sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the completion of the sale, the chief financial officer owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction that occurred 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 transaction, 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 32,378 shares of company stock valued at $8,781,595. Company insiders own 0.22% of the company’s stock.

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.