Sone Capital Management LLC Purchases New Shares in Union Pacific Corporation $UNP

Sone Capital Management LLC acquired a new position in Union Pacific Corporation (NYSE:UNP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 95,813 shares of the railroad operator’s stock, valued at approximately $26,061,000. Union Pacific makes up 2.0% of Sone Capital Management LLC’s investment portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of UNP. Tucker Asset Management LLC purchased a new position in shares of Union Pacific during the fourth quarter valued at about $25,000. SWAN Capital LLC lifted its holdings in 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 buying an additional 103 shares during the period. Rachor Investment Advisory Services LLC bought a new stake in Union Pacific during the 4th quarter valued at approximately $25,000. High Point Wealth Management LLC bought a new stake in Union Pacific during the 4th quarter valued at approximately $26,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Union Pacific during the 1st quarter worth approximately $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Monday, July 13th. 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. JPMorgan Chase & Co. upped their price target on Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Barclays reiterated an “overweight” rating and issued a $350.00 price objective (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, Citigroup raised their price objective on Union Pacific from $326.00 to $349.00 and gave the company a “buy” rating in a research report 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 assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.

Union Pacific Price Performance

Shares of NYSE UNP opened at $309.83 on Tuesday. Union Pacific Corporation has a fifty-two week low of $210.84 and a fifty-two week high of $315.99. The company has a 50 day simple moving average of $287.14 and a two-hundred day simple moving average of $268.31. The company has a market capitalization of $184.06 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 3.14 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 (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS 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 analysts’ expectations of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.03 EPS. Analysts expect that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. The ex-dividend date is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. Union Pacific’s dividend payout ratio (DPR) is presently 45.99%.

Insider Activity at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Union Pacific 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.