Summit Securities Group LLC Increases Stock Position in Union Pacific Corporation $UNP

Summit Securities Group LLC lifted its stake in Union Pacific Corporation (NYSE:UNP) by 292.4% in the first quarter, HoldingsChannel.com reports. The fund owned 6,597 shares of the railroad operator’s stock after purchasing an additional 4,916 shares during the period. Union Pacific accounts for 0.2% of Summit Securities Group LLC’s holdings, making the stock its 25th biggest position. Summit Securities Group LLC’s holdings in Union Pacific were worth $1,601,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UNP. Rachor Investment Advisory Services LLC purchased a new stake in Union Pacific in the fourth quarter worth approximately $25,000. Tucker Asset Management LLC bought a new position in shares of Union Pacific during the 4th quarter valued at $25,000. SWAN Capital LLC lifted its holdings in shares of Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after buying an additional 103 shares during the period. High Point Wealth Management LLC purchased a new position in shares of Union Pacific in the 4th quarter worth $26,000. Finally, Saranac Partners Ltd purchased a new position in shares of Union Pacific in the 3rd quarter worth $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 transaction of $789,504.36. Following the completion of the transaction, the executive vice president directly 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 legal filing with the SEC, which is accessible through this link. Also, CFO Jennifer L. Hamann sold 2,000 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the transaction, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at $31,492,157.40. The trade was a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 32,378 shares of company stock worth $8,781,595. 0.22% of the stock is owned by insiders.

Union Pacific Stock Up 1.5%

Shares of UNP opened at $285.06 on Friday. The business’s 50 day moving average is $268.77 and its 200 day moving average is $253.70. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $285.79. The company has a market capitalization of $169.24 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.95 and a beta of 0.96.

Union Pacific (NYSE:UNP) last posted its quarterly 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 the consensus estimate of $6.12 billion. During the same period in the prior year, the company posted $2.70 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Research analysts expect that Union Pacific Corporation will post 12.56 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were given a dividend of $1.38 per share. The ex-dividend date was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio is currently 45.47%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group reiterated a “neutral” rating and set a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. Weiss Ratings downgraded Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $289.00 price target (up from $273.00) on shares of Union Pacific in a research report on Friday, April 24th. TD Cowen increased their price target on shares of Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $285.00 price objective (up from $278.00) on shares of Union Pacific in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.78.

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.