Graves Light Private Wealth Management Inc. lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,721 shares of the railroad operator’s stock after buying an additional 75 shares during the period. Graves Light Private Wealth Management Inc.’s holdings in Union Pacific were worth $460,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in UNP. Camarda Financial Advisors LLC grew its stake in shares of Union Pacific by 673.7% in the first quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 128 shares during the last quarter. Squar Milner Financial Services LLC grew its stake in shares of Union Pacific by 368.6% in the first quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 129 shares during the last quarter. Mackey Komara & Dankovich LLC bought a new stake in shares of Union Pacific in the first quarter worth $29,000. Joseph P. Lucia & Associates LLC bought a new stake in shares of Union Pacific in the first quarter worth $30,000. Finally, Manchester Financial Inc. bought a new stake in shares of Union Pacific in the second quarter worth $39,000. Institutional investors own 79.30% of the company’s stock.
Several analysts recently weighed in on UNP shares. Raymond James set a $197.00 price objective on shares of Union Pacific and gave the stock a “buy” rating in a research note on Friday, July 19th. BMO Capital Markets upped their price target on shares of Union Pacific to $190.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Atlantic Securities raised shares of Union Pacific from a “neutral” rating to an “overweight” rating and upped their price target for the company from $175.00 to $195.00 in a research report on Friday, July 26th. ValuEngine cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Credit Suisse Group set a $203.00 price target on shares of Union Pacific and gave the company a “buy” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $182.62.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The business’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.98 EPS. As a group, research analysts forecast that Union Pacific Co. will post 8.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, August 29th. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio is 44.50%.
In related news, Director William J. Delaney III acquired 5,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were bought at an average price of $174.06 per share, with a total value of $870,300.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $870,300. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 8,620 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the transaction, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $17,093,537.72. The disclosure for this sale can be found here. 9.96% of the stock is owned by corporate insiders.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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