Turtle Creek Wealth Advisors LLC Buys 1,855 Shares of Union Pacific Corporation $UNP

Turtle Creek Wealth Advisors LLC boosted its position in Union Pacific Corporation (NYSE:UNP) by 12.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 16,964 shares of the railroad operator’s stock after purchasing an additional 1,855 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Union Pacific were worth $4,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambient Family Office LLC purchased a new stake in shares of Union Pacific in the fourth quarter worth about $1,319,000. Jefferies Financial Group Inc. grew its stake in Union Pacific by 1,581.2% during the third quarter. Jefferies Financial Group Inc. now owns 232,000 shares of the railroad operator’s stock valued at $54,838,000 after acquiring an additional 218,200 shares in the last quarter. North Dakota State Investment Board purchased a new position in Union Pacific during the fourth quarter valued at approximately $4,746,000. First National Bank of Omaha increased its holdings in Union Pacific by 35.8% during the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock worth $12,665,000 after acquiring an additional 14,399 shares during the period. Finally, Avanza Fonder AB bought a new stake in Union Pacific during the 4th quarter worth approximately $1,449,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Up 1.7%

Shares of UNP opened at $282.50 on Friday. The firm’s 50 day simple moving average is $267.03 and its 200 day simple moving average is $252.06. The company has a market capitalization of $167.73 billion, a P/E ratio of 23.27, a P/E/G ratio of 2.92 and a beta of 0.96. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.92 and a quick ratio of 0.73. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $282.80.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same period in the previous year, the business posted $2.70 earnings per share. Union Pacific’s revenue for the quarter was up 3.2% on a year-over-year basis. Sell-side analysts forecast that Union Pacific Corporation will post 12.55 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, May 29th. Union Pacific’s payout ratio is currently 45.47%.

Wall Street Analyst Weigh In

Several research firms have issued reports on UNP. Susquehanna reiterated a “positive” rating and issued a $305.00 target price on shares of Union Pacific in a research note on Friday, June 5th. JPMorgan Chase & Co. upped their price target on shares of Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Raymond James Financial set a $310.00 price objective on Union Pacific in a research report on Friday, April 24th. Evercore reissued an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a research note on Thursday, June 25th. Finally, TD Cowen boosted their target price on Union Pacific from $256.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $283.11.

Key Union Pacific News

Here are the key news stories impacting Union Pacific this week:

• Positive Sentiment: Union Pacific is drawing support from a positive earnings outlook, as analysts expect its upcoming quarterly report to show single-digit bottom-line growth, keeping expectations for a solid results season in place. Union Pacific’s Quarterly Earnings Preview: What You Need to Know
• Positive Sentiment: Another note pointed to Union Pacific shares gaining after quarterly revenue growth, suggesting investors are reacting favorably to operational improvement and better top-line performance. Union Pacific (NYSE:UNP) Shares Gain After Quarterly Revenue Growth
• Positive Sentiment: Brokerage sentiment remains constructive, with Union Pacific receiving a consensus rating of “Moderate Buy,” which can help support the stock. Union Pacific Corporation (NYSE:UNP) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Investors are also watching broader rail industry trends, including rising intermodal volumes and higher fuel/trucking costs that are affecting major U.S. railroads, though the impact on Union Pacific specifically is less clear. Rising intermodal volume slows big four U.S. rail systems
• Negative Sentiment: A Kansas federal court granted class action status in a lawsuit alleging Union Pacific historically dumped carcinogenic chemicals near Wichita neighborhoods, increasing legal and reputational risk for the company. Lanier Law Firm: Class Action Certified Against Union Pacific for Dumping Carcinogenic Chemicals in Historically Black Wichita Neighborhoods

Insider Buying and Selling

In other Union Pacific news, CFO Jennifer L. Hamann sold 2,000 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $274.70, for a total transaction of $549,400.00. Following the sale, the chief financial officer owned 114,642 shares in the company, valued at $31,492,157.40. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the sale, the executive vice president directly owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This trade represents a 30.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 32,378 shares of company stock worth $8,781,595. Corporate insiders own 0.22% of the company’s stock.

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.