Union Pacific Corporation $UNP Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its position in Union Pacific Corporation (NYSE:UNP) by 1.0% during the second quarter, Holdings Channel.com reports. The firm owned 708,990 shares of the railroad operator’s stock after selling 7,075 shares during the period. HighTower Advisors LLC’s holdings in Union Pacific were worth $192,845,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Cambient Family Office LLC acquired a new position in shares of Union Pacific during the 4th quarter worth about $1,319,000. First National Bank of Omaha raised its position in shares of Union Pacific by 35.8% during the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after acquiring an additional 14,399 shares in the last quarter. North Dakota State Investment Board acquired a new stake in shares of Union Pacific during the 4th quarter worth about $4,746,000. Sage Investment Advisers LLC purchased a new stake in Union Pacific during the fourth quarter worth approximately $997,000. Finally, Truist Financial Corp lifted its stake in Union Pacific by 3.1% during the fourth quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock worth $235,038,000 after purchasing an additional 30,079 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.22% of the stock is owned by company insiders.

Union Pacific Stock Down 0.0%

UNP stock opened at $293.57 on Monday. The company has a market cap of $174.40 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.96. The company has a fifty day moving average price of $283.00 and a 200 day moving average price of $265.37. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month 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 analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the previous year, the business posted $3.03 earnings per share. Union Pacific’s quarterly revenue was up 11.5% on a year-over-year basis. Sell-side analysts expect that Union Pacific Corporation will post 12.93 earnings per share for the current 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 issued 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 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s dividend payout ratio is 44.70%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citizens Jmp started coverage on Union Pacific in a report on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 price target for the company. Bank of America raised their price objective on shares of Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Citigroup boosted their price objective on shares of Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Wells Fargo & Company restated an “overweight” rating and issued a $335.00 target price (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $339.00 target price (up from $289.00) on shares of Union Pacific in a research 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.