Danske Bank A S Buys New Holdings in Union Pacific Corporation $UNP

Danske Bank A S bought a new position in shares of Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 466,604 shares of the railroad operator’s stock, valued at approximately $126,916,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gables Capital Management Inc. purchased a new stake in shares of Union Pacific during the 2nd quarter worth about $110,000. Oxbow Advisors LLC grew its holdings in shares of Union Pacific by 5.0% during the second quarter. Oxbow Advisors LLC now owns 16,586 shares of the railroad operator’s stock worth $4,511,000 after buying an additional 784 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Union Pacific by 12.7% during the 2nd quarter. Wealthfront Advisers LLC now owns 70,207 shares of the railroad operator’s stock worth $19,096,000 after purchasing an additional 7,901 shares during the last quarter. Cypress Asset Management Inc. TX raised its holdings in shares of Union Pacific by 0.5% during the 2nd quarter. Cypress Asset Management Inc. TX now owns 23,901 shares of the railroad operator’s stock worth $6,501,000 after acquiring an additional 124 shares during the period. Finally, Main Street Financial Solutions LLC purchased a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $1,751,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction dated 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 $11,353,447.52. This trade represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

UNP has been the subject of several research reports. Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Robert W. Baird upped their price objective on Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a report on Monday, July 13th. JPMorgan Chase & Co. upped their price target on shares of Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Evercore reiterated an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.

Union Pacific Price Performance

UNP opened at $301.69 on Thursday. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $315.99. The firm has a market cap of $179.23 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 3.05 and a beta of 0.96. 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 company’s 50-day moving average price is $284.87 and its 200 day moving average price is $266.83.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share 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 return on equity of 38.46% and a net margin of 28.85%.The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $3.03 earnings per share. 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 declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.9%. Union Pacific’s payout ratio is presently 44.70%.

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.