6,439 Shares in Union Pacific Corporation $UNP Purchased by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 6,439 shares of the railroad operator’s stock, valued at approximately $1,751,000.

A number of other hedge funds have also made changes to their positions in the company. Capital World Investors boosted its stake in shares of Union Pacific by 92.1% in the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock worth $4,658,142,000 after acquiring an additional 9,655,306 shares during the last quarter. Norges Bank acquired a new position in Union Pacific in the 4th quarter valued at $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Union Pacific by 72.7% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock valued at $2,169,168,000 after purchasing an additional 3,861,636 shares in the last quarter. Capital Research Global Investors lifted its holdings in Union Pacific by 26.0% in the 4th quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator’s stock valued at $2,540,105,000 after purchasing an additional 2,267,708 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Union Pacific by 16.8% during the 1st quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator’s stock worth $3,509,030,000 after purchasing an additional 2,084,808 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Activity

In related news, EVP Eric J. Gehringer sold 2,991 shares of the firm’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 completion of the sale, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.22% of the company’s stock.

Union Pacific Stock Performance

NYSE UNP opened at $301.69 on Thursday. The stock’s fifty day moving average is $284.87 and its two-hundred day moving average is $266.83. The firm has a market capitalization of $179.23 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 3.05 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. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $315.99.

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

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a $1.42 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific’s payout ratio is currently 44.70%.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Susquehanna raised their price target on shares of Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Stephens upgraded shares of Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Evercore restated an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a research report on Thursday, June 25th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $320.89.

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.