Notis McConarty Edward Invests $726,000 in Union Pacific Corporation $UNP

Notis McConarty Edward purchased a new stake in Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,670 shares of the railroad operator’s stock, valued at approximately $726,000.

Several other large investors have also added to or reduced their stakes in the business. Rachor Investment Advisory Services LLC bought a new stake in Union Pacific during the 4th quarter worth approximately $25,000. Tucker Asset Management LLC bought a new position in shares of Union Pacific in the fourth quarter valued at approximately $25,000. SWAN Capital LLC lifted its holdings in shares of Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. High Point Wealth Management LLC purchased a new position in shares of Union Pacific during the fourth quarter valued at approximately $26,000. Finally, Cornerstone Financial Management LLC purchased a new position in shares of Union Pacific during the fourth quarter valued at approximately $27,000. Institutional investors own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by insiders.

Union Pacific Stock Performance

UNP stock opened at $304.34 on Friday. 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 firm has a market cap of $180.80 billion, a PE ratio of 24.64, a P/E/G ratio of 3.08 and a beta of 0.96. The business has a 50 day moving average of $285.59 and a 200-day moving average of $267.31. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period last year, the company posted $3.03 earnings per share. Union Pacific’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts expect that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is 44.70%.

Wall Street Analysts Forecast Growth

UNP has been the subject of several recent research reports. Citizens Jmp assumed coverage on Union Pacific in a report on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price target for the company. Royal Bank Of Canada restated an “outperform” rating and set a $339.00 price objective (up from $289.00) on shares of Union Pacific in a research note on Friday, July 24th. Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.89.

About Union Pacific

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.