2,950 Shares in Union Pacific Corporation $UNP Bought by Denali Advisors LLC

Denali Advisors LLC bought a new stake in Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,950 shares of the railroad operator’s stock, valued at approximately $802,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific during the fourth quarter worth approximately $25,000. Tucker Asset Management LLC acquired a new position in Union Pacific during the 4th quarter worth approximately $25,000. SWAN Capital LLC increased its stake in Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after buying an additional 103 shares during the period. High Point Wealth Management LLC purchased a new stake in Union Pacific during the 4th quarter worth approximately $26,000. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Union Pacific in the fourth quarter worth $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was 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. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Bank of America lifted their price target on shares of Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price target on Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Stephens upgraded Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Benchmark raised their price objective on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Citigroup boosted their target price on Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific Stock Up 0.8%

Shares of UNP stock opened at $304.34 on Friday. The stock’s 50 day simple moving average is $285.59 and its 200 day simple moving average is $267.31. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The company has a market capitalization of $180.80 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 3.08 and a beta of 0.96.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.72 billion. During the same quarter in the previous year, the firm earned $3.03 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. As a group, research analysts predict that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid 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 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, August 31st. Union Pacific’s dividend payout ratio is currently 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.