Union Pacific Corporation $UNP Shares Acquired by TCW Group Inc.

TCW Group Inc. lifted its position in Union Pacific Corporation (NYSE:UNP) by 18.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 148,946 shares of the railroad operator’s stock after buying an additional 23,565 shares during the quarter. TCW Group Inc.’s holdings in Union Pacific were worth $40,513,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Key Financial Inc grew its position in Union Pacific by 2.1% in the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after acquiring an additional 38 shares in the last quarter. Members Trust Co lifted its position in shares of Union Pacific by 2.5% during the first quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock worth $382,000 after purchasing an additional 38 shares in the last quarter. EJMK Ventures LLC lifted its position in shares of Union Pacific by 4.0% during the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock worth $247,000 after purchasing an additional 39 shares in the last quarter. Wealthquest Corp boosted its stake in shares of Union Pacific by 3.7% in the first quarter. Wealthquest Corp now owns 1,108 shares of the railroad operator’s stock valued at $269,000 after purchasing an additional 40 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Union Pacific by 5.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 791 shares of the railroad operator’s stock valued at $215,000 after purchasing an additional 40 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $293.57 on Friday. Union Pacific Corporation has a one year low of $210.84 and a one year high of $315.99. The company has a market cap of $174.40 billion, a PE ratio of 23.77, a P/E/G ratio of 3.00 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The business has a 50-day simple moving average of $283.00 and a 200-day simple moving average of $265.13.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates 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 prior year, the firm earned $3.03 earnings per share. On average, equities research analysts forecast 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. Shareholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.9%. Union Pacific’s dividend payout ratio (DPR) is presently 44.70%.

Wall Street Analyst Weigh In

UNP has been the topic of several recent research reports. UBS Group reaffirmed a “neutral” rating and set a $310.00 target price (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Stephens raised shares of Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. TD Cowen restated a “buy” rating and issued a $325.00 price target (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Robert W. Baird upped their price objective 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, The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average target price of $320.89.

Insider Activity at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.22% of the company’s stock.

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.