Kirtland Hills Capital Management LLC Invests $3.35 Million in Union Pacific Corporation $UNP

Kirtland Hills Capital Management LLC bought a new position in shares of Union Pacific Corporation (NYSE:UNP) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 12,301 shares of the railroad operator’s stock, valued at approximately $3,346,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific during the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific in the fourth quarter worth $25,000. SWAN Capital LLC increased its position in shares of Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 103 shares in the last quarter. High Point Wealth Management LLC acquired a new stake in shares of Union Pacific in the fourth quarter worth $26,000. Finally, Cornerstone Financial Management LLC purchased a new position in shares of Union Pacific in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Up 1.3%

Shares of NYSE:UNP opened at $307.97 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99. The company has a 50 day moving average of $286.30 and a two-hundred day moving average of $267.60. The company has a market capitalization of $182.96 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.96.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter last year, the firm posted $3.03 earnings per share. The business’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, analysts forecast that Union Pacific Corporation will post 12.93 earnings per share 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. Investors of record on Monday, August 31st will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio (DPR) is 44.70%.

Analyst Ratings Changes

Several research firms recently weighed in on UNP. UBS Group restated a “neutral” rating and set a $310.00 target price (up from $286.00) on shares of Union Pacific in a report on Friday, July 24th. Wells Fargo & Company reiterated an “overweight” rating and issued a $335.00 price target (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the company a “neutral” rating in a research report on Thursday, July 23rd. TD Cowen reissued a “buy” rating and issued a $325.00 price objective (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Susquehanna boosted their price objective on Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $320.89.

Insider Transactions at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction 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 sale, the executive vice president owned 43,012 shares of the company’s stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.22% of the stock is owned by company insiders.

Union Pacific Company 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.