Union Pacific Corporation (NYSE:UNP) Shares Bought by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC raised its holdings in Union Pacific Corporation (NYSE:UNP) by 23.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,967 shares of the railroad operator’s stock after purchasing an additional 750 shares during the period. Kirtland Hills Capital Management LLC’s holdings in Union Pacific were worth $874,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Meeder Advisory Services Inc. raised its position in shares of Union Pacific by 5.5% in the 1st quarter. Meeder Advisory Services Inc. now owns 11,986 shares of the railroad operator’s stock valued at $2,832,000 after purchasing an additional 624 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Union Pacific by 3.4% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,968 shares of the railroad operator’s stock valued at $701,000 after acquiring an additional 98 shares during the last quarter. Patten & Patten Inc. TN increased its holdings in shares of Union Pacific by 0.9% in the 1st quarter. Patten & Patten Inc. TN now owns 6,801 shares of the railroad operator’s stock valued at $1,607,000 after acquiring an additional 59 shares during the last quarter. New Republic Capital LLC bought a new stake in shares of Union Pacific in the 1st quarter valued at approximately $239,000. Finally, Schubert & Co increased its holdings in shares of Union Pacific by 2.5% in the 1st quarter. Schubert & Co now owns 2,464 shares of the railroad operator’s stock valued at $582,000 after acquiring an additional 59 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UNP. Evercore ISI lowered their price target on Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a report on Friday. Robert W. Baird began coverage on Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target for the company. Barclays boosted their price target on Union Pacific from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Stifel Nicolaus lowered their price target on Union Pacific from $270.00 to $248.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Susquehanna upgraded Union Pacific from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $245.00 to $260.00 in a research note on Tuesday, June 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $259.46.

Union Pacific Trading Up 2.0%

Shares of Union Pacific stock opened at $229.29 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The firm has a market cap of $137.00 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. The business has a fifty day simple moving average of $227.17 and a 200-day simple moving average of $231.05. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.74 EPS. On average, equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $1.38 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.41%. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s payout ratio is currently 46.57%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.