Mystic Asset Management Inc. Buys Shares of 2,382 Union Pacific Corporation $UNP

Mystic Asset Management Inc. purchased a new position in Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, HoldingsChannel reports. The firm purchased 2,382 shares of the railroad operator’s stock, valued at approximately $648,000.

A number of other large investors also recently modified their holdings of UNP. Rachor Investment Advisory Services LLC acquired a new stake in shares of Union Pacific in the fourth quarter worth $25,000. Tucker Asset Management LLC acquired a new position in Union Pacific during the 4th quarter valued at $25,000. SWAN Capital LLC raised 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 valued at $25,000 after purchasing an additional 103 shares during the last quarter. High Point Wealth Management LLC bought a new stake in Union Pacific in the 4th quarter valued at $26,000. Finally, Cornerstone Financial Management LLC bought a new stake in Union Pacific in the 4th quarter valued at $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UNP has been the topic of several research reports. Bank of America boosted their price objective on shares of Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $339.00 target price (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. Barclays restated an “overweight” rating and set a $350.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $320.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, UBS Group reiterated a “neutral” rating and issued a $310.00 price objective (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. Two research 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.

Insider Buying and Selling

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the company’s 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by company insiders.

Union Pacific Stock Performance

Shares of NYSE:UNP opened at $307.97 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The business’s fifty day moving average price is $286.30 and its two-hundred day moving average price is $267.60. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $315.99. The stock has a market capitalization of $182.96 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 3.10 and a beta of 0.96.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. During the same period last year, the business earned $3.03 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. As a group, analysts predict that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued 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 yield of 1.8%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s payout ratio is 44.70%.

Union Pacific Company 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.