Knuff & Co LLC Makes New Investment in Union Pacific Corporation $UNP

Knuff & Co LLC purchased a new position in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,310 shares of the railroad operator’s stock, valued at approximately $1,444,000.

Other hedge funds have also recently modified their holdings of the company. Tiemann Investment Advisors LLC boosted its stake in Union Pacific by 1.7% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator’s stock worth $576,000 after purchasing an additional 35 shares in the last quarter. TFR Capital LLC. grew its position in Union Pacific by 3.8% during the 2nd quarter. TFR Capital LLC. now owns 979 shares of the railroad operator’s stock worth $266,000 after purchasing an additional 36 shares during the last quarter. Key Financial Inc increased its stake in Union Pacific by 2.1% during the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after purchasing an additional 38 shares in the last quarter. Members Trust Co increased its stake in Union Pacific by 2.5% during the 1st quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock valued at $382,000 after purchasing an additional 38 shares in the last quarter. Finally, EJMK Ventures LLC raised its holdings in shares of Union Pacific by 4.0% in the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock worth $247,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Citizens Jmp started coverage on Union Pacific in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $350.00 target price for the company. Robert W. Baird lifted their price target on Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, UBS Group reaffirmed a “neutral” rating and set a $310.00 price target (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. Two investment 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $320.89.

Union Pacific Stock Performance

UNP opened at $301.69 on Thursday. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $179.23 billion, a PE ratio of 24.43, a P/E/G ratio of 3.05 and a beta of 0.96. The firm has a 50 day moving average of $284.87 and a two-hundred day moving average of $266.83.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.03 EPS. On average, analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a dividend of $1.42 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, August 31st. Union Pacific’s payout ratio is presently 44.70%.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by corporate insiders.

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.