Eric Gehringer Sells 2,991 Shares of Union Pacific (NYSE:UNP) Stock

Union Pacific Corporation (NYSE:UNP) EVP Eric Gehringer sold 2,991 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $272.28 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $279.70. The stock has a market cap of $161.66 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 2.80 and a beta of 0.97. The company’s fifty day moving average is $259.32 and its 200 day moving average is $247.03.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.07. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.70 earnings per share. Sell-side analysts forecast that Union Pacific Corporation will post 12.53 EPS for the current year.

Union Pacific Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Susquehanna restated a “positive” rating and issued a $305.00 target price on shares of Union Pacific in a report on Friday. Evercore restated an “outperform” rating and issued a $277.00 target price on shares of Union Pacific in a report on Friday, April 24th. Sanford C. Bernstein upped their target price on shares of Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Citigroup restated a “buy” rating and issued a $307.00 target price (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, Robert W. Baird set a $311.00 target price on shares of Union Pacific and gave the stock an “outperform” rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.21.

Institutional Trading of Union Pacific

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rachor Investment Advisory Services LLC bought a new stake in Union Pacific in the 4th quarter worth $25,000. Tucker Asset Management LLC bought a new stake in Union Pacific in the 4th quarter worth $25,000. SWAN Capital LLC grew its holdings in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. High Point Wealth Management LLC bought a new stake in Union Pacific in the 4th quarter worth $26,000. Finally, Caitlin John LLC bought a new stake in Union Pacific in the 3rd quarter worth $27,000. Hedge funds and other institutional investors own 80.38% 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.